Helix Energy Solutions Group (NYSE:HLX) Issues Earnings Results

Helix Energy Solutions Group (NYSE:HLX) issued its quarterly earnings results on Monday. The oil and gas company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.04, Zacks reports. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%.

Helix Energy Solutions Group Stock Down 0.6 %

Shares of NYSE HLX opened at $7.85 on Tuesday. The firm has a market cap of $1.19 billion, a price-to-earnings ratio of 196.20 and a beta of 2.43. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.19. Helix Energy Solutions Group has a 52-week low of $7.76 and a 52-week high of $13.05. The business’s 50 day moving average is $8.69 and its two-hundred day moving average is $9.74.

Insider Buying and Selling at Helix Energy Solutions Group

In related news, Director Diana Glassman sold 16,000 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $9.94, for a total transaction of $159,040.00. Following the completion of the transaction, the director now owns 26,133 shares in the company, valued at approximately $259,762.02. The trade was a 37.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Kenneth English Neikirk sold 83,991 shares of the company’s stock in a transaction on Monday, December 30th. The shares were sold at an average price of $9.17, for a total transaction of $770,197.47. Following the completion of the transaction, the executive vice president now owns 104,549 shares of the company’s stock, valued at $958,714.33. This represents a 44.55 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 269,991 shares of company stock valued at $2,607,137 over the last quarter. 6.37% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, StockNews.com raised Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th.

About Helix Energy Solutions Group

Helix Energy Solutions Group, Inc, together with its subsidiaries, an offshore energy services company, provides specialty services to the offshore energy industry in Brazil, the Gulf of Mexico, the East Coast of the United States, North Sea, the Asia Pacific, and West Africa regions. The company operates through four segments: Well Intervention, Robotics, Production Facilities, and Shallow Water Abandonment segments.