Helix Energy Solutions Group (HLX) Expected to Announce Earnings on Monday

Helix Energy Solutions Group (NYSE:HLX) is anticipated to post its quarterly earnings results after the market closes on Monday, February 24th. Analysts expect Helix Energy Solutions Group to post earnings of $0.09 per share and revenue of $311.66 million for the quarter. Individual that wish to listen to the company’s earnings conference call can do so using this link.

Helix Energy Solutions Group Stock Performance

HLX opened at $7.91 on Friday. The firm has a market cap of $1.20 billion, a P/E ratio of 197.67 and a beta of 2.43. Helix Energy Solutions Group has a 1-year low of $7.76 and a 1-year high of $13.05. The company has a 50 day simple moving average of $8.72 and a two-hundred day simple moving average of $9.76. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.29 and a quick ratio of 2.29.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. StockNews.com upgraded shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th. TD Cowen dropped their price target on shares of Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, October 25th.

Insider Transactions at Helix Energy Solutions Group

In other news, Director Diana Glassman sold 16,000 shares of the business’s stock in a transaction on Tuesday, December 10th. The shares were 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 of the company’s stock, valued at approximately $259,762.02. The trade was a 37.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Scott Andrew Sparks sold 170,000 shares of the company’s stock in a transaction on Tuesday, December 10th. The shares were sold at an average price of $9.87, for a total transaction of $1,677,900.00. Following the sale, the chief operating officer now directly owns 112,634 shares in the company, valued at approximately $1,111,697.58. The trade was a 60.15 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 269,991 shares of company stock valued at $2,607,137. 6.37% of the stock is currently owned by corporate insiders.

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.