Helix Energy Solutions Group (NYSE:HLX) Shares Down 2.1% – Time to Sell?

Helix Energy Solutions Group, Inc. (NYSE:HLX) traded down 2.1% on Friday . The stock traded as low as $6.16 and last traded at $6.19. 372,090 shares changed hands during trading, a decline of 79% from the average session volume of 1,778,799 shares. The stock had previously closed at $6.32.

Helix Energy Solutions Group Trading Up 2.9 %

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 stock’s fifty day moving average price is $7.94 and its 200 day moving average price is $9.12. The stock has a market cap of $985.70 million, a P/E ratio of 162.67 and a beta of 1.91.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings data on Monday, February 24th. The oil and gas company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.04. The business had revenue of $355.13 million during the quarter, compared to analysts’ expectations of $311.66 million. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. Equities research analysts expect that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current year.

Hedge Funds Weigh In On Helix Energy Solutions Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Principal Financial Group Inc. increased its position in shares of Helix Energy Solutions Group by 18.3% during the 4th quarter. Principal Financial Group Inc. now owns 2,443,203 shares of the oil and gas company’s stock valued at $22,771,000 after purchasing an additional 378,394 shares during the last quarter. Jane Street Group LLC increased its holdings in Helix Energy Solutions Group by 217.0% during the third quarter. Jane Street Group LLC now owns 305,767 shares of the oil and gas company’s stock valued at $3,394,000 after buying an additional 209,311 shares during the last quarter. Forge First Asset Management Inc. bought a new position in Helix Energy Solutions Group in the fourth quarter worth approximately $5,565,000. Wellington Management Group LLP boosted its stake in shares of Helix Energy Solutions Group by 13.7% during the 4th quarter. Wellington Management Group LLP now owns 3,282,202 shares of the oil and gas company’s stock worth $30,590,000 after acquiring an additional 396,666 shares during the last quarter. Finally, Amundi grew its position in shares of Helix Energy Solutions Group by 191.9% during the 4th quarter. Amundi now owns 89,714 shares of the oil and gas company’s stock valued at $812,000 after acquiring an additional 58,976 shares during the period. 91.33% of the stock is owned by institutional investors.

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.