Helix Energy Solutions Group (NYSE:HLX) Stock Price Down 1.4% - Here's What Happened

Helix Energy Solutions Group, Inc. (NYSE:HLX - Get Free Report)'s share price traded down 1.4% during mid-day 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.

Wall Street Analyst Weigh In

Separately, Raymond James lowered Helix Energy Solutions Group from a "strong-buy" rating to an "outperform" rating and decreased their price objective for the stock from $14.00 to $10.00 in a research report on Friday, April 25th.

Helix Energy Solutions Group Stock Up 5.3 %

The business's 50 day simple moving average is $7.47 and its 200-day simple moving average is $8.71. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.29 and a current ratio of 2.29. The company has a market cap of $1.00 billion, a price-to-earnings ratio of 165.04 and a beta of 1.91.

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

Hedge Funds Weigh In On Helix Energy Solutions Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sunbelt Securities Inc. acquired a new stake in shares of Helix Energy Solutions Group in the 4th quarter valued at $34,000. Smartleaf Asset Management LLC lifted its position 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 worth $45,000 after buying an additional 2,902 shares during the last quarter. Quarry LP boosted its stake in shares of Helix Energy Solutions Group by 79.8% during 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 in the last quarter. KBC Group NV increased its holdings in shares of Helix Energy Solutions Group by 61.8% during the 4th quarter. KBC Group NV now owns 9,136 shares of the oil and gas company's stock valued at $85,000 after acquiring an additional 3,491 shares during the last quarter. Finally, CWM LLC lifted its holdings in Helix Energy Solutions Group by 78.0% in the 1st quarter. CWM LLC now owns 10,699 shares of the oil and gas company's stock worth $89,000 after purchasing an additional 4,688 shares during the last quarter. 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.