Helix Energy Solutions Group, Inc. (NYSE:HLX - Get Free Report)'s share price hit a new 52-week low during trading on Thursday following a dissappointing earnings announcement. The company traded as low as $5.52 and last traded at $6.01, with a volume of 2550043 shares changing hands. The stock had previously closed at $6.96.
The oil and gas company reported ($0.02) EPS for the quarter, missing the consensus estimate of $0.01 by ($0.03). Helix Energy Solutions Group had a net margin of 6.34% and a return on equity of 5.54%. The business had revenue of $302.29 million during the quarter, compared to analysts' expectations of $326.62 million.
Wall Street Analyst Weigh In
Separately, Raymond James Financial lowered shares of Helix Energy Solutions Group from a "strong-buy" rating to an "outperform" rating and cut their price objective for the stock from $14.00 to $10.00 in a report on Friday, April 25th.
View Our Latest Research Report on HLX
Institutional Investors Weigh In On Helix Energy Solutions Group
A number of hedge funds and other institutional investors have recently modified their holdings of HLX. Sunbelt Securities Inc. acquired a new position in Helix Energy Solutions Group during the fourth quarter worth about $34,000. Quarry LP boosted its position in Helix Energy Solutions Group by 79.8% during the fourth quarter. Quarry LP now owns 4,776 shares of the oil and gas company's stock worth $45,000 after purchasing an additional 2,120 shares during the period. AlphaQuest LLC lifted its holdings in shares of Helix Energy Solutions Group by 594,600.0% during the first quarter. AlphaQuest LLC now owns 5,947 shares of the oil and gas company's stock worth $49,000 after buying an additional 5,946 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in shares of Helix Energy Solutions Group by 43.1% during the first quarter. Smartleaf Asset Management LLC now owns 7,053 shares of the oil and gas company's stock worth $59,000 after buying an additional 2,123 shares during the last quarter. Finally, CWM LLC lifted its holdings in shares of Helix Energy Solutions Group by 78.0% during the first quarter. CWM LLC now owns 10,699 shares of the oil and gas company's stock worth $89,000 after buying an additional 4,688 shares during the last quarter. 91.33% of the stock is currently owned by institutional investors.
Helix Energy Solutions Group Trading Down 13.3%
The business has a fifty day moving average price of $6.56 and a 200 day moving average price of $7.35. The company has a debt-to-equity ratio of 0.20, a current ratio of 2.28 and a quick ratio of 2.28. The company has a market capitalization of $914.48 million, a price-to-earnings ratio of 10.95 and a beta of 1.57.
About Helix Energy Solutions Group
(
Get Free Report)
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.
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