Insider Selling: Alisa B. Johnson Sells 3,500 Shares of Helix Energy Solutions Group Stock (HLX)
Helix Energy Solutions Group (NYSE:HLX) VP Alisa B. Johnson sold 3,500 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $24.75, for a total value of $86,625.00. Following the completion of the sale, the vice president now directly owns 118,757 shares of the company’s stock, valued at approximately $2,939,236. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Helix Energy Solutions Group (NYSE:HLX) traded up 2.34% on Monday, hitting $25.40. 1,216,211 shares of the company’s stock traded hands. Helix Energy Solutions Group has a 1-year low of $19.44 and a 1-year high of $27.58. The stock’s 50-day moving average is $23. and its 200-day moving average is $22.66. The company has a market cap of $2.681 billion and a P/E ratio of 16.28.
Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings results on Monday, April 21st. The company reported $0.40 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.33 by $0.07. The company had revenue of $253.57 million for the quarter, compared to the consensus estimate of $227.65 million. During the same quarter last year, the company posted $0.26 earnings per share. Helix Energy Solutions Group’s revenue was up 28.4% compared to the same quarter last year. Analysts expect that Helix Energy Solutions Group will post $1.66 EPS for the current fiscal year.
Separately, analysts at Zacks upgraded shares of Helix Energy Solutions Group from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 29th. They now have a $24.90 price target on the stock. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $26.30.
Helix Energy Solutions Group, Inc(NYSE:HLX) is an international offshore energy company that provides specialty services to the offshore energy industry, with a focus on its growing well intervention and robotics operations.
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