Helix Energy Solutions Group (NYSE:HLX) Hits New 12-Month Low – Should You Sell?

Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) reached a new 52-week low during trading on Friday . The stock traded as low as $8.81 and last traded at $9.13, with a volume of 225832 shares. The stock had previously closed at $9.02.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on HLX shares. Raymond James assumed coverage on shares of Helix Energy Solutions Group in a research note on Thursday, September 19th. They issued a “strong-buy” rating and a $14.00 price objective for the company. StockNews.com raised Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research note on Wednesday, December 4th. BTIG Research lowered Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research note on Thursday, October 24th. Finally, TD Cowen dropped their target price on Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating for the company in a report on Friday, October 25th.

Helix Energy Solutions Group Stock Up 0.1 %

The firm has a market cap of $1.37 billion, a PE ratio of 225.81 and a beta of 2.45. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.29 and a current ratio of 2.29. The company’s 50-day simple moving average is $10.04 and its two-hundred day simple moving average is $10.64.

Helix Energy Solutions Group (NYSE:HLX) last posted its earnings results on Wednesday, October 23rd. The oil and gas company reported $0.19 earnings per share for the quarter, topping analysts’ consensus estimates 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 period in the prior year, the business posted $0.19 earnings per share. On average, analysts predict that Helix Energy Solutions Group, Inc. will post 0.29 earnings per share for the current fiscal year.

Insider Transactions at Helix Energy Solutions Group

In other Helix Energy Solutions Group 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 completion of the sale, the chief executive officer now directly owns 7,171,860 shares in the company, valued at $85,488,571.20. This trade represents a 3.99 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Diana Glassman sold 16,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $9.94, for a total value of $159,040.00. Following the transaction, the director now owns 26,133 shares in the company, valued at $259,762.02. This trade represents a 37.97 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 484,419 shares of company stock worth $5,394,094. 6.37% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Assetmark Inc. bought a new position in Helix Energy Solutions Group in the third quarter worth $33,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Helix Energy Solutions Group in the 2nd quarter worth about $45,000. Millburn Ridgefield Corp bought a new position in shares of Helix Energy Solutions Group in the 3rd quarter worth about $61,000. GAMMA Investing LLC lifted its position in Helix Energy Solutions Group by 21.1% during the 3rd quarter. GAMMA Investing LLC now owns 7,722 shares of the oil and gas company’s stock valued at $86,000 after acquiring an additional 1,343 shares during the period. Finally, Paloma Partners Management Co bought a new stake in Helix Energy Solutions Group during the third quarter worth about $130,000. Hedge funds and other institutional investors own 91.33% of the company’s stock.

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.