Scott Andrew Sparks Sells 12,000 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) Stock

Helix Energy Solutions Group, Inc. (NYSE:HLX) COO Scott Andrew Sparks sold 12,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $11.44, for a total transaction of $137,280.00. Following the completion of the sale, the chief operating officer now owns 282,634 shares in the company, valued at $3,233,332.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Helix Energy Solutions Group Price Performance

Helix Energy Solutions Group stock traded up $0.19 during midday trading on Wednesday, hitting $11.56. The company’s stock had a trading volume of 1,602,467 shares, compared to its average volume of 1,722,294. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.21. The stock’s 50-day moving average price is $10.63 and its 200-day moving average price is $10.03. Helix Energy Solutions Group, Inc. has a 12 month low of $6.18 and a 12 month high of $12.14. The company has a market capitalization of $1.76 billion, a PE ratio of -54.14 and a beta of 2.50.

Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings results on Wednesday, April 24th. The oil and gas company reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.02 by ($0.05). Helix Energy Solutions Group had a positive return on equity of 3.22% and a negative net margin of 2.39%. The business had revenue of $296.21 million during the quarter, compared to the consensus estimate of $303.00 million. Analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.44 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Helix Energy Solutions Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Glenorchy Capital Ltd acquired a new stake in Helix Energy Solutions Group during the 4th quarter worth about $2,695,000. Illinois Municipal Retirement Fund acquired a new stake in Helix Energy Solutions Group during the 3rd quarter worth about $884,000. Brandywine Global Investment Management LLC raised its holdings in Helix Energy Solutions Group by 13.7% during the 3rd quarter. Brandywine Global Investment Management LLC now owns 458,365 shares of the oil and gas company’s stock worth $5,120,000 after buying an additional 55,179 shares during the period. Janney Montgomery Scott LLC acquired a new stake in Helix Energy Solutions Group during the 3rd quarter worth about $947,000. Finally, Nierenberg Investment Management Company Inc. raised its holdings in Helix Energy Solutions Group by 105.9% during the 3rd quarter. Nierenberg Investment Management Company Inc. now owns 155,555 shares of the oil and gas company’s stock worth $1,738,000 after buying an additional 80,000 shares during the period. 91.33% of the stock is currently owned by institutional investors.

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.