Helix Energy Solutions Group, Inc. (NYSE:HLX) Sees Significant Growth in Short Interest

Helix Energy Solutions Group, Inc. (NYSE:HLXGet Rating) was the target of a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 8,240,000 shares, a growth of 23.0% from the May 15th total of 6,700,000 shares. Based on an average trading volume of 1,760,000 shares, the short-interest ratio is currently 4.7 days. Currently, 5.8% of the company’s stock are sold short.

Shares of NYSE:HLX opened at $3.45 on Friday. Helix Energy Solutions Group has a twelve month low of $2.88 and a twelve month high of $6.70. The company has a current ratio of 1.96, a quick ratio of 1.96 and a debt-to-equity ratio of 0.16. The company’s 50 day moving average is $4.44 and its 200 day moving average is $4.13.

Helix Energy Solutions Group (NYSE:HLXGet Rating) last released its quarterly earnings data on Monday, April 25th. The oil and gas company reported ($0.28) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.19) by ($0.09). Helix Energy Solutions Group had a negative return on equity of 6.09% and a negative net margin of 15.22%. The business had revenue of $150.13 million during the quarter, compared to analyst estimates of $137.17 million. During the same quarter in the previous year, the company earned ($0.02) EPS. As a group, research analysts expect that Helix Energy Solutions Group will post -0.59 earnings per share for the current fiscal year.

A number of research firms recently commented on HLX. Capital One Financial reiterated an “equal weight” rating on shares of Helix Energy Solutions Group in a research note on Friday, March 18th. Piper Sandler lifted their price objective on shares of Helix Energy Solutions Group from $6.30 to $7.25 and gave the stock an “overweight” rating in a research note on Monday, April 18th. Finally, StockNews.com raised Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, Helix Energy Solutions Group currently has an average rating of “Hold” and an average price target of $7.25.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. First Trust Advisors LP lifted its holdings in shares of Helix Energy Solutions Group by 80.8% in the 1st quarter. First Trust Advisors LP now owns 393,282 shares of the oil and gas company’s stock valued at $3,111,000 after buying an additional 175,707 shares during the period. Royal Bank of Canada lifted its holdings in Helix Energy Solutions Group by 490.0% in the second quarter. Royal Bank of Canada now owns 11,800 shares of the oil and gas company’s stock valued at $67,000 after acquiring an additional 9,800 shares during the period. Morgan Stanley boosted its position in Helix Energy Solutions Group by 14.8% in the 2nd quarter. Morgan Stanley now owns 727,683 shares of the oil and gas company’s stock worth $4,155,000 after purchasing an additional 93,956 shares in the last quarter. Geode Capital Management LLC boosted its position in Helix Energy Solutions Group by 13.9% in the 3rd quarter. Geode Capital Management LLC now owns 3,004,569 shares of the oil and gas company’s stock worth $11,657,000 after purchasing an additional 366,054 shares in the last quarter. Finally, Franklin Resources Inc. acquired a new stake in shares of Helix Energy Solutions Group during the 3rd quarter worth approximately $48,000. 86.81% of the stock is currently owned by institutional investors.

Helix Energy Solutions Group Company Profile (Get Rating)

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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