Helix Energy Solutions Group (NYSE:HLX) Trading Down 0.4% - Should You Sell?

Helix Energy Solutions Group, Inc. (NYSE:HLX - Get Free Report)'s stock price traded down 0.4% on Wednesday . The company traded as low as $6.03 and last traded at $6.18. 570,706 shares were traded during mid-day trading, a decline of 68% from the average session volume of 1,811,660 shares. The stock had previously closed at $6.20.

Wall Street Analyst Weigh In

Separately, Raymond James downgraded shares of Helix Energy Solutions Group from a "strong-buy" rating to an "outperform" rating and dropped their price target for the company from $14.00 to $10.00 in a report on Friday, April 25th.

Helix Energy Solutions Group Stock Up 5.3 %

The company has a market cap of $1.00 billion, a P/E ratio of 165.04 and a beta of 1.91. 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 company has a fifty day moving average of $7.43 and a 200 day moving average of $8.66.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last released its quarterly earnings results 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 firm had revenue of $278.06 million during the quarter, compared to analyst estimates 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 anticipate that Helix Energy Solutions Group, Inc. will post 0.26 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Helix Energy Solutions Group

A number of hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its position in shares of Helix Energy Solutions Group by 2.5% during the 4th quarter. Vanguard Group Inc. now owns 14,049,438 shares of the oil and gas company's stock valued at $130,941,000 after purchasing an additional 343,673 shares during the period. Pacer Advisors Inc. lifted its position in shares of Helix Energy Solutions Group by 16.4% in the fourth quarter. Pacer Advisors Inc. now owns 6,546,820 shares of the oil and gas company's stock valued at $61,016,000 after acquiring an additional 923,477 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Helix Energy Solutions Group by 10.2% in the fourth quarter. American Century Companies Inc. now owns 4,727,037 shares of the oil and gas company's stock worth $44,056,000 after acquiring an additional 437,814 shares during the period. Encompass Capital Advisors LLC grew its position in shares of Helix Energy Solutions Group by 66.2% during the fourth quarter. Encompass Capital Advisors LLC now owns 4,103,295 shares of the oil and gas company's stock worth $38,243,000 after purchasing an additional 1,634,764 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in shares of Helix Energy Solutions Group by 13.7% during the fourth quarter. Wellington Management Group LLP now owns 3,282,202 shares of the oil and gas company's stock worth $30,590,000 after purchasing an additional 396,666 shares in 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.