Helix Energy Solutions Group (NYSE:HLX) Trading 4.9% Higher – Here’s What Happened

Helix Energy Solutions Group, Inc. (NYSE:HLX) shares were up 4.9% on Thursday . The company traded as high as $6.81 and last traded at $6.84. Approximately 421,119 shares traded hands during mid-day trading, a decline of 76% from the average daily volume of 1,776,981 shares. The stock had previously closed at $6.52.

Helix Energy Solutions Group Price Performance

The stock has a 50-day moving average price of $7.84 and a 200 day moving average price of $9.05. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 171.17 and a beta of 1.91. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.29 and a quick ratio of 2.29.

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

Institutional Trading of Helix Energy Solutions Group

Several hedge funds and other institutional investors have recently made changes to their positions in HLX. Sunbelt Securities Inc. acquired a new position in Helix Energy Solutions Group during the 4th quarter worth approximately $34,000. Smartleaf Asset Management LLC raised its position in Helix Energy Solutions Group by 143.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,930 shares of the oil and gas company’s stock worth $45,000 after acquiring an additional 2,902 shares in the last quarter. Quarry LP lifted its holdings in Helix Energy Solutions Group by 79.8% in the fourth quarter. Quarry LP now owns 4,776 shares of the oil and gas company’s stock valued at $45,000 after acquiring an additional 2,120 shares during the period. KBC Group NV boosted its position in shares of Helix Energy Solutions Group by 61.8% during the 4th quarter. KBC Group NV now owns 9,136 shares of the oil and gas company’s stock worth $85,000 after purchasing an additional 3,491 shares in the last quarter. Finally, Vontobel Holding Ltd. acquired a new position in shares of Helix Energy Solutions Group during the 4th quarter worth $93,000. Hedge funds and other institutional investors 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.