Helix Energy Solutions Group (NYSE:HLX) Stock Price Down 3.7% - Here's Why

Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX - Get Free Report) were down 3.7% on Monday . The stock traded as low as $6.60 and last traded at $6.59. Approximately 240,007 shares changed hands during trading, a decline of 86% from the average daily volume of 1,755,902 shares. The stock had previously closed at $6.84.

Analyst Ratings Changes

Separately, Raymond James cut Helix Energy Solutions Group from a "strong-buy" rating to an "outperform" rating and decreased their target price for the company from $14.00 to $10.00 in a research report on Friday.

Helix Energy Solutions Group Trading Down 4.4 %

The business's 50 day simple moving average is $7.62 and its two-hundred day simple moving average is $8.84. The stock has a market cap of $953.12 million, a P/E 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.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last issued its quarterly earnings data 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 return on equity of 4.39% and a net margin of 0.54%. The business had revenue of $278.06 million for the quarter, compared to analyst estimates of $285.06 million. As a group, analysts expect that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Barclays PLC raised its position in shares of Helix Energy Solutions Group by 269.0% during the third quarter. Barclays PLC now owns 306,482 shares of the oil and gas company's stock worth $3,402,000 after acquiring an additional 223,432 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Helix Energy Solutions Group by 0.8% in 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 purchasing an additional 25,432 shares during the period. Principal Financial Group Inc. boosted its stake in shares of 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 purchasing an additional 575,450 shares during the last quarter. Diversified Trust Co increased its position in shares of Helix Energy Solutions Group by 12.6% during the fourth quarter. Diversified Trust Co now owns 55,568 shares of the oil and gas company's stock worth $518,000 after buying an additional 6,220 shares during the period. Finally, KBC Group NV raised its stake in Helix Energy Solutions Group by 61.8% during the fourth quarter. KBC Group NV now owns 9,136 shares of the oil and gas company's stock worth $85,000 after buying an additional 3,491 shares during the last quarter. 91.33% of the stock is owned by institutional investors.

Helix Energy Solutions Group Company Profile

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.