Helix Energy Solutions Group (NYSE:HLX) Releases Earnings Results, Misses Estimates By $0.03 EPS

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) announced its quarterly earnings results on Wednesday. The oil and gas company reported ($0.02) EPS for the quarter, missing analysts' consensus estimates of $0.01 by ($0.03), Zacks reports. Helix Energy Solutions Group had a net margin of 3.92% and a return on equity of 3.24%. The company had revenue of $302.29 million during the quarter, compared to the consensus estimate of $326.62 million. Helix Energy Solutions Group updated its FY 2025 guidance to EPS.

Helix Energy Solutions Group Price Performance

HLX stock traded up $0.18 during mid-day trading on Friday, hitting $6.17. The stock had a trading volume of 2,064,056 shares, compared to its average volume of 1,827,674. The firm has a market capitalization of $934.18 million, a P/E ratio of 19.27 and a beta of 1.57. The company has a current ratio of 2.28, a quick ratio of 2.28 and a debt-to-equity ratio of 0.20. Helix Energy Solutions Group has a 52 week low of $5.52 and a 52 week high of $12.89. The firm has a fifty day simple moving average of $6.54 and a 200 day simple moving average of $7.33.

Analysts Set New Price Targets

Separately, Raymond James Financial restated an "outperform" rating and issued a $9.00 target price (down previously from $10.00) on shares of Helix Energy Solutions Group in a research note on Friday.

Institutional Trading of Helix Energy Solutions Group

A number of large investors have recently bought and sold shares of HLX. Strs Ohio bought a new position in Helix Energy Solutions Group during the 1st quarter valued at $89,000. Caxton Associates LLP bought a new position in shares of Helix Energy Solutions Group in the first quarter valued at approximately $184,000. AQR Capital Management LLC increased its position in shares of Helix Energy Solutions Group by 530.1% during the 1st quarter. AQR Capital Management LLC now owns 235,208 shares of the oil and gas company's stock valued at $1,955,000 after purchasing an additional 197,882 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Helix Energy Solutions Group by 9.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 373,201 shares of the oil and gas company's stock valued at $3,101,000 after purchasing an additional 32,643 shares during the last quarter. Finally, Jane Street Group LLC increased its position in shares of Helix Energy Solutions Group by 1,836.3% during the 1st quarter. Jane Street Group LLC now owns 378,195 shares of the oil and gas company's stock valued at $3,143,000 after purchasing an additional 358,663 shares during the last quarter. 91.33% of the stock is currently owned by institutional investors and hedge funds.

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.