Helix Energy Solutions Group, Inc. (HLX) Posts Quarterly Earnings Results
Helix Energy Solutions Group, Inc. (NYSE:HLX) issued its quarterly earnings data on Sunday. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.02, Briefing.com reports. The company had revenue of $163.30 million for the quarter, compared to analyst estimates of $168.97 million. Helix Energy Solutions Group had a negative return on equity of 1.21% and a negative net margin of 12.09%. The business’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.10 earnings per share.
Shares of Helix Energy Solutions Group (HLX) traded down 0.56% during midday trading on Tuesday, hitting $7.07. 235,736 shares of the stock traded hands. The firm has a 50-day moving average price of $7.32 and a 200 day moving average price of $6.29. Helix Energy Solutions Group has a one year low of $4.82 and a one year high of $11.87. The stock’s market cap is $1.04 billion.
Several brokerages have issued reports on HLX. BidaskClub lowered Helix Energy Solutions Group from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Cowen and Company reiterated a “buy” rating and set a $10.00 target price on shares of Helix Energy Solutions Group in a research note on Tuesday, July 11th. Bank of America Corporation started coverage on shares of Helix Energy Solutions Group in a research note on Tuesday, September 5th. They set a “neutral” rating and a $7.00 target price for the company. Zacks Investment Research upgraded shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Finally, Capital One Financial Corporation reiterated an “overweight” rating on shares of Helix Energy Solutions Group in a research note on Tuesday, October 10th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $9.33.
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.
Receive News & Ratings for Helix Energy Solutions Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Helix Energy Solutions Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.