Helix Energy Solutions Group, Inc. (NYSE:HLX) Short Interest Up 6.2% in November

Helix Energy Solutions Group, Inc. (NYSE:HLX) saw a large growth in short interest in November. As of November 15th, there was short interest totalling 7,020,000 shares, a growth of 6.2% from the October 31st total of 6,610,000 shares. Approximately 4.9% of the company’s stock are short sold. Based on an average daily volume of 1,990,000 shares, the days-to-cover ratio is currently 3.5 days.

Helix Energy Solutions Group Trading Down 1.0 %

Shares of HLX stock opened at $10.62 on Thursday. The company has a 50 day moving average of $10.35 and a 200-day moving average of $10.78. 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 has a 12-month low of $8.82 and a 12-month high of $13.05. The firm has a market cap of $1.61 billion, a P/E ratio of 265.44 and a beta of 2.45.

Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings results on Wednesday, October 23rd. The oil and gas company reported $0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.02. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. The company had revenue of $342.42 million during the quarter, compared to analyst estimates of $354.74 million. During the same quarter last year, the business posted $0.19 EPS. Sell-side analysts anticipate that Helix Energy Solutions Group will post 0.29 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. TD Cowen dropped their price target on shares of Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Raymond James assumed coverage on shares of Helix Energy Solutions Group in a research report on Thursday, September 19th. They issued a “strong-buy” rating and a $14.00 price target on the stock. StockNews.com raised shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, BTIG Research lowered shares of Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research note on Thursday, October 24th.

Insider Transactions at Helix Energy Solutions Group

In related news, CEO Owen E. Kratz sold 298,419 shares of the firm’s stock in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $11.92, for a total value of $3,557,154.48. Following the transaction, the chief executive officer now owns 7,171,860 shares of the company’s stock, valued at approximately $85,488,571.20. This trade represents a 3.99 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 6.37% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of HLX. Assetmark Inc. purchased a new position in Helix Energy Solutions Group in the 3rd quarter valued at approximately $33,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Helix Energy Solutions Group in the 2nd quarter valued at approximately $45,000. Millburn Ridgefield Corp purchased a new position in Helix Energy Solutions Group in the 3rd quarter valued at approximately $61,000. GAMMA Investing LLC boosted its holdings in Helix Energy Solutions Group by 24.0% in the 2nd quarter. GAMMA Investing LLC now owns 6,379 shares of the oil and gas company’s stock valued at $76,000 after purchasing an additional 1,236 shares during the period. Finally, CWM LLC boosted its holdings in Helix Energy Solutions Group by 10.4% in the 2nd quarter. CWM LLC now owns 9,043 shares of the oil and gas company’s stock valued at $108,000 after purchasing an additional 850 shares during the period. 91.33% of the stock is currently owned by hedge funds and other 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.