Wall Street analysts expect Helix Energy Solutions Group, Inc. (NYSE:HLX) to post $0.02 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Helix Energy Solutions Group’s earnings, with the lowest EPS estimate coming in at ($0.02) and the highest estimate coming in at $0.05. Helix Energy Solutions Group reported earnings per share of $0.10 during the same quarter last year, which suggests a negative year over year growth rate of 80%. The firm is scheduled to report its next earnings report on Wednesday, October 18th.

According to Zacks, analysts expect that Helix Energy Solutions Group will report full-year earnings of ($0.15) per share for the current fiscal year, with EPS estimates ranging from ($0.24) to ($0.09). For the next financial year, analysts anticipate that the business will post earnings of $0.18 per share, with EPS estimates ranging from $0.10 to $0.28. Zacks’ earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Helix Energy Solutions Group.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings data on Sunday, July 23rd. The oil and gas company reported ($0.04) EPS for the quarter, missing the consensus estimate of ($0.03) by ($0.01). Helix Energy Solutions Group had a negative net margin of 12.09% and a negative return on equity of 1.21%. The firm had revenue of $150.30 million during the quarter, compared to analysts’ expectations of $141.03 million. During the same quarter in the previous year, the company posted ($0.10) EPS. Helix Energy Solutions Group’s revenue for the quarter was up 40.2% on a year-over-year basis.

A number of brokerages have recently issued reports on HLX. Zacks Investment Research raised shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. BidaskClub downgraded shares of Helix Energy Solutions Group from a “sell” rating to a “strong sell” rating in a research report on Friday, August 18th. Piper Jaffray Companies downgraded shares of Helix Energy Solutions Group from an “overweight” rating to a “neutral” rating and boosted their price objective for the company from $7.00 to $7.30 in a research report on Wednesday. Cowen and Company reissued an “outperform” rating and set a $9.00 price objective (down previously from $10.00) on shares of Helix Energy Solutions Group in a research report on Tuesday, July 25th. Finally, Morgan Stanley reissued an “overweight” rating and set a $8.00 price objective (down previously from $15.00) on shares of Helix Energy Solutions Group in a research report on Wednesday, June 21st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $9.34.

Several institutional investors and hedge funds have recently added to or reduced their stakes in HLX. Great West Life Assurance Co. Can lifted its stake in shares of Helix Energy Solutions Group by 32.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 190,432 shares of the oil and gas company’s stock valued at $1,477,000 after buying an additional 46,485 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of Helix Energy Solutions Group by 40.1% during the 1st quarter. First Trust Advisors LP now owns 79,148 shares of the oil and gas company’s stock valued at $615,000 after buying an additional 22,663 shares in the last quarter. Comerica Bank lifted its stake in shares of Helix Energy Solutions Group by 27.3% during the 1st quarter. Comerica Bank now owns 153,136 shares of the oil and gas company’s stock valued at $940,000 after buying an additional 32,829 shares in the last quarter. Swiss National Bank lifted its stake in shares of Helix Energy Solutions Group by 28.4% during the 1st quarter. Swiss National Bank now owns 225,900 shares of the oil and gas company’s stock valued at $1,755,000 after buying an additional 50,000 shares in the last quarter. Finally, UBS Asset Management Americas Inc. lifted its stake in shares of Helix Energy Solutions Group by 36.1% during the 1st quarter. UBS Asset Management Americas Inc. now owns 52,933 shares of the oil and gas company’s stock valued at $411,000 after buying an additional 14,031 shares in the last quarter. Institutional investors own 86.85% of the company’s stock.

Helix Energy Solutions Group (NYSE:HLX) traded up 0.27% during trading on Thursday, reaching $7.39. The company had a trading volume of 1,692,738 shares. Helix Energy Solutions Group has a 12-month low of $4.82 and a 12-month high of $11.87. The firm’s market capitalization is $1.09 billion. The firm’s 50 day moving average price is $6.38 and its 200 day moving average price is $6.29.

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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.

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

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