Helix Energy Solutions Group, Inc. (NYSE:HLX) – Equities research analysts at Capital One Financial Corporation raised their FY2016 EPS estimates for shares of Helix Energy Solutions Group in a note issued to investors on Monday. Capital One Financial Corporation analyst J. Gibney now forecasts that the brokerage will post earnings of ($0.35) per share for the year, up from their previous estimate of ($0.37). Capital One Financial Corporation also issued estimates for Helix Energy Solutions Group’s Q4 2016 earnings at ($0.09) EPS, Q1 2017 earnings at ($0.34) EPS, Q2 2017 earnings at ($0.07) EPS, Q4 2017 earnings at $0.00 EPS, FY2017 earnings at ($0.32) EPS and FY2018 earnings at $0.02 EPS.

Helix Energy Solutions Group (NYSE:HLX) last announced its earnings results on Wednesday, October 19th. The company reported $0.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.03 by $0.07. The firm earned $161.25 million during the quarter, compared to analysts’ expectations of $155.41 million. Helix Energy Solutions Group had a negative return on equity of 2.53% and a negative net margin of 83.31%. The business’s revenue was down 13.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.09 EPS. TRADEMARK VIOLATION WARNING: This piece was originally published by Daily Political and is the propert of of Daily Political. If you are viewing this piece on another publication, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The original version of this piece can be viewed at http://www.dailypolitical.com/2017/01/14/helix-energy-solutions-group-inc-hlx-to-post-fy2016-earnings-of-0-35-per-share-capital-one-financial-corporation-forecasts.html.

Earnings History and Estimates for Helix Energy Solutions Group (NYSE:HLX)

Several other research analysts have also commented on HLX. Zacks Investment Research raised Helix Energy Solutions Group from a “hold” rating to a “buy” rating and set a $7.75 price objective on the stock in a research report on Tuesday, September 20th. DA Davidson initiated coverage on Helix Energy Solutions Group in a research report on Wednesday, October 5th. They issued a “buy” rating and a $12.00 price objective on the stock. Credit Suisse Group set a $14.00 price objective on Helix Energy Solutions Group and gave the company a “buy” rating in a research report on Monday, November 21st. Finally, Johnson Rice lowered Helix Energy Solutions Group from a “buy” rating to a “hold” rating and set a $10.00 price objective on the stock. in a research report on Monday, January 9th. Four research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $10.25.

Shares of Helix Energy Solutions Group (NYSE:HLX) opened at 8.48 on Thursday. The firm’s market capitalization is $1.02 billion. Helix Energy Solutions Group has a 12 month low of $2.60 and a 12 month high of $11.87. The company has a 50 day moving average price of $9.82 and a 200-day moving average price of $8.59.

In other news, insider Anthony Tripodo sold 36,000 shares of Helix Energy Solutions Group stock in a transaction dated Wednesday, December 28th. The stock was sold at an average price of $9.26, for a total transaction of $333,360.00. Following the sale, the insider now directly owns 273,360 shares of the company’s stock, valued at $2,531,313.60. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 7.46% of the company’s stock.

TRADEMARK VIOLATION WARNING: This piece was originally published by Daily Political and is the propert of of Daily Political. If you are viewing this piece on another publication, it was illegally copied and reposted in violation of United States and international copyright and trademark law. The original version of this piece can be viewed at http://www.dailypolitical.com/2017/01/14/helix-energy-solutions-group-inc-hlx-to-post-fy2016-earnings-of-0-35-per-share-capital-one-financial-corporation-forecasts.html.

Hedge funds have recently made changes to their positions in the stock. Amalgamated Bank raised its stake in shares of Helix Energy Solutions Group by 5.3% in the second quarter. Amalgamated Bank now owns 11,980 shares of the company’s stock valued at $101,000 after buying an additional 604 shares in the last quarter. Raymond James & Associates purchased a new stake in shares of Helix Energy Solutions Group during the second quarter valued at $103,000. Virginia Retirement Systems ET AL purchased a new stake in shares of Helix Energy Solutions Group during the second quarter valued at $110,000. Verition Fund Management LLC purchased a new stake in shares of Helix Energy Solutions Group during the third quarter valued at $123,000. Finally, Mason Street Advisors LLC purchased a new stake in shares of Helix Energy Solutions Group during the second quarter valued at $132,000. 86.67% of the stock is owned by hedge funds and other institutional investors.

Helix Energy Solutions Group Company Profile

Helix Energy Solutions Group, Inc is an international offshore energy services company. The Company provides services to the offshore energy industry, with a focus on well intervention and robotics operations. The Company operates in three segments: Well Intervention, Robotics and Production Facilities.

5 Day Chart for NYSE:HLX

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