Insider Selling: Anthony Tripodo Sells 4,557 Shares of Helix Energy Solutions Group Stock (HLX)
Helix Energy Solutions Group (NYSE:HLX) CFO Anthony Tripodo sold 4,557 shares of Helix Energy Solutions Group stock in a transaction dated Wednesday, August 27th. The shares were sold at an average price of $26.75, for a total transaction of $121,899.75. Following the completion of the sale, the chief financial officer now directly owns 182,164 shares of the company’s stock, valued at approximately $4,872,887. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Helix Energy Solutions Group from an “outperform” rating to a “neutral” rating in a research note on Thursday, August 21st. They now have a $30.10 price target on the stock. Separately, 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. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Helix Energy Solutions Group currently has an average rating of “Buy” and a consensus target price of $29.78.
Shares of Helix Energy Solutions Group (NYSE:HLX) traded up 0.48% during mid-day trading on Thursday, hitting $27.02. The stock had a trading volume of 360,734 shares. 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 $25.70 and its 200-day moving average is $24.10. The company has a market cap of $2.852 billion and a P/E ratio of 14.79.
Helix Energy Solutions Group (NYSE:HLX) last announced its 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.
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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