Equities research analysts expect that Helix Energy Solutions Group, Inc. (NYSE:HLX) will report earnings per share of $0.02 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Helix Energy Solutions Group’s earnings. The highest EPS estimate is $0.05 and the lowest is ($0.02). Helix Energy Solutions Group reported earnings of $0.10 per share during the same quarter last year, which would suggest a negative year-over-year growth rate of 80%. The business is scheduled to report its next quarterly earnings report on Wednesday, October 18th.

According to Zacks, analysts expect that Helix Energy Solutions Group will report full year earnings of ($0.15) per share for the current year, with EPS estimates ranging from ($0.24) to ($0.09). For the next financial year, analysts forecast that the company will report earnings of $0.18 per share, with EPS estimates ranging from $0.10 to $0.28. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Helix Energy Solutions Group.

Helix Energy Solutions Group (NYSE:HLX) last posted its earnings results on Sunday, July 23rd. The oil and gas company reported ($0.04) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.03) by $0.01. Helix Energy Solutions Group had a negative net margin of 12.09% and a negative return on equity of 1.21%. The company had revenue of $150.30 million during the quarter, compared to analyst estimates of $141.03 million. During the same period in the previous year, the company earned ($0.10) EPS. The company’s quarterly revenue was up 40.2% compared to the same quarter last year.

HLX has been the subject of a number of recent research reports. Cowen and Company reiterated a “buy” rating and set a $10.00 price objective on shares of Helix Energy Solutions Group in a research report on Tuesday, July 11th. Zacks Investment Research upgraded Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research report on Thursday, July 27th. Bank of America Corporation assumed coverage on Helix Energy Solutions Group in a report on Tuesday. They issued a “neutral” rating and a $7.00 price target for the company. Morgan Stanley restated an “overweight” rating and issued a $8.00 price target (down previously from $15.00) on shares of Helix Energy Solutions Group in a report on Wednesday, June 21st. Finally, ValuEngine cut Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. Helix Energy Solutions Group currently has an average rating of “Hold” and an average price target of $9.59.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. grew its holdings in Helix Energy Solutions Group by 31,634.0% in the 1st quarter. BlackRock Inc. now owns 17,588,903 shares of the oil and gas company’s stock valued at $136,665,000 after buying an additional 17,533,477 shares during the period. Vanguard Group Inc. grew its holdings in Helix Energy Solutions Group by 3.9% in the 2nd quarter. Vanguard Group Inc. now owns 13,135,138 shares of the oil and gas company’s stock valued at $74,082,000 after buying an additional 487,976 shares during the period. Dimensional Fund Advisors LP grew its holdings in Helix Energy Solutions Group by 9.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 12,407,257 shares of the oil and gas company’s stock valued at $69,976,000 after buying an additional 1,065,628 shares during the period. GMT Capital Corp grew its holdings in Helix Energy Solutions Group by 10.5% in the 2nd quarter. GMT Capital Corp now owns 8,209,023 shares of the oil and gas company’s stock valued at $42,441,000 after buying an additional 777,000 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in Helix Energy Solutions Group by 4.5% in the 2nd quarter. Victory Capital Management Inc. now owns 6,082,041 shares of the oil and gas company’s stock valued at $34,303,000 after buying an additional 259,463 shares during the period. Institutional investors own 86.89% of the company’s stock.

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Helix Energy Solutions Group (NYSE:HLX) traded down 5.01% on Friday, reaching $6.44. 1,105,950 shares of the company’s stock were exchanged. The company’s market capitalization is $951.08 million. Helix Energy Solutions Group has a 1-year low of $4.82 and a 1-year high of $11.87. The company has a 50 day moving average price of $6.17 and a 200-day moving average price of $6.37.

Helix Energy Solutions Group Company Profile

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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Earnings History and Estimates for Helix Energy Solutions Group (NYSE:HLX)

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