Helix Energy Solutions Group, Inc. (NYSE:HLX) EVP Kenneth English Neikirk Sells 83,991 Shares

Helix Energy Solutions Group, Inc. (NYSE:HLX) EVP Kenneth English Neikirk sold 83,991 shares of the stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $9.17, for a total value of $770,197.47. Following the transaction, the executive vice president now directly owns 104,549 shares of the company’s stock, valued at approximately $958,714.33. The trade was a 44.55 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Helix Energy Solutions Group Price Performance

Helix Energy Solutions Group stock opened at $9.52 on Friday. The firm has a market capitalization of $1.45 billion, a PE ratio of 238.06 and a beta of 2.46. Helix Energy Solutions Group, Inc. has a 12-month low of $8.81 and a 12-month high of $13.05. The firm has a 50-day moving average price of $9.91 and a 200-day moving average price of $10.55. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.19.

Helix Energy Solutions Group (NYSE:HLX) last announced its earnings results on Wednesday, October 23rd. The oil and gas company reported $0.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.02. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. The business had revenue of $342.42 million during the quarter, compared to analyst estimates of $354.74 million. During the same quarter in the previous year, the business earned $0.19 earnings per share. As a group, equities research analysts forecast that Helix Energy Solutions Group, Inc. will post 0.29 EPS for the current year.

Institutional Trading of Helix Energy Solutions Group

A number of large investors have recently made changes to their positions in the stock. Assetmark Inc. purchased a new position in Helix Energy Solutions Group in the 3rd quarter worth about $33,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Helix Energy Solutions Group in the 2nd quarter worth about $45,000. Millburn Ridgefield Corp purchased a new position in shares of Helix Energy Solutions Group during the third quarter worth approximately $61,000. GAMMA Investing LLC raised its stake in shares of Helix Energy Solutions Group by 21.1% during the third quarter. GAMMA Investing LLC now owns 7,722 shares of the oil and gas company’s stock valued at $86,000 after acquiring an additional 1,343 shares in the last quarter. Finally, Paloma Partners Management Co purchased a new stake in shares of Helix Energy Solutions Group in the third quarter valued at approximately $130,000. 91.33% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. TD Cowen lowered their target price on Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Raymond James began coverage on shares of Helix Energy Solutions Group in a research report on Thursday, September 19th. They set a “strong-buy” rating and a $14.00 target price on the stock. BTIG Research cut Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research note on Thursday, October 24th. Finally, StockNews.com raised Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research note on Wednesday, December 4th.

About Helix Energy Solutions Group

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.