Helix Energy Solutions Group (NYSE:HLX) Trading Down 3% - What's Next?

Helix Energy Solutions Group, Inc. (NYSE:HLX - Get Free Report)'s share price dropped 3% on Friday . The company traded as low as $6.25 and last traded at $6.39. Approximately 497,017 shares traded hands during mid-day trading, a decline of 72% from the average daily volume of 1,796,807 shares. The stock had previously closed at $6.58.

Analyst Upgrades and Downgrades

Separately, Raymond James downgraded 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.

Helix Energy Solutions Group Stock Performance

The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.19. The firm has a market cap of $937.21 million, a PE ratio of 154.66 and a beta of 1.91. The stock's 50 day moving average price is $7.58 and its 200 day moving average price is $8.78.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last released its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $0.02 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.07. The company had revenue of $278.06 million for the quarter, compared to analyst estimates of $285.06 million. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. As a group, equities analysts forecast that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of Helix Energy Solutions Group by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 14,049,438 shares of the oil and gas company's stock worth $130,941,000 after acquiring an additional 343,673 shares in the last quarter. Pacer Advisors Inc. raised its stake in shares of Helix Energy Solutions Group by 16.4% in the 4th quarter. Pacer Advisors Inc. now owns 6,546,820 shares of the oil and gas company's stock valued at $61,016,000 after purchasing an additional 923,477 shares in the last quarter. American Century Companies Inc. grew its stake in Helix Energy Solutions Group by 10.2% in the fourth quarter. American Century Companies Inc. now owns 4,727,037 shares of the oil and gas company's stock worth $44,056,000 after purchasing an additional 437,814 shares in the last quarter. Encompass Capital Advisors LLC raised its stake in Helix Energy Solutions Group by 66.2% during the fourth quarter. Encompass Capital Advisors LLC now owns 4,103,295 shares of the oil and gas company's stock valued at $38,243,000 after buying an additional 1,634,764 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in shares of Helix Energy Solutions Group by 13.7% in the 4th quarter. Wellington Management Group LLP now owns 3,282,202 shares of the oil and gas company's stock worth $30,590,000 after acquiring an additional 396,666 shares in the last quarter. 91.33% of the stock is 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.