Helix Energy Solutions Group (NYSE:HLX) Announces Earnings Results, Beats Expectations By $0.04 EPS

Helix Energy Solutions Group (NYSE:HLX) issued its quarterly earnings results on Monday. The oil and gas company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.09 by $0.04, Zacks reports. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%.

Helix Energy Solutions Group Trading Down 0.6 %

HLX traded down $0.04 during trading on Monday, hitting $7.85. 1,642,151 shares of the company’s stock were exchanged, compared to its average volume of 1,263,250. Helix Energy Solutions Group has a 1 year low of $7.76 and a 1 year high of $13.05. The stock has a 50 day moving average price of $8.72 and a 200 day moving average price of $9.75. The firm has a market cap of $1.19 billion, a P/E ratio of 196.20 and a beta of 2.43. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.19.

Insider Activity at Helix Energy Solutions Group

In other news, Director Diana Glassman sold 16,000 shares of the stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $9.94, for a total value of $159,040.00. Following the completion of the sale, the director now owns 26,133 shares in the company, valued at approximately $259,762.02. This trade represents a 37.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kenneth English Neikirk sold 83,991 shares of Helix Energy Solutions Group stock in a transaction that occurred on Monday, December 30th. The shares were sold at an average price of $9.17, for a total transaction of $770,197.47. Following the sale, the executive vice president now owns 104,549 shares in the company, valued at $958,714.33. This represents a 44.55 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 269,991 shares of company stock worth $2,607,137. 6.37% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a report 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.