Insider Selling: Anthony Tripodo Sells 8,178 Shares of Helix Energy Solutions Group Stock (HLX)
Helix Energy Solutions Group (NYSE:HLX) CFO Anthony Tripodo unloaded 8,178 shares of Helix Energy Solutions Group stock on the open market in a transaction dated Friday, June 6th. The stock was sold at an average price of $24.60, for a total value of $201,178.80. Following the sale, the chief financial officer now directly owns 191,721 shares in the company, valued at approximately $4,716,337. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Helix Energy Solutions Group (NYSE:HLX) traded down 1.06% during mid-day trading on Tuesday, hitting $25.13. 260,964 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 has a 50-day moving average of $23.45 and a 200-day moving average of $22.68. The company has a market cap of $2.652 billion and a price-to-earnings ratio of 16.66.
Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings results on Monday, April 21st. The company reported $0.40 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was up 28.4% on a year-over-year basis. 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 analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Helix Energy Solutions Group currently has a consensus rating of “Buy” and an average 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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