Wall Street brokerages predict that Helix Energy Solutions Group Inc (NYSE:HLX) will post ($0.01) earnings per share for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Helix Energy Solutions Group’s earnings, with the lowest EPS estimate coming in at ($0.02) and the highest estimate coming in at $0.00. Helix Energy Solutions Group posted earnings of ($0.05) per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 80%. The business is scheduled to issue its next earnings report on Monday, February 19th.

According to Zacks, analysts expect that Helix Energy Solutions Group will report full-year earnings of ($0.14) per share for the current financial year, with EPS estimates ranging from ($0.16) to ($0.10). For the next year, analysts forecast 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 an 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 earnings per share for the quarter, hitting the consensus estimate of $0.02. The business had revenue of $163.30 million for the quarter, compared to the consensus estimate of $168.97 million. Helix Energy Solutions Group had a negative net margin of 13.72% and a negative return on equity of 1.80%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the firm posted $0.10 earnings per share.

A number of research analysts recently commented on HLX shares. Capital One Financial reaffirmed an “overweight” rating on shares of Helix Energy Solutions Group in a research report on Tuesday, October 10th. Cowen set a $9.00 price objective on shares of Helix Energy Solutions Group and gave the company a “buy” rating in a research report on Friday, October 6th. Piper Jaffray Companies reaffirmed a “hold” rating on shares of Helix Energy Solutions Group in a research report on Friday, October 27th. Finally, Zacks Investment Research downgraded shares of Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $8.40.

Helix Energy Solutions Group (HLX) traded up $0.34 during trading on Monday, hitting $8.68. 1,587,500 shares of the stock traded hands, compared to its average volume of 1,322,822. The stock has a market capitalization of $1,280.00, a P/E ratio of -14.47 and a beta of 2.61. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.02 and a current ratio of 2.02. Helix Energy Solutions Group has a 1-year low of $4.82 and a 1-year high of $8.89.

In other Helix Energy Solutions Group news, COO Scott Andrew Sparks sold 10,000 shares of Helix Energy Solutions Group stock in a transaction that occurred on Tuesday, October 31st. The shares were 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 $1,022,827.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Nancy K. Quinn sold 11,268 shares of Helix Energy Solutions Group 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 owns 104,107 shares of the company’s stock, valued at $774,556.08. The disclosure for this sale can be found here. Insiders have sold 27,734 shares of company stock worth $196,079 over the last ninety days. 5.70% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Green Square Capital LLC lifted its stake in 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 valued at $121,000 after acquiring an additional 359 shares during the last quarter. Amalgamated Bank lifted its stake in 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 valued at $104,000 after acquiring an additional 683 shares during the last quarter. Pinebridge Investments L.P. lifted its stake in Helix Energy Solutions Group by 2.6% in the second quarter. Pinebridge Investments L.P. now owns 142,967 shares of the oil and gas company’s stock valued at $806,000 after acquiring an additional 3,604 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Helix Energy Solutions Group by 0.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 1,032,293 shares of the oil and gas company’s stock valued at $5,823,000 after acquiring an additional 6,512 shares during the last quarter. Finally, Legal & General Group Plc lifted its stake in Helix Energy Solutions Group by 2.6% in the third quarter. Legal & General Group Plc now owns 264,622 shares of the oil and gas company’s stock valued at $1,954,000 after acquiring an additional 6,823 shares during the last quarter. Hedge funds and other institutional investors own 85.92% of the company’s stock.

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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.

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

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