Short Interest in Helix Energy Solutions Group, Inc. (NYSE:HLX) Decreases By 6.0%

Helix Energy Solutions Group, Inc. (NYSE:HLX - Get Free Report) saw a large decrease in short interest in the month of April. As of April 30th, there was short interest totalling 3,430,000 shares, a decrease of 6.0% from the April 15th total of 3,650,000 shares. Based on an average daily volume of 1,710,000 shares, the days-to-cover ratio is presently 2.0 days. Approximately 2.4% of the shares of the stock are sold short.

Helix Energy Solutions Group Price Performance

HLX stock traded up $0.04 during trading on Friday, hitting $11.68. The stock had a trading volume of 902,906 shares, compared to its average volume of 1,689,217. Helix Energy Solutions Group has a twelve month low of $6.18 and a twelve month high of $12.14. The company's 50-day moving average price is $10.94 and its two-hundred day moving average price is $10.10. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.74 and a quick ratio of 1.74. The stock has a market capitalization of $1.78 billion, a P/E ratio of -55.47 and a beta of 2.50.

Helix Energy Solutions Group (NYSE:HLX - Get Free Report) last issued its quarterly earnings results on Wednesday, April 24th. The oil and gas company reported ($0.03) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.02 by ($0.05). Helix Energy Solutions Group had a positive return on equity of 3.22% and a negative net margin of 2.39%. The firm had revenue of $296.21 million during the quarter, compared to analyst estimates of $303.00 million. As a group, research analysts predict that Helix Energy Solutions Group will post 0.39 EPS for the current fiscal year.

Insider Buying and Selling

In other news, COO Scott Andrew Sparks sold 12,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $11.44, for a total transaction of $137,280.00. Following the transaction, the chief operating officer now owns 282,634 shares in the company, valued at approximately $3,233,332.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 6.37% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Helix Energy Solutions Group

A number of hedge funds have recently modified their holdings of HLX. Vanguard Group Inc. boosted its stake in Helix Energy Solutions Group by 1.2% during the first quarter. Vanguard Group Inc. now owns 13,366,874 shares of the oil and gas company's stock worth $144,897,000 after buying an additional 152,413 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Helix Energy Solutions Group by 4.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 10,906,292 shares of the oil and gas company's stock valued at $112,118,000 after acquiring an additional 489,105 shares during the last quarter. Wellington Management Group LLP grew its holdings in shares of Helix Energy Solutions Group by 99.9% in the fourth quarter. Wellington Management Group LLP now owns 3,107,643 shares of the oil and gas company's stock valued at $31,947,000 after purchasing an additional 1,552,693 shares during the period. Public Employees Retirement Association of Colorado increased its position in Helix Energy Solutions Group by 33,636.3% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 1,902,392 shares of the oil and gas company's stock worth $19,557,000 after purchasing an additional 1,896,753 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in Helix Energy Solutions Group by 0.9% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,720,717 shares of the oil and gas company's stock worth $17,689,000 after purchasing an additional 15,952 shares during the period. 91.33% of the stock is currently owned by institutional investors and hedge funds.

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.

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