Helix Energy Solutions Group (NYSE:HLX) Issues Quarterly Earnings Results, Hits Estimates

Helix Energy Solutions Group (NYSE:HLX) issued its quarterly earnings data on Wednesday. The oil and gas company reported ($0.09) earnings per share for the quarter, hitting the consensus estimate of ($0.09), Zacks reports. The company had revenue of $287.95 million for the quarter, compared to analysts’ expectations of $260.89 million. Helix Energy Solutions Group had a return on equity of 2.88% and a net margin of 2.39%.The firm’s revenue was up 3.6% compared to the same quarter last year.

Helix Energy Solutions Group Price Performance

HLX stock opened at $10.23 on Thursday. The stock has a market cap of $1.51 billion, a PE ratio of 48.40 and a beta of 1.15. Helix Energy Solutions Group has a 12 month low of $5.52 and a 12 month high of $10.75. The company has a 50-day moving average price of $9.35 and a 200 day moving average price of $7.78. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.19.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of HLX. Quarry LP purchased a new position in Helix Energy Solutions Group during the 4th quarter valued at $27,000. Royal Bank of Canada lifted its position in shares of Helix Energy Solutions Group by 175.9% during the fourth quarter. Royal Bank of Canada now owns 6,993 shares of the oil and gas company’s stock worth $44,000 after purchasing an additional 4,458 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Helix Energy Solutions Group during the second quarter worth $80,000. WINTON GROUP Ltd purchased a new stake in shares of Helix Energy Solutions Group during the second quarter valued at $85,000. Finally, Graham Capital Management L.P. purchased a new stake in shares of Helix Energy Solutions Group during the fourth quarter valued at $85,000. Hedge funds and other institutional investors own 91.33% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of Helix Energy Solutions Group in a research report on Monday, December 29th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $10.50.

Helix Energy Solutions Group Company Profile

Helix Energy Solutions Group, Inc (NYSE: HLX) is a Houston-based provider of offshore well intervention and robotics services to the global energy industry. The company specializes in extending the productive life of subsea wells through hydraulic workover systems, coiled tubing operations and riser-based wireline services. In addition, Helix offers remotely operated vehicle (ROV) support, inspection, maintenance and repair for subsea infrastructure.

Operating through three core business segments—Well Intervention, Robotics & Subsea Services and Production Facilities—Helix deploys purpose-built vessels, specialized equipment and engineering expertise to execute complex offshore projects.