Helix Energy Solutions Group (NYSE:HLX) Trading 3.1% Higher - Here's Why

Helix Energy Solutions Group, Inc. (NYSE:HLX - Get Free Report) was up 3.1% on Wednesday . The stock traded as high as $6.64 and last traded at $6.59. Approximately 213,603 shares were traded during mid-day trading, a decline of 88% from the average daily volume of 1,776,129 shares. The stock had previously closed at $6.39.

Helix Energy Solutions Group Trading Up 4.8 %

The firm has a market cap of $1.04 billion, a price-to-earnings 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 business has a 50-day moving average of $7.79 and a 200-day moving average of $8.97.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last posted its quarterly earnings results 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 firm had revenue of $355.13 million for the quarter, compared to analyst estimates of $311.66 million. Research analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current year.

Institutional Investors Weigh In On Helix Energy Solutions Group

Institutional investors and hedge funds have recently modified their holdings of the company. Barclays PLC raised its stake in Helix Energy Solutions Group by 269.0% in the third quarter. Barclays PLC now owns 306,482 shares of the oil and gas company's stock valued at $3,402,000 after buying an additional 223,432 shares during the period. Geode Capital Management LLC increased its holdings in shares of Helix Energy Solutions Group by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,286,917 shares of the oil and gas company's stock worth $36,492,000 after acquiring an additional 25,432 shares during the last quarter. Principal Financial Group Inc. raised its stake in Helix Energy Solutions Group by 38.6% in the 3rd quarter. Principal Financial Group Inc. now owns 2,064,809 shares of the oil and gas company's stock valued at $22,919,000 after acquiring an additional 575,450 shares during the period. Diversified Trust Co lifted its holdings in Helix Energy Solutions Group by 12.6% during the 4th quarter. Diversified Trust Co now owns 55,568 shares of the oil and gas company's stock valued at $518,000 after purchasing an additional 6,220 shares during the last quarter. Finally, KBC Group NV lifted its holdings in 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 purchasing an additional 3,491 shares during the last quarter. 91.33% of the stock is owned by institutional investors.

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.