Wall Street brokerages forecast that Helix Energy Solutions Group, Inc. (NYSE:HLX) will announce earnings of ($0.01) per share for the current quarter, according to Zacks. Two analysts have provided estimates for Helix Energy Solutions Group’s earnings, with the highest EPS estimate coming in at $0.00 and the lowest estimate coming in at ($0.02). Helix Energy Solutions Group reported earnings per share of ($0.05) during the same quarter last year, which suggests a positive year-over-year growth rate of 80%. The company is expected to report its next earnings results on Monday, February 19th.

On average, analysts expect that Helix Energy Solutions Group will report full-year earnings of ($0.14) per share for the current year, with EPS estimates ranging from ($0.16) to ($0.10). For the next year, analysts expect that the firm will post earnings of $0.13 per share, with EPS estimates ranging from $0.05 to $0.21. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Helix Energy Solutions Group.

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

Several equities research analysts recently issued reports on the stock. Piper Jaffray Companies reissued a “hold” rating on shares of Helix Energy Solutions Group in a report on Friday, October 27th. Zacks Investment Research lowered shares of Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a report on Tuesday, October 24th. Capital One Financial reissued an “overweight” rating on shares of Helix Energy Solutions Group in a report on Tuesday, October 10th. Cowen set a $9.00 target price on shares of Helix Energy Solutions Group and gave the stock a “buy” rating in a report on Friday, October 6th. Finally, Bank of America assumed coverage on shares of Helix Energy Solutions Group in a report on Tuesday, September 5th. They issued a “neutral” rating and a $7.00 target price for the company. Three 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 company’s stock. Helix Energy Solutions Group has an average rating of “Hold” and an average target price of $8.55.

In other Helix Energy Solutions Group news, Director Nancy K. Quinn sold 11,268 shares of the stock in a transaction that occurred on Thursday, November 9th. The shares were sold at an average price of $7.44, for a total transaction of $83,833.92. Following the completion of the sale, the director now directly owns 104,107 shares of the company’s stock, valued at approximately $774,556.08. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Anthony Tripodo sold 6,466 shares of the stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $6.92, for a total transaction of $44,744.72. Following the sale, the executive vice president now directly owns 318,937 shares of the company’s stock, valued at $2,207,044.04. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,734 shares of company stock valued at $196,079. Insiders own 5.70% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Green Square Capital LLC grew its holdings in 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 buying an additional 359 shares in the last quarter. Amalgamated Bank grew its holdings in 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 buying an additional 683 shares in the last quarter. Texas Permanent School Fund grew its holdings in 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 buying an additional 833 shares in the last quarter. Keybank National Association OH grew its holdings in 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 valued at $874,000 after buying an additional 1,620 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan grew its holdings in 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 valued at $183,000 after buying an additional 1,920 shares in the last quarter. 86.04% of the stock is owned by institutional investors and hedge funds.

Helix Energy Solutions Group (NYSE HLX) traded up $0.21 during midday trading on Tuesday, hitting $6.71. 1,450,100 shares of the stock traded hands, compared to its average volume of 2,010,225. Helix Energy Solutions Group has a 12-month low of $4.82 and a 12-month high of $11.16. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.26.

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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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