Wall Street brokerages expect Helix Energy Solutions Group Inc (NYSE:HLX) to report ($0.07) earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Helix Energy Solutions Group’s earnings. The lowest EPS estimate is ($0.08) and the highest is ($0.07). Helix Energy Solutions Group posted earnings of ($0.01) per share in the same quarter last year, which would indicate a negative year over year growth rate of 600%. The business is scheduled to announce its next quarterly earnings results on Monday, February 18th.
According to Zacks, analysts expect that Helix Energy Solutions Group will report full-year earnings of $0.22 per share for the current year, with EPS estimates ranging from $0.21 to $0.23. For the next year, analysts anticipate that the business will report earnings of $0.29 per share, with EPS estimates ranging from $0.21 to $0.42. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Helix Energy Solutions Group.
Helix Energy Solutions Group (NYSE:HLX) last issued its earnings results on Monday, October 22nd. The oil and gas company reported $0.18 EPS for the quarter, beating the consensus estimate of $0.11 by $0.07. The company had revenue of $212.58 million during the quarter, compared to analysts’ expectations of $203.56 million. Helix Energy Solutions Group had a net margin of 12.48% and a return on equity of 2.59%. During the same quarter in the previous year, the company posted $0.02 EPS.
HLX has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of Helix Energy Solutions Group from a “hold” rating to a “buy” rating in a research report on Thursday, July 26th. Zacks Investment Research upgraded shares of Helix Energy Solutions Group from a “hold” rating to a “buy” rating and set a $10.00 price objective for the company in a research report on Thursday, July 26th. Finally, Cowen initiated coverage on shares of Helix Energy Solutions Group in a research report on Saturday, October 13th. They issued a “buy” rating and a $12.00 price objective for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $9.65.
Shares of HLX traded up $0.01 during trading hours on Friday, reaching $8.19. The stock had a trading volume of 2,141,534 shares, compared to its average volume of 1,811,674. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 0.25. Helix Energy Solutions Group has a 52 week low of $5.44 and a 52 week high of $10.89. The stock has a market cap of $1.26 billion, a P/E ratio of -54.60 and a beta of 2.57.
In related news, CEO Owen E. Kratz sold 653,468 shares of the company’s stock in a transaction on Friday, September 21st. The shares were sold at an average price of $9.74, for a total value of $6,364,778.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director William L. Transier sold 17,300 shares of the company’s stock in a transaction on Friday, September 28th. The shares were sold at an average price of $9.84, for a total transaction of $170,232.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 852,052 shares of company stock valued at $8,287,258. 5.85% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Hilltop Holdings Inc. acquired a new position in Helix Energy Solutions Group in the 2nd quarter worth $100,000. Tower Research Capital LLC TRC boosted its stake in Helix Energy Solutions Group by 297.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 15,888 shares of the oil and gas company’s stock worth $132,000 after purchasing an additional 11,888 shares during the period. Oppenheimer & Co. Inc. acquired a new position in Helix Energy Solutions Group in the 2nd quarter worth $167,000. Laurion Capital Management LP acquired a new position in Helix Energy Solutions Group in the 2nd quarter worth $189,000. Finally, First Quadrant L P CA acquired a new position in Helix Energy Solutions Group in the 3rd quarter worth $200,000. Institutional investors and hedge funds own 89.34% of the company’s stock.
Helix Energy Solutions Group Company Profile
Helix Energy Solutions Group, Inc, an offshore energy services company, provides specialty services to the offshore energy industry primarily in Brazil, the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. The company operates through three segments: Well Intervention, Robotics, and Production Facilities.
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