Helix Energy Solutions Group (NYSE:HLX) Hits New 1-Year Low - Should You Sell?

Helix Energy Solutions Group, Inc. (NYSE:HLX - Get Free Report)'s share price reached a new 52-week low on Thursday . The stock traded as low as $5.66 and last traded at $6.23, with a volume of 330224 shares changing hands. The stock had previously closed at $6.61.

Wall Street Analyst Weigh In

Separately, Raymond James cut Helix Energy Solutions Group from a "strong-buy" rating to an "outperform" rating and reduced their price objective for the stock from $14.00 to $10.00 in a report on Friday.

Helix Energy Solutions Group Trading Down 2.4 %

The company has a market capitalization of $930.39 million, a price-to-earnings ratio of 153.54 and a beta of 1.91. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.29 and a quick ratio of 2.29. The business's 50-day moving average price is $7.62 and its two-hundred day moving average price is $8.81.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last posted its quarterly earnings results on Wednesday, April 23rd. 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. The business had revenue of $278.06 million for the quarter, compared to analyst estimates of $285.06 million. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. Research analysts predict that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current year.

Institutional Investors Weigh In On Helix Energy Solutions Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sunbelt Securities Inc. acquired a new stake in Helix Energy Solutions Group in the fourth quarter valued at approximately $34,000. Smartleaf Asset Management LLC boosted its holdings in shares of Helix Energy Solutions Group by 143.1% during the 4th quarter. Smartleaf Asset Management LLC now owns 4,930 shares of the oil and gas company's stock valued at $45,000 after acquiring an additional 2,902 shares in the last quarter. Quarry LP increased its holdings in Helix Energy Solutions Group by 79.8% in the 4th 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 in the last quarter. KBC Group NV raised its position in Helix Energy Solutions Group by 61.8% in the fourth quarter. KBC Group NV now owns 9,136 shares of the oil and gas company's stock valued at $85,000 after purchasing an additional 3,491 shares during the last quarter. Finally, Vontobel Holding Ltd. acquired a new stake in shares of Helix Energy Solutions Group during the fourth quarter valued at about $93,000. 91.33% of the stock is owned by institutional investors.

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.