Helix Energy Solutions Group, Inc. (NYSE:HLX) – Equities researchers at Capital One Financial Corporation boosted their Q4 2018 earnings per share estimates for Helix Energy Solutions Group in a report released on Tuesday. Capital One Financial Corporation analyst J. Gibney now anticipates that the oil and gas company will earn $0.04 per share for the quarter, up from their prior forecast of $0.03. Capital One Financial Corporation has a “Overweight” rating on the stock.

A number of other brokerages have also issued reports on HLX. Piper Jaffray Companies lowered Helix Energy Solutions Group from an “overweight” rating to a “neutral” rating and lifted their target price for the company from $7.00 to $7.30 in a research report on Wednesday, September 27th. Zacks Investment Research lowered Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. BidaskClub raised Helix Energy Solutions Group from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Cowen and Company reaffirmed a “buy” rating and set a $9.00 price target on shares of Helix Energy Solutions Group in a research report on Friday, September 1st. Finally, Bank of America Corporation assumed coverage on Helix Energy Solutions Group in a research report on Tuesday, September 5th. They set a “neutral” rating and a $7.00 price target on the stock. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $8.55.

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Shares of Helix Energy Solutions Group (NYSE:HLX) traded up $0.13 during trading on Thursday, reaching $6.98. The company had a trading volume of 876,900 shares, compared to its average volume of 2,045,071. Helix Energy Solutions Group has a 1-year low of $4.82 and a 1-year high of $11.87. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.26.

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

In related 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 sale, the chief operating officer now directly owns 151,530 shares in the company, valued at approximately $1,022,827.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 shares were sold at an average price of $6.92, for a total value of $44,744.72. Following the completion of the sale, the executive vice president now owns 318,937 shares of the company’s stock, valued at $2,207,044.04. The disclosure for this sale can be found here. Insiders have sold a total of 27,734 shares of company stock valued at $196,079 over the last quarter. 5.70% of the stock is currently owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the company. Green Square Capital LLC lifted its position in shares of Helix Energy Solutions Group by 1.7% during the 2nd quarter. Green Square Capital LLC now owns 21,392 shares of the oil and gas company’s stock valued at $121,000 after acquiring an additional 359 shares during the period. Amalgamated Bank lifted its position in shares of Helix Energy Solutions Group by 3.8% during the 2nd quarter. Amalgamated Bank now owns 18,427 shares of the oil and gas company’s stock valued at $104,000 after acquiring an additional 683 shares during the period. Texas Permanent School Fund lifted its position in shares of Helix Energy Solutions Group by 0.8% during the 2nd quarter. Texas Permanent School Fund now owns 100,257 shares of the oil and gas company’s stock valued at $565,000 after acquiring an additional 833 shares during the period. Keybank National Association OH raised its holdings in shares of Helix Energy Solutions Group by 1.1% during the 2nd quarter. Keybank National Association OH now owns 155,000 shares of the oil and gas company’s stock worth $874,000 after buying an additional 1,620 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan raised its holdings in shares of Helix Energy Solutions Group by 6.3% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 32,420 shares of the oil and gas company’s stock worth $183,000 after buying an additional 1,920 shares in the last quarter. Hedge funds and other institutional investors own 86.31% of the company’s stock.

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.

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

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