Helix Energy Solutions Group (HLX) Set to Announce Quarterly Earnings on Monday

Helix Energy Solutions Group (NYSE:HLX) is scheduled to issue its quarterly earnings data after the market closes on Monday, October 21st. Analysts expect the company to announce earnings of $0.18 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings results on Wednesday, July 24th. The oil and gas company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.04). The company had revenue of $201.73 million during the quarter, compared to the consensus estimate of $203.99 million. Helix Energy Solutions Group had a return on equity of 1.93% and a net margin of 4.27%. The company’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same period last year, the business posted $0.12 EPS. On average, analysts expect Helix Energy Solutions Group to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Shares of NYSE HLX opened at $8.01 on Friday. The company has a market cap of $1.19 billion, a price-to-earnings ratio of 42.16 and a beta of 2.80. Helix Energy Solutions Group has a 12-month low of $5.05 and a 12-month high of $10.83. The company has a current ratio of 1.47, a quick ratio of 1.47 and a debt-to-equity ratio of 0.29. The stock’s 50 day simple moving average is $8.11 and its 200 day simple moving average is $7.91.

In related news, CFO Erik Staffeldt sold 17,027 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $9.50, for a total value of $161,756.50. Following the sale, the chief financial officer now directly owns 157,467 shares in the company, valued at approximately $1,495,936.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Nancy K. Quinn sold 12,677 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $9.58, for a total value of $121,445.66. Following the completion of the sale, the director now owns 104,466 shares in the company, valued at $1,000,784.28. The disclosure for this sale can be found here. 5.45% of the stock is owned by company insiders.

HLX has been the topic of several recent research reports. ValuEngine raised Helix Energy Solutions Group from a “hold” rating to a “buy” rating in a report on Tuesday, October 15th. Zacks Investment Research raised Helix Energy Solutions Group from a “hold” rating to a “buy” rating and set a $9.50 price target on the stock in a report on Friday. Four investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $10.17.

About Helix Energy Solutions Group

Helix Energy Solutions Group, Inc, an offshore energy services company, provides specialty services to the offshore energy industry primarily in Brazil, the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. The company operates through three segments: Well Intervention, Robotics, and Production Facilities.

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Earnings History for Helix Energy Solutions Group (NYSE:HLX)

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