Helix Energy Solutions Group, Inc. (NYSE:HLX) Issues Earnings Results
Helix Energy Solutions Group, Inc. (NYSE:HLX) announced its earnings results on Sunday. The oil and gas company reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by $0.01, Briefing.com reports. Helix Energy Solutions Group had a negative return on equity of 1.58% and a negative net margin of 13.98%. The firm had revenue of $150.30 million during the quarter, compared to the consensus estimate of $141.03 million. During the same quarter in the prior year, the firm posted ($0.10) earnings per share. The business’s revenue for the quarter was up 40.2% compared to the same quarter last year.
Helix Energy Solutions Group (HLX) traded up 5.499% during midday trading on Tuesday, reaching $6.235. The company’s stock had a trading volume of 616,154 shares. The stock’s 50 day moving average is $5.49 and its 200 day moving average is $6.83. Helix Energy Solutions Group has a 12-month low of $4.82 and a 12-month high of $11.87. The stock’s market cap is $909.94 million.
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Several research firms have recently issued reports on HLX. Cowen and Company restated an “outperform” rating and set a $9.00 price objective (down previously from $10.00) on shares of Helix Energy Solutions Group in a report on Tuesday. Zacks Investment Research downgraded shares of Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a report on Monday, June 26th. Morgan Stanley restated an “overweight” rating and set a $8.00 price objective (down previously from $15.00) on shares of Helix Energy Solutions Group in a report on Wednesday, June 21st. ValuEngine downgraded shares of Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Finally, Tudor Pickering upgraded shares of Helix Energy Solutions Group from a “hold” rating to a “buy” rating in a report on Monday, April 3rd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company’s stock. Helix Energy Solutions Group currently has a consensus rating of “Buy” and a consensus target price of $9.96.
About Helix Energy Solutions Group
Helix Energy Solutions Group, Inc is an international offshore energy services company. The Company provides services to the offshore energy industry, with a focus on well intervention and robotics operations. The Company operates in three segments: Well Intervention, Robotics and Production Facilities.
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