Helix Energy Solutions Group (NYSE:HLX) Stock Price Passes Above 200 Day Moving Average of $10.10

Helix Energy Solutions Group, Inc. (NYSE:HLXGet Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $10.10 and traded as high as $11.75. Helix Energy Solutions Group shares last traded at $11.64, with a volume of 969,054 shares.

Helix Energy Solutions Group Price Performance

The firm has a fifty day simple moving average of $10.98 and a 200 day simple moving average of $10.11. The company has a market capitalization of $1.78 billion, a PE ratio of -55.62 and a beta of 2.50. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.74 and a current ratio of 1.74.

Helix Energy Solutions Group (NYSE:HLXGet Free Report) last announced its earnings results on Wednesday, April 24th. The oil and gas company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.05). The company had revenue of $296.21 million for the quarter, compared to the consensus estimate of $303.00 million. Helix Energy Solutions Group had a negative net margin of 2.39% and a positive return on equity of 3.22%. Equities analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.39 EPS for the current year.

Insider Buying and Selling at Helix Energy Solutions Group

In other Helix Energy Solutions Group news, COO Scott Andrew Sparks sold 12,000 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $11.44, for a total transaction of $137,280.00. Following the sale, the chief operating officer now owns 282,634 shares of the company’s stock, valued at approximately $3,233,332.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 6.37% of the company’s stock.

Institutional Trading of Helix Energy Solutions Group

Institutional investors have recently made changes to their positions in the business. Glenorchy Capital Ltd acquired a new stake in shares of Helix Energy Solutions Group in the 4th quarter worth $2,695,000. Russell Investments Group Ltd. lifted its position in Helix Energy Solutions Group by 141.6% during the 4th quarter. Russell Investments Group Ltd. now owns 158,235 shares of the oil and gas company’s stock worth $1,627,000 after acquiring an additional 92,731 shares during the period. 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 lifted its position 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 acquiring an additional 55,179 shares during the period. Finally, Janney Montgomery Scott LLC acquired a new stake in Helix Energy Solutions Group during the 3rd quarter worth about $947,000. Institutional investors and hedge funds own 91.33% of the company’s stock.

Helix Energy Solutions Group Company Profile

(Get Free Report)

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.

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