Brokerages expect Helix Energy Solutions Group Inc (NYSE:HLX) to post sales of $203.56 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Helix Energy Solutions Group’s earnings, with the lowest sales estimate coming in at $198.00 million and the highest estimate coming in at $208.68 million. Helix Energy Solutions Group posted sales of $163.26 million in the same quarter last year, which suggests a positive year over year growth rate of 24.7%. The firm is scheduled to announce its next earnings results on Monday, October 22nd.
On average, analysts expect that Helix Energy Solutions Group will report full year sales of $742.88 million for the current financial year, with estimates ranging from $735.80 million to $752.84 million. For the next financial year, analysts anticipate that the firm will post sales of $777.99 million per share, with estimates ranging from $752.00 million to $805.28 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Helix Energy Solutions Group.
Helix Energy Solutions Group (NYSE:HLX) last posted its earnings results on Monday, July 23rd. The oil and gas company reported $0.12 EPS for the quarter, beating the Zacks’ consensus estimate of $0.07 by $0.05. The company had revenue of $204.63 million for the quarter, compared to the consensus estimate of $183.54 million. Helix Energy Solutions Group had a return on equity of 1.05% and a net margin of 9.79%. The company’s revenue for the quarter was up 36.1% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.03) earnings per share.
Several research analysts have recently issued reports on the company. ValuEngine cut Helix Energy Solutions Group from a “buy” rating to a “hold” rating in a research report on Friday, September 7th. Zacks Investment Research raised Helix Energy Solutions Group from a “hold” rating to a “buy” rating and set a $10.00 target price for the company in a research report on Thursday, July 26th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $9.20.
In other news, CEO Owen E. Kratz sold 271,532 shares of Helix Energy Solutions Group stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $10.09, for a total transaction of $2,739,757.88. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 5.85% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. Energy Opportunities Capital Management LLC boosted its position in shares of Helix Energy Solutions Group by 116.1% during the second quarter. Energy Opportunities Capital Management LLC now owns 700,480 shares of the oil and gas company’s stock worth $5,835,000 after buying an additional 376,390 shares during the period. Global X Management Co LLC bought a new stake in Helix Energy Solutions Group during the second quarter worth approximately $4,574,000. Guinness Asset Management Ltd increased its holdings in shares of Helix Energy Solutions Group by 13.1% in the second quarter. Guinness Asset Management Ltd now owns 660,295 shares of the oil and gas company’s stock valued at $5,500,000 after buying an additional 76,600 shares in the last quarter. Jane Street Group LLC bought a new position in shares of Helix Energy Solutions Group in the second quarter valued at $448,000. Finally, Waddell & Reed Financial Inc. bought a new position in shares of Helix Energy Solutions Group in the second quarter valued at $8,628,000. Institutional investors own 89.48% of the company’s stock.
HLX traded up $0.06 on Friday, hitting $9.07. 34,426 shares of the company were exchanged, compared to its average volume of 752,350. Helix Energy Solutions Group has a twelve month low of $5.44 and a twelve month high of $10.41. The stock has a market capitalization of $1.36 billion, a price-to-earnings ratio of -60.47 and a beta of 2.56. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.50 and a quick ratio of 2.50.
Helix Energy Solutions Group Company Profile
Helix Energy Solutions Group, Inc, an offshore energy services company, provides specialty services to the offshore energy industry primarily in Brazil, the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. The company operates through three segments: Well Intervention, Robotics, and Production Facilities.
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