Helix Energy Solutions Group (NYSE:HLX) Reaches New 52-Week Low – Time to Sell?

Helix Energy Solutions Group, Inc. (NYSE:HLX) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $7.75 and last traded at $7.81, with a volume of 57415 shares trading hands. The stock had previously closed at $7.97.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th.

Helix Energy Solutions Group Price Performance

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 stock has a market cap of $1.17 billion, a PE ratio of 191.95 and a beta of 2.43. The firm’s fifty day moving average price is $8.63 and its 200 day moving average price is $9.67.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings results on Monday, February 24th. The oil and gas company reported $0.13 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.04. The firm had revenue of $355.13 million for the quarter, compared to analysts’ expectations of $311.66 million. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. As a group, equities analysts expect that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current fiscal year.

Insider Buying and Selling at Helix Energy Solutions Group

In other news, Director Diana Glassman sold 16,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $9.94, for a total value of $159,040.00. Following the transaction, the director now owns 26,133 shares of the company’s stock, valued at approximately $259,762.02. The trade was a 37.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kenneth English Neikirk sold 83,991 shares of the business’s stock in a transaction on Monday, December 30th. The stock was 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. The trade was a 44.55 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 269,991 shares of company stock valued at $2,607,137 over the last quarter. 6.37% of the stock is owned by company insiders.

Institutional Investors Weigh In On Helix Energy Solutions Group

A number of institutional investors have recently modified their holdings of HLX. Vanguard Group Inc. raised its position in shares of Helix Energy Solutions Group by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 14,049,438 shares of the oil and gas company’s stock worth $130,941,000 after buying an additional 343,673 shares in the last quarter. State Street Corp grew its holdings in Helix Energy Solutions Group by 3.8% during the third quarter. State Street Corp now owns 6,664,257 shares of the oil and gas company’s stock valued at $73,973,000 after purchasing an additional 246,577 shares during the last quarter. Pacer Advisors Inc. boosted its stake in Helix Energy Solutions Group by 16.4% during the 4th quarter. Pacer Advisors Inc. now owns 6,546,820 shares of the oil and gas company’s stock valued at $61,016,000 after purchasing an additional 923,477 shares during the period. American Century Companies Inc. lifted its position in shares of Helix Energy Solutions Group by 10.2% in the 4th quarter. American Century Companies Inc. now owns 4,727,037 shares of the oil and gas company’s stock worth $44,056,000 after acquiring an additional 437,814 shares during the period. Finally, Encompass Capital Advisors LLC grew its stake in shares of Helix Energy Solutions Group by 66.2% in the 4th quarter. Encompass Capital Advisors LLC now owns 4,103,295 shares of the oil and gas company’s stock valued at $38,243,000 after purchasing an additional 1,634,764 shares during the period. 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.