Wall Street brokerages forecast that Helix Energy Solutions Group, Inc. (NYSE:HLX) will announce $163.85 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Helix Energy Solutions Group’s earnings, with the lowest sales estimate coming in at $156.30 million and the highest estimate coming in at $171.40 million. Helix Energy Solutions Group posted sales of $128.03 million during the same quarter last year, which indicates a positive year-over-year growth rate of 28%. The company is scheduled to issue its next quarterly earnings report on Monday, February 19th.

On average, analysts expect that Helix Energy Solutions Group will report full year sales of $163.85 million for the current year, with estimates ranging from $574.40 million to $585.40 million. For the next year, analysts forecast that the business will post sales of $712.76 million per share, with estimates ranging from $672.20 million to $739.80 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Helix Energy Solutions Group.

Helix Energy Solutions Group (NYSE:HLX) last released its earnings results on Monday, October 23rd. The oil and gas company reported $0.02 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.02. The company had revenue of $163.30 million during the quarter, compared to analysts’ expectations of $168.97 million. Helix Energy Solutions Group had a negative return on equity of 1.80% and a negative net margin of 13.72%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.10 EPS.

A number of research analysts have issued reports on HLX shares. Cowen and Company reiterated a “buy” rating and set a $10.00 price objective on shares of Helix Energy Solutions Group in a research note on Tuesday, July 11th. Zacks Investment Research upgraded Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. BidaskClub cut Helix Energy Solutions Group from a “sell” rating to a “strong sell” rating in a research note on Friday, August 18th. Bank of America Corporation started coverage on Helix Energy Solutions Group in a research note on Tuesday, September 5th. They set a “neutral” rating and a $7.00 price objective for the company. Finally, Piper Jaffray Companies cut Helix Energy Solutions Group from an “overweight” rating to a “neutral” rating and lifted their price objective for the company from $7.00 to $7.30 in a research note on Wednesday, September 27th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $9.33.

In other news, COO Scott Andrew Sparks sold 10,000 shares of the business’s stock in a transaction on Tuesday, October 31st. The stock was sold at an average price of $6.75, for a total value of $67,500.00. Following the completion of the transaction, the chief operating officer now owns 151,530 shares in the company, valued at $1,022,827.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Anthony Tripodo sold 6,466 shares of the business’s stock in a transaction on Wednesday, October 25th. The stock was sold at an average price of $6.92, for a total value of $44,744.72. Following the completion of the transaction, the executive vice president now owns 318,937 shares of the company’s stock, valued at approximately $2,207,044.04. The disclosure for this sale can be found here. 5.70% of the stock is owned by insiders.

Hedge funds have recently bought and sold shares of the company. Amalgamated Bank raised its stake in shares of Helix Energy Solutions Group by 3.8% in the second quarter. Amalgamated Bank now owns 18,427 shares of the oil and gas company’s stock worth $104,000 after purchasing an additional 683 shares during the last quarter. Green Square Capital LLC raised its stake in shares of Helix Energy Solutions Group by 1.7% in the second quarter. Green Square Capital LLC now owns 21,392 shares of the oil and gas company’s stock worth $121,000 after purchasing an additional 359 shares during the last quarter. Tudor Investment Corp ET AL purchased a new position in shares of Helix Energy Solutions Group in the first quarter worth $129,000. GSA Capital Partners LLP purchased a new position in shares of Helix Energy Solutions Group in the second quarter worth $151,000. Finally, State of Alaska Department of Revenue raised its stake in shares of Helix Energy Solutions Group by 77.8% in the second quarter. State of Alaska Department of Revenue now owns 26,960 shares of the oil and gas company’s stock worth $152,000 after purchasing an additional 11,800 shares during the last quarter. Hedge funds and other institutional investors own 87.02% of the company’s stock.

Helix Energy Solutions Group (NYSE:HLX) opened at $7.50 on Tuesday. Helix Energy Solutions Group has a one year low of $4.82 and a one year high of $11.87. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.02 and a quick ratio of 2.02.

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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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