Helix Energy Solutions Group (NYSE:HLX) COO Scott Andrew Sparks Sells 40,000 Shares

Helix Energy Solutions Group, Inc. (NYSE:HLX) COO Scott Andrew Sparks sold 40,000 shares of Helix Energy Solutions Group stock in a transaction dated Monday, November 3rd. The stock was sold at an average price of $6.88, for a total value of $275,200.00. Following the sale, the chief operating officer directly owned 301,042 shares in the company, valued at approximately $2,071,168.96. The trade was a 11.73% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Helix Energy Solutions Group Stock Down 4.0%

Shares of NYSE HLX traded down $0.28 during midday trading on Tuesday, reaching $6.65. 1,624,894 shares of the company’s stock were exchanged, compared to its average volume of 1,706,498. Helix Energy Solutions Group, Inc. has a 52-week low of $5.52 and a 52-week high of $11.48. The stock has a market capitalization of $977.35 million, a PE ratio of 23.73 and a beta of 1.53. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.54 and a current ratio of 2.54. The business’s fifty day moving average price is $6.52 and its two-hundred day moving average price is $6.44.

Helix Energy Solutions Group (NYSE:HLX) last announced its earnings results on Wednesday, October 22nd. The oil and gas company reported $0.15 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.15. The business had revenue of $376.96 million for the quarter, compared to analyst estimates of $361.93 million. Helix Energy Solutions Group had a return on equity of 2.75% and a net margin of 3.25%.The firm’s revenue was up 10.1% on a year-over-year basis. Analysts forecast that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on HLX. Weiss Ratings raised Helix Energy Solutions Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Thursday, October 30th. Zacks Research lowered Helix Energy Solutions Group from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 22nd. Cowen reaffirmed a “buy” rating on shares of Helix Energy Solutions Group in a report on Friday, October 24th. Wall Street Zen raised Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a report on Saturday, October 25th. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $9.00 target price (down from $10.00) on shares of Helix Energy Solutions Group in a report on Friday, July 25th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $10.50.

Institutional Investors Weigh In On Helix Energy Solutions Group

A number of institutional investors have recently added to or reduced their stakes in HLX. Bessemer Group Inc. lifted its position in Helix Energy Solutions Group by 243.4% in the second quarter. Bessemer Group Inc. now owns 5,045 shares of the oil and gas company’s stock worth $31,000 after purchasing an additional 3,576 shares during the period. AlphaQuest LLC increased its holdings in shares of Helix Energy Solutions Group by 594,600.0% in the first quarter. AlphaQuest LLC now owns 5,947 shares of the oil and gas company’s stock valued at $49,000 after buying an additional 5,946 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of Helix Energy Solutions Group by 43.1% in the first quarter. Smartleaf Asset Management LLC now owns 7,053 shares of the oil and gas company’s stock valued at $59,000 after buying an additional 2,123 shares in the last quarter. Ballentine Partners LLC bought a new position in shares of Helix Energy Solutions Group in the third quarter valued at $70,000. Finally, Federated Hermes Inc. bought a new position in shares of Helix Energy Solutions Group in the third quarter valued at $74,000. 91.33% of the stock is currently owned by institutional investors and hedge funds.

Helix Energy Solutions Group Company Profile

Helix Energy Solutions Group, Inc, together with its subsidiaries, an offshore energy services company, provides specialty services to the offshore energy industry in Brazil, the Gulf of Mexico, the East Coast of the United States, North Sea, the Asia Pacific, and West Africa regions. The company operates through four segments: Well Intervention, Robotics, Production Facilities, and Shallow Water Abandonment segments.