Helix Energy Solutions Group (NYSE:HLX) Shares Up 4.8% - Here's What Happened

Helix Energy Solutions Group, Inc. (NYSE:HLX - Get Free Report)'s stock price rose 4.8% during trading on Friday . The stock traded as high as $6.92 and last traded at $6.83. Approximately 1,534,289 shares were traded during mid-day trading, a decline of 14% from the average daily volume of 1,782,033 shares. The stock had previously closed at $6.52.

Helix Energy Solutions Group Stock Performance

The company's 50-day simple moving average is $7.75 and its 200 day simple moving average is $8.93. The stock has a market cap of $988.73 million, a P/E ratio of 163.17 and a beta of 1.91. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.19.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last posted its quarterly earnings data on Monday, February 24th. The oil and gas company reported $0.13 earnings per share 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 business had revenue of $355.13 million for the quarter, compared to analysts' expectations of $311.66 million. As a group, sell-side analysts expect that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current fiscal year.

Institutional Trading of Helix Energy Solutions Group

Several hedge funds have recently added to or reduced their stakes in HLX. CoreCommodity Management LLC increased its stake in shares of Helix Energy Solutions Group by 1.4% during the 4th quarter. CoreCommodity Management LLC now owns 129,776 shares of the oil and gas company's stock worth $1,210,000 after purchasing an additional 1,780 shares during the last quarter. PNC Financial Services Group Inc. lifted its position in shares of Helix Energy Solutions Group by 6.2% during the 4th quarter. PNC Financial Services Group Inc. now owns 33,553 shares of the oil and gas company's stock valued at $313,000 after buying an additional 1,950 shares during the last quarter. MetLife Investment Management LLC grew its stake in shares of Helix Energy Solutions Group by 2.4% during the 4th quarter. MetLife Investment Management LLC now owns 85,270 shares of the oil and gas company's stock worth $795,000 after acquiring an additional 1,995 shares during the period. 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 acquiring an additional 2,120 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in Helix Energy Solutions Group by 143.1% in 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 during the period. Institutional investors own 91.33% of the company's stock.

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.