Helix Energy Solutions Group (NYSE:HLX - Get Free Report) released its quarterly earnings results on Wednesday. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.07, Zacks reports. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. The firm had revenue of $278.06 million for the quarter, compared to the consensus estimate of $285.06 million.
Helix Energy Solutions Group Stock Performance
Shares of HLX traded down $0.29 during mid-day trading on Friday, hitting $6.29. The stock had a trading volume of 2,915,366 shares, compared to its average volume of 1,799,145. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.19. The company has a market cap of $953.12 million, a PE ratio of 157.29 and a beta of 1.91. Helix Energy Solutions Group has a fifty-two week low of $5.66 and a fifty-two week high of $13.05. The company's fifty day simple moving average is $7.62 and its two-hundred day simple moving average is $8.81.
Wall Street Analysts Forecast Growth
Separately, Raymond James cut Helix Energy Solutions Group from a "strong-buy" rating to an "outperform" rating and reduced their target price for the company from $14.00 to $10.00 in a research note on Friday.
Read Our Latest Research Report on Helix Energy Solutions Group
Helix Energy Solutions Group Company Profile
(
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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.
Further Reading
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