Helix Energy Solutions Group (NYSE:HLX) Shares Down 4% - Here's What Happened

Key Points

• Shares of Helix Energy Solutions Group (NYSE:HLX) fell 4% to $6.69, with trading volume down 89% from the average daily volume.
• Analysts have mixed views on HLX, with Zacks Research upgrading it to a "hold" rating, while Wall Street Zen downgraded it to a "sell," showing a lack of consensus among experts.
• The company reported a loss of $0.02 per share in its last earnings, missing expectations, and had a revenue of $302.29 million, below the consensus estimate.

Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Get Free Report) dropped 4% on Monday . The company traded as low as $6.66 and last traded at $6.69. Approximately 182,021 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 1,730,796 shares. The stock had previously closed at $6.96.

Wall Street Analysts Forecast Growth

HLX has been the topic of a number of analyst reports. Zacks Research raised Helix Energy Solutions Group from a "strong sell" rating to a "hold" rating in a research note on Monday, September 22nd. Raymond James Financial reaffirmed an "outperform" rating and set a $9.00 price objective (down previously from $10.00) on shares of Helix Energy Solutions Group in a research note on Friday, July 25th. Finally, Wall Street Zen downgraded Helix Energy Solutions Group from a "hold" rating to a "sell" rating in a research note on Saturday, July 26th. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $12.00.

Helix Energy Solutions Group Price Performance

The company has a market cap of $987.04 million, a P/E ratio of 20.99 and a beta of 1.65. The company has a fifty day moving average price of $6.24 and a two-hundred day moving average price of $6.63. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.19 and a current ratio of 2.19.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The oil and gas company reported ($0.02) earnings per share for the quarter, missing the consensus estimate of $0.01 by ($0.03). The company had revenue of $302.29 million during the quarter, compared to the consensus estimate of $326.62 million. Helix Energy Solutions Group had a net margin of 3.92% and a return on equity of 3.23%. Helix Energy Solutions Group has set its FY 2025 guidance at EPS. On average, sell-side analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Helix Energy Solutions Group

A number of hedge funds and other institutional investors have recently bought and sold shares of HLX. Bessemer Group Inc. grew its holdings in Helix Energy Solutions Group by 243.4% during the second quarter. Bessemer Group Inc. now owns 5,045 shares of the oil and gas company's stock worth $31,000 after purchasing an additional 3,576 shares during the period. AlphaQuest LLC grew its holdings in 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 purchasing an additional 5,946 shares during the period. Smartleaf Asset Management LLC grew its holdings in 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 purchasing an additional 2,123 shares during the period. XTX Topco Ltd bought a new position in Helix Energy Solutions Group during the second quarter worth about $80,000. Finally, Inceptionr LLC bought a new position in Helix Energy Solutions Group during the second quarter worth about $84,000. Institutional investors own 91.33% of the company's stock.

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.

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