Helix Energy Solutions Group (NYSE:HLX) Announces Earnings Results
by Jessica Moore · The Cerbat GemHelix Energy Solutions Group (NYSE:HLX – Get Free Report) announced its earnings results on Wednesday. The oil and gas company reported ($0.09) EPS for the quarter, hitting the consensus estimate of ($0.09), Zacks reports. Helix Energy Solutions Group had a net margin of 2.39% and a return on equity of 2.88%.
Helix Energy Solutions Group Price Performance
Shares of NYSE:HLX traded up $0.25 during trading on Wednesday, reaching $9.63. 1,481,129 shares of the company traded hands, compared to its average volume of 1,984,635. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.19. Helix Energy Solutions Group has a 52 week low of $5.52 and a 52 week high of $10.75. The firm has a market capitalization of $1.42 billion, a PE ratio of 45.85 and a beta of 1.15. The company’s 50 day moving average is $9.34 and its two-hundred day moving average is $7.76.
Hedge Funds Weigh In On Helix Energy Solutions Group
Hedge funds and other institutional investors have recently modified their holdings of the business. Kennedy Capital Management LLC boosted its stake in shares of Helix Energy Solutions Group by 0.3% in the 4th quarter. Kennedy Capital Management LLC now owns 559,666 shares of the oil and gas company’s stock valued at $3,509,000 after purchasing an additional 1,428 shares in the last quarter. Corient Private Wealth LLC lifted its stake in Helix Energy Solutions Group by 10.0% in the 2nd quarter. Corient Private Wealth LLC now owns 24,104 shares of the oil and gas company’s stock valued at $150,000 after purchasing an additional 2,183 shares during the last quarter. Oxford Asset Management LLP boosted its position in Helix Energy Solutions Group by 7.1% in the second quarter. Oxford Asset Management LLP now owns 45,352 shares of the oil and gas company’s stock valued at $283,000 after buying an additional 3,016 shares in the last quarter. Quarry LP bought a new stake in shares of Helix Energy Solutions Group during the fourth quarter worth $27,000. Finally, Royal Bank of Canada grew its stake in shares of Helix Energy Solutions Group by 175.9% during the fourth quarter. Royal Bank of Canada now owns 6,993 shares of the oil and gas company’s stock worth $44,000 after buying an additional 4,458 shares during the last quarter. Institutional investors own 91.33% of the company’s stock.
Analysts Set New Price Targets
Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Helix Energy Solutions Group in a research note on Monday, December 29th. Two analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $10.50.
Check Out Our Latest Report on HLX
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.