Helix Energy Solutions Group, Inc. (NYSE:HLX) Short Interest Update

Helix Energy Solutions Group, Inc. (NYSE:HLX) saw a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 6,610,000 shares, a growth of 16.4% from the October 15th total of 5,680,000 shares. Based on an average daily volume of 1,910,000 shares, the short-interest ratio is currently 3.5 days. Currently, 4.6% of the shares of the stock are short sold.

Helix Energy Solutions Group Stock Down 3.5 %

HLX stock opened at $9.95 on Monday. The stock has a market capitalization of $1.51 billion, a PE ratio of 248.81 and a beta of 2.43. Helix Energy Solutions Group has a 52 week low of $8.82 and a 52 week high of $13.05. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.19. The firm has a 50 day moving average of $10.10 and a 200 day moving average of $10.84.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings data on Wednesday, October 23rd. The oil and gas company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.17 by $0.02. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. The business had revenue of $342.42 million for the quarter, compared to the consensus estimate of $354.74 million. During the same period in the prior year, the firm earned $0.19 EPS. Sell-side analysts forecast that Helix Energy Solutions Group will post 0.29 earnings per share for the current year.

Analyst Ratings Changes

Several research firms recently commented on HLX. BTIG Research downgraded shares of Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research note on Thursday, October 24th. TD Cowen reduced their target price on shares of Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. StockNews.com raised Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research note on Saturday, November 2nd. Finally, Raymond James initiated coverage on Helix Energy Solutions Group in a report on Thursday, September 19th. They set a “strong-buy” rating and a $14.00 price objective on the stock.

Insider Buying and Selling

In other news, CEO Owen E. Kratz sold 298,419 shares of the firm’s stock in a transaction that occurred on Thursday, October 3rd. The stock was sold at an average price of $11.92, for a total value of $3,557,154.48. Following the completion of the sale, the chief executive officer now directly owns 7,171,860 shares of the company’s stock, valued at $85,488,571.20. This trade represents a 3.99 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.37% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the company. Assetmark Inc. acquired a new stake in Helix Energy Solutions Group in the 3rd quarter valued at $33,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Helix Energy Solutions Group in the second quarter valued at about $45,000. Millburn Ridgefield Corp purchased a new stake in shares of Helix Energy Solutions Group during the third quarter worth about $61,000. GAMMA Investing LLC raised its position in shares of Helix Energy Solutions Group by 24.0% during the 2nd quarter. GAMMA Investing LLC now owns 6,379 shares of the oil and gas company’s stock worth $76,000 after purchasing an additional 1,236 shares during the last quarter. Finally, CWM LLC lifted its stake in Helix Energy Solutions Group by 10.4% in the 2nd quarter. CWM LLC now owns 9,043 shares of the oil and gas company’s stock valued at $108,000 after buying an additional 850 shares in the last quarter. Institutional investors and hedge funds own 91.33% of the company’s stock.

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.