Wall Street analysts expect Helix Energy Solutions Group Inc (NYSE:HLX) to report sales of $157.65 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Helix Energy Solutions Group’s earnings. The highest sales estimate is $157.80 million and the lowest is $157.50 million. Helix Energy Solutions Group posted sales of $128.03 million during the same quarter last year, which would indicate a positive year over year growth rate of 23.1%. The firm is expected to announce its next earnings report 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 year, with estimates ranging from $575.70 million to $580.67 million. For the next financial year, analysts forecast that the business will report sales of $712.20 million per share, with estimates ranging from $674.30 million to $736.00 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that cover Helix Energy Solutions Group.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings data on Monday, October 23rd. The oil and gas company reported $0.02 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 company had revenue of $163.30 million for the quarter, compared to the consensus estimate of $168.97 million. During the same period in the previous year, the business earned $0.10 EPS. The firm’s revenue was up 1.2% compared to the same quarter last year.

HLX has been the topic of a number of research reports. Cowen set a $9.00 price target on Helix Energy Solutions Group and gave the company a “buy” rating in a research report on Friday, October 6th. Piper Jaffray Companies set a $7.00 price target on Helix Energy Solutions Group and gave the company a “hold” rating in a research report on Sunday, December 31st. Capital One Financial restated an “overweight” rating on shares of Helix Energy Solutions Group in a research report on Tuesday, October 10th. Zacks Investment Research downgraded Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. Finally, Bank of America downgraded Helix Energy Solutions Group from a “neutral” rating to an “underperform” rating and set a $7.00 price target on the stock. in a research report on Tuesday. Four equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $8.40.

In other news, Director Nancy K. Quinn sold 11,268 shares of the firm’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $7.44, for a total transaction of $83,833.92. Following the transaction, the director now directly owns 104,107 shares of the company’s stock, valued at $774,556.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Scott Andrew Sparks sold 10,000 shares of the firm’s 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 directly owns 151,530 shares in the company, valued at $1,022,827.50. 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. Insiders own 5.70% of the company’s stock.

Several large investors have recently made changes to their positions in HLX. Schwab Charles Investment Management Inc. raised its position in Helix Energy Solutions Group by 0.6% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 1,032,293 shares of the oil and gas company’s stock worth $5,823,000 after purchasing an additional 6,512 shares during the period. Legal & General Group Plc grew its position in shares of Helix Energy Solutions Group by 5.1% during the second quarter. Legal & General Group Plc now owns 257,799 shares of the oil and gas company’s stock worth $1,453,000 after buying an additional 12,585 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Helix Energy Solutions Group by 53.3% during the second quarter. BNP Paribas Arbitrage SA now owns 43,472 shares of the oil and gas company’s stock worth $245,000 after buying an additional 15,109 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Helix Energy Solutions Group by 1.2% during the second quarter. Principal Financial Group Inc. now owns 1,072,633 shares of the oil and gas company’s stock worth $6,050,000 after buying an additional 12,237 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its position in shares of Helix Energy Solutions Group by 30.8% during the second quarter. JPMorgan Chase & Co. now owns 517,315 shares of the oil and gas company’s stock worth $2,917,000 after buying an additional 121,672 shares in the last quarter. 85.92% of the stock is currently owned by hedge funds and other institutional investors.

Helix Energy Solutions Group (HLX) traded down $0.46 during midday trading on Wednesday, reaching $8.22. The company’s stock had a trading volume of 2,214,400 shares, compared to its average volume of 1,411,980. Helix Energy Solutions Group has a twelve month low of $4.82 and a twelve month high of $8.89. The company has a quick ratio of 2.02, a current ratio of 2.02 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $1,210.00, a P/E ratio of -13.70 and a beta of 2.61.

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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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