Helix Energy Solutions Group (NYSE:HLX) released its earnings results on Monday. The oil and gas company reported $0.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.16 by $0.05, RTT News reports. The company had revenue of $212.61 million during the quarter, compared to the consensus estimate of $211.72 million. Helix Energy Solutions Group had a net margin of 4.27% and a return on equity of 1.93%. The company’s revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.18 EPS.
Shares of HLX traded up $0.30 during midday trading on Monday, hitting $8.31. The company had a trading volume of 1,389,263 shares, compared to its average volume of 1,119,242. The company’s 50 day moving average price is $8.16 and its 200 day moving average price is $7.91. The stock has a market cap of $1.23 billion, a price-to-earnings ratio of 43.74 and a beta of 2.80. Helix Energy Solutions Group has a 52 week low of $5.05 and a 52 week high of $10.83. The company has a quick ratio of 1.47, a current ratio of 1.47 and a debt-to-equity ratio of 0.29.
In related news, Director Nancy K. Quinn sold 12,677 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $9.58, for a total transaction of $121,445.66. Following the completion of the sale, the director now owns 104,466 shares of the company’s stock, valued at approximately $1,000,784.28. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Erik Staffeldt sold 17,027 shares of the business’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $9.50, for a total transaction of $161,756.50. Following the sale, the chief financial officer now directly owns 157,467 shares of the company’s stock, valued at approximately $1,495,936.50. The disclosure for this sale can be found here. 5.45% of the stock is currently owned by insiders.
Several equities research analysts have recently weighed in on HLX shares. ValuEngine raised shares of Helix Energy Solutions Group from a “hold” rating to a “buy” rating in a research report on Tuesday, October 15th. Zacks Investment Research raised shares of Helix Energy Solutions Group from a “hold” rating to a “buy” rating and set a $9.50 target price for the company in a research report on Friday. Four equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. Helix Energy Solutions Group presently has an average rating of “Buy” and a consensus target price of $10.17.
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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