Equities analysts forecast that Helix Energy Solutions Group, Inc. (NYSE:HLX) will report sales of $157.65 million for the current fiscal 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 $157.50 million and the highest estimate coming in at $157.80 million. Helix Energy Solutions Group posted sales of $128.03 million in the same quarter last year, which suggests a positive year-over-year growth rate of 23.1%. The firm is scheduled to issue its next earnings results on Monday, February 19th.

According to Zacks, analysts expect that Helix Energy Solutions Group will report full-year sales of $157.65 million for the current fiscal year, with estimates ranging from $575.70 million to $580.67 million. For the next financial year, analysts forecast that the company will post sales of $712.20 million per share, with estimates ranging from $674.30 million to $736.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that cover Helix Energy Solutions Group.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings results on Monday, October 23rd. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.02. The business had revenue of $163.30 million for 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 quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.10 earnings per share.

HLX has been the topic of a number of recent analyst reports. BidaskClub cut Helix Energy Solutions Group from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Cowen restated a “buy” rating and set a $9.00 target price on shares of Helix Energy Solutions Group in a report on Friday, September 1st. Bank of America initiated coverage on Helix Energy Solutions Group in a report on Tuesday, September 5th. They set a “neutral” rating and a $7.00 target price on the stock. Piper Jaffray Companies cut Helix Energy Solutions Group from an “overweight” rating to a “neutral” rating and raised their target price for the stock from $7.00 to $7.30 in a report on Wednesday, September 27th. Finally, Capital One Financial restated an “overweight” rating on shares of Helix Energy Solutions Group in a report on Tuesday, October 10th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $8.55.

In other news, EVP Anthony Tripodo sold 6,466 shares of Helix Energy Solutions Group stock in a transaction dated Wednesday, October 25th. The stock was sold at an average price of $6.92, for a total transaction of $44,744.72. Following the transaction, the executive vice president now owns 318,937 shares in the company, valued at approximately $2,207,044.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, COO Scott Andrew Sparks sold 10,000 shares of Helix Energy Solutions Group stock in a transaction dated Tuesday, October 31st. The shares were sold at an average price of $6.75, for a total value of $67,500.00. Following the transaction, the chief operating officer now owns 151,530 shares in the company, valued at approximately $1,022,827.50. The disclosure for this sale can be found here. Insiders have sold a total of 27,734 shares of company stock worth $196,079 in the last quarter. 5.70% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. Amalgamated Bank raised its position in Helix Energy Solutions Group by 3.8% in 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 during the last quarter. Jane Street Group LLC acquired a new stake in Helix Energy Solutions Group in the 3rd quarter valued at approximately $118,000. Green Square Capital LLC raised its position in Helix Energy Solutions Group by 1.7% in 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 during the last quarter. GSA Capital Partners LLP acquired a new stake in Helix Energy Solutions Group in the 2nd quarter valued at approximately $151,000. Finally, Piedmont Investment Advisors LLC acquired a new stake in Helix Energy Solutions Group in the 2nd quarter valued at approximately $169,000. Institutional investors and hedge funds own 86.04% of the company’s stock.

Shares of Helix Energy Solutions Group (NYSE:HLX) traded down $0.16 on Thursday, reaching $6.68. The company’s stock had a trading volume of 942,900 shares, compared to its average volume of 2,002,228. 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 has a 12-month low of $4.82 and a 12-month high of $10.56.

COPYRIGHT VIOLATION NOTICE: This piece of content was first posted by American Banking News and is owned by of American Banking News. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The correct version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/12/14/helix-energy-solutions-group-inc-hlx-expected-to-post-quarterly-sales-of-157-65-million.html.

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.

Get a free copy of the Zacks research report on Helix Energy Solutions Group (HLX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Helix Energy Solutions Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Helix Energy Solutions Group and related companies with MarketBeat.com's FREE daily email newsletter.