Wall Street analysts forecast that Helix Energy Solutions Group Inc (NYSE:HLX) will post earnings of ($0.07) per share for the current quarter, according to Zacks. Three analysts have issued estimates for Helix Energy Solutions Group’s earnings. The highest EPS estimate is ($0.07) and the lowest is ($0.08). Helix Energy Solutions Group posted earnings per share of ($0.01) in the same quarter last year, which would indicate a negative year over year growth rate of 600%. The business is expected to report its next quarterly earnings report on Monday, February 18th.

On average, analysts expect that Helix Energy Solutions Group will report full year earnings of $0.22 per share for the current financial year, with EPS estimates ranging from $0.21 to $0.23. For the next financial year, analysts expect that the company will report earnings of $0.31 per share, with EPS estimates ranging from $0.26 to $0.42. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side research analysts that follow Helix Energy Solutions Group.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings results on Monday, October 22nd. The oil and gas company reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.07. Helix Energy Solutions Group had a return on equity of 2.59% and a net margin of 12.48%. The business had revenue of $212.58 million during the quarter, compared to analyst estimates of $203.56 million. During the same quarter last year, the company posted $0.02 EPS.

HLX has been the subject of a number of recent analyst reports. Zacks Investment Research lowered Helix Energy Solutions Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, September 26th. Cowen began coverage on shares of Helix Energy Solutions Group in a research report on Saturday, October 13th. They set a “buy” rating and a $12.00 price target for the company. Finally, ValuEngine lowered shares of Helix Energy Solutions Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. Helix Energy Solutions Group currently has a consensus rating of “Buy” and an average price target of $9.65.

In other news, CEO Owen E. Kratz sold 653,468 shares of the company’s stock in a transaction dated Friday, September 21st. The shares were sold at an average price of $9.74, for a total transaction of $6,364,778.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Nancy K. Quinn sold 13,340 shares of the company’s stock in a transaction dated Thursday, September 20th. The shares were sold at an average price of $9.74, for a total transaction of $129,931.60. Following the transaction, the director now directly owns 109,384 shares of the company’s stock, valued at $1,065,400.16. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 852,052 shares of company stock valued at $8,287,258. Insiders own 5.85% of the company’s stock.

Large investors have recently modified their holdings of the company. Hilltop Holdings Inc. bought a new position in Helix Energy Solutions Group in the second quarter worth about $100,000. Tower Research Capital LLC TRC raised its stake in Helix Energy Solutions Group by 297.2% in the second quarter. Tower Research Capital LLC TRC now owns 15,888 shares of the oil and gas company’s stock worth $132,000 after buying an additional 11,888 shares in the last quarter. Oppenheimer & Co. Inc. bought a new position in Helix Energy Solutions Group in the second quarter worth about $167,000. Laurion Capital Management LP bought a new position in Helix Energy Solutions Group in the second quarter worth about $189,000. Finally, First Quadrant L P CA bought a new position in Helix Energy Solutions Group in the third quarter worth about $200,000. 92.38% of the stock is owned by hedge funds and other institutional investors.

Shares of NYSE:HLX traded down $0.16 during midday trading on Monday, reaching $7.23. The company had a trading volume of 1,701,509 shares, compared to its average volume of 1,203,940. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 0.25. Helix Energy Solutions Group has a 1-year low of $5.44 and a 1-year high of $10.89. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of -48.20 and a beta of 2.61.

About Helix Energy Solutions Group

Helix Energy Solutions Group, Inc, an offshore energy services company, provides specialty services to the offshore energy industry primarily in Brazil, the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. The company operates through 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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