Helix Energy Solutions Group (NYSE:HLX) Trading 0.2% Higher - What's Next?

Helix Energy Solutions Group, Inc. (NYSE:HLX - Get Free Report) shares rose 0.2% during trading on Tuesday . The company traded as high as $6.58 and last traded at $6.52. Approximately 169,100 shares were traded during trading, a decline of 90% from the average daily volume of 1,778,035 shares. The stock had previously closed at $6.50.

Helix Energy Solutions Group Trading Up 4.8 %

The stock has a market capitalization of $1.04 billion, a P/E ratio of 170.89 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 stock's fifty day moving average price is $7.79 and its 200 day moving average price is $8.97.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last released its quarterly earnings results on Monday, February 24th. The oil and gas company reported $0.13 EPS for the quarter, topping the consensus estimate of $0.09 by $0.04. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. The firm had revenue of $355.13 million during the quarter, compared to analyst estimates of $311.66 million. Research analysts forecast 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 have recently modified their holdings of the company. Sunbelt Securities Inc. acquired a new stake in Helix Energy Solutions Group in the 4th quarter valued at about $34,000. Smartleaf Asset Management LLC grew its stake in shares of Helix Energy Solutions Group by 143.1% in the fourth quarter. Smartleaf Asset Management LLC now owns 4,930 shares of the oil and gas company's stock valued at $45,000 after buying an additional 2,902 shares in the last quarter. Quarry LP lifted its position in shares of 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 in the last quarter. KBC Group NV boosted its position in Helix Energy Solutions Group by 61.8% in the 4th quarter. KBC Group NV now owns 9,136 shares of the oil and gas company's stock valued at $85,000 after buying an additional 3,491 shares during the period. Finally, Vontobel Holding Ltd. purchased a new position in Helix Energy Solutions Group in the fourth quarter valued at $93,000. 91.33% of the stock is owned by hedge funds and other institutional investors.

Helix Energy Solutions Group Company Profile

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.