Helix Energy Solutions Group (NYSE:HLX) Announces Quarterly Earnings Results

Helix Energy Solutions Group (NYSE:HLX) released its quarterly earnings data on Monday. The oil and gas company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.08, Briefing.com reports. The company had revenue of $334.16 million during the quarter, compared to analysts’ expectations of $304.67 million. Helix Energy Solutions Group had a return on equity of 2.89% and a net margin of 2.39%.Helix Energy Solutions Group’s revenue was down 5.9% on a year-over-year basis.

Helix Energy Solutions Group Stock Performance

Shares of NYSE HLX opened at $10.58 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.54 and a quick ratio of 2.54. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of 50.36 and a beta of 1.25. The stock’s fifty day moving average price is $7.51 and its two-hundred day moving average price is $6.88. Helix Energy Solutions Group has a one year low of $5.52 and a one year high of $10.75.

Analyst Ratings Changes

HLX has been the subject of several research reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Helix Energy Solutions Group in a report on Monday, December 29th. Zacks Research raised shares of Helix Energy Solutions Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 20th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Helix Energy Solutions Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.50.

Institutional Investors Weigh In On Helix Energy Solutions Group

Institutional investors have recently modified their holdings of the business. AQR Capital Management LLC increased its position in Helix Energy Solutions Group by 530.1% during the first quarter. AQR Capital Management LLC now owns 235,208 shares of the oil and gas company’s stock worth $1,955,000 after acquiring an additional 197,882 shares during the period. Caxton Associates LLP acquired a new position in shares of Helix Energy Solutions Group during the 1st quarter worth approximately $184,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Helix Energy Solutions Group by 9.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 373,201 shares of the oil and gas company’s stock worth $3,101,000 after purchasing an additional 32,643 shares during the period. Jane Street Group LLC raised its position in shares of Helix Energy Solutions Group by 1,836.3% in the first quarter. Jane Street Group LLC now owns 378,195 shares of the oil and gas company’s stock valued at $3,143,000 after buying an additional 358,663 shares in the last quarter. Finally, Strs Ohio bought a new stake in shares of Helix Energy Solutions Group in the first quarter valued at approximately $89,000. Institutional investors own 91.33% of the company’s stock.

Helix Energy Solutions Group Company Profile

Helix Energy Solutions Group, Inc (NYSE: HLX) is a Houston-based provider of offshore well intervention and robotics services to the global energy industry. The company specializes in extending the productive life of subsea wells through hydraulic workover systems, coiled tubing operations and riser-based wireline services. In addition, Helix offers remotely operated vehicle (ROV) support, inspection, maintenance and repair for subsea infrastructure.

Operating through three core business segments—Well Intervention, Robotics & Subsea Services and Production Facilities—Helix deploys purpose-built vessels, specialized equipment and engineering expertise to execute complex offshore projects.