Helix Energy Solutions Group (NYSE:HLX) Shares Down 1.4% - Should You Sell?

Helix Energy Solutions Group, Inc. (NYSE:HLX - Get Free Report)'s stock price fell 1.4% during trading on Monday . The stock traded as low as $6.08 and last traded at $6.21. 656,669 shares changed hands during mid-day trading, a decline of 63% from the average session volume of 1,794,885 shares. The stock had previously closed at $6.29.

Analysts Set New Price Targets

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, April 25th.

Helix Energy Solutions Group Price Performance

The business's 50 day simple moving average is $7.54 and its 200-day simple moving average is $8.76. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $926.61 million, a price-to-earnings ratio of 152.66 and a beta of 1.91.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last announced 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 business had revenue of $278.06 million during the quarter, compared to the consensus estimate of $285.06 million. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. On average, research analysts forecast that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in HLX. Teacher Retirement System of Texas bought a new position in shares of Helix Energy Solutions Group in the 1st quarter worth about $382,000. Acuitas Investments LLC increased its holdings in Helix Energy Solutions Group by 21.1% in the first quarter. Acuitas Investments LLC now owns 416,006 shares of the oil and gas company's stock worth $3,457,000 after purchasing an additional 72,604 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Helix Energy Solutions Group by 54.0% in the first quarter. Allspring Global Investments Holdings LLC now owns 43,163 shares of the oil and gas company's stock valued at $359,000 after buying an additional 15,135 shares during the period. Pacific Global Investment Management Co. boosted its holdings in shares of Helix Energy Solutions Group by 0.5% during the 1st quarter. Pacific Global Investment Management Co. now owns 414,733 shares of the oil and gas company's stock worth $3,446,000 after buying an additional 2,007 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its position in shares of Helix Energy Solutions Group by 420.9% during the 1st quarter. Exchange Traded Concepts LLC now owns 32,525 shares of the oil and gas company's stock worth $270,000 after buying an additional 26,281 shares during the period. 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.