Helix Energy Solutions Group (NYSE:HLX) Stock Price Up 1.4% – What’s Next?

Helix Energy Solutions Group, Inc. (NYSE:HLX)’s share price traded up 1.4% on Monday . The company traded as high as $6.70 and last traded at $6.60. 154,661 shares were traded during mid-day trading, a decline of 91% from the average session volume of 1,779,395 shares. The stock had previously closed at $6.51.

Helix Energy Solutions Group Price Performance

The business’s fifty day simple moving average is $7.94 and its 200-day simple moving average is $9.11. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.19. The firm has a market cap of $981.91 million, a P/E ratio of 162.04 and a beta of 1.91.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings results on Monday, February 24th. The oil and gas company reported $0.13 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.04. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. The firm had revenue of $355.13 million for the quarter, compared to analysts’ expectations of $311.66 million. As a group, analysts forecast that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Balyasny Asset Management L.P. boosted its position in Helix Energy Solutions Group by 356.5% during the 4th quarter. Balyasny Asset Management L.P. now owns 2,469,684 shares of the oil and gas company’s stock valued at $23,017,000 after buying an additional 1,928,691 shares during the period. Gate City Capital Management LLC purchased a new position in Helix Energy Solutions Group during the 4th quarter valued at about $17,639,000. Encompass Capital Advisors LLC lifted its holdings in Helix Energy Solutions Group by 66.2% in the 4th quarter. Encompass Capital Advisors LLC now owns 4,103,295 shares of the oil and gas company’s stock worth $38,243,000 after buying an additional 1,634,764 shares during the period. Pacer Advisors Inc. grew its position in shares of Helix Energy Solutions Group by 16.4% in the 4th quarter. Pacer Advisors Inc. now owns 6,546,820 shares of the oil and gas company’s stock worth $61,016,000 after buying an additional 923,477 shares during the last quarter. Finally, Bridgeway Capital Management LLC raised its holdings in shares of Helix Energy Solutions Group by 738.7% during the fourth quarter. Bridgeway Capital Management LLC now owns 998,485 shares of the oil and gas company’s stock valued at $9,306,000 after acquiring an additional 879,437 shares in the last quarter. Hedge funds and other institutional investors own 91.33% of the company’s stock.

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.