Helix Energy Solutions Group (NYSE:HLX) Trading Down 0.9% - Here's Why

Helix Energy Solutions Group, Inc. (NYSE:HLX - Get Free Report)'s stock price traded down 0.9% during mid-day trading on Tuesday . The company traded as low as $6.32 and last traded at $6.48. 175,053 shares traded hands during trading, a decline of 90% from the average session volume of 1,778,761 shares. The stock had previously closed at $6.54.

Analysts Set New Price Targets

Separately, Raymond James lowered shares of 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 report on Friday.

Helix Energy Solutions Group Stock Down 4.4 %

The firm has a market cap of $953.12 million, a PE ratio of 157.29 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 business has a 50-day moving average price of $7.62 and a two-hundred day moving average price of $8.82.

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

Institutional Trading of Helix Energy Solutions Group

A number of institutional investors have recently bought and sold shares of HLX. Sunbelt Securities Inc. purchased a new position in Helix Energy Solutions Group in the fourth quarter valued at approximately $34,000. Quarry LP boosted its holdings in shares of 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 valued at $45,000 after buying an additional 2,120 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in shares of 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 buying an additional 2,902 shares in the last quarter. KBC Group NV grew its position in shares of Helix Energy Solutions Group by 61.8% in the 4th quarter. KBC Group NV now owns 9,136 shares of the oil and gas company's stock valued at $85,000 after buying an additional 3,491 shares during the last quarter. Finally, Vontobel Holding Ltd. acquired a new stake in Helix Energy Solutions Group during the 4th quarter worth $93,000. 91.33% of the stock is owned by hedge funds and other 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.