Insider Selling: Helix Energy Solutions Group Director Sells 10,000 Shares of Stock (HLX)
Helix Energy Solutions Group (NYSE:HLX) Director Nancy K. Quinn unloaded 10,000 shares of the stock on the open market in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $25.66, for a total value of $256,600.00. Following the transaction, the director now directly owns 83,763 shares of the company’s stock, valued at approximately $2,149,359. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Helix Energy Solutions Group (NYSE:HLX) traded up 1.92% on Tuesday, hitting $26.60. 612,663 shares of the company’s stock traded hands. Helix Energy Solutions Group has a one year low of $19.44 and a one year high of $28.00. The stock’s 50-day moving average is $25.59 and its 200-day moving average is $23.79. The company has a market cap of $2.807 billion and a P/E ratio of 14.36.
Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings results on Monday, July 21st. The company reported $0.55 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.42 by $0.13. The company had revenue of $305.60 million for the quarter, compared to the consensus estimate of $267.02 million. During the same quarter last year, the company posted $0.26 earnings per share. Helix Energy Solutions Group’s revenue was up 31.6% compared to the same quarter last year. Analysts expect that Helix Energy Solutions Group will post $1.76 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Raymond James raised their price target on shares of Helix Energy Solutions Group from $30.00 to $31.00 in a research note on Wednesday, July 23rd. They now have an “outperform” rating on the stock. Separately, analysts at Zacks upgraded shares of Helix Energy Solutions Group from a “neutral” rating to an “outperform” rating in a research note on Wednesday, July 23rd. They now have a $28.70 price target on the stock. Finally, analysts at Johnson Rice raised their price target on shares of Helix Energy Solutions Group from $27.00 to $31.00 in a research note on Wednesday, July 23rd. They now have an “overweight” rating on the stock. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $29.43.
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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