Insider Selling: Helix Energy Solutions Group, Inc. (NYSE:HLX) COO Sells 170,000 Shares of Stock

Helix Energy Solutions Group, Inc. (NYSE:HLX) COO Scott Andrew Sparks sold 170,000 shares of the firm’s stock in a transaction on Tuesday, December 10th. The stock was sold at an average price of $9.87, for a total value of $1,677,900.00. Following the sale, the chief operating officer now directly owns 112,634 shares of the company’s stock, valued at approximately $1,111,697.58. This trade represents a 60.15 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Helix Energy Solutions Group Stock Performance

Shares of Helix Energy Solutions Group stock opened at $9.63 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.29 and a quick ratio of 2.29. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 240.81 and a beta of 2.45. The business has a 50-day moving average of $10.23 and a 200 day moving average of $10.73. Helix Energy Solutions Group, Inc. has a 12 month low of $8.91 and a 12 month high of $13.05.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings data on Wednesday, October 23rd. The oil and gas company reported $0.19 earnings per share for the quarter, beating analysts’ consensus estimates of $0.17 by $0.02. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. The firm had revenue of $342.42 million during the quarter, compared to analysts’ expectations of $354.74 million. During the same quarter in the previous year, the business posted $0.19 earnings per share. As a group, sell-side analysts forecast that Helix Energy Solutions Group, Inc. will post 0.29 earnings per share for the current year.

Institutional Trading of Helix Energy Solutions Group

A number of large investors have recently modified their holdings of the stock. Assetmark Inc. purchased a new position in Helix Energy Solutions Group in the third quarter valued at $33,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Helix Energy Solutions Group during the 2nd quarter worth about $45,000. Millburn Ridgefield Corp acquired a new stake in Helix Energy Solutions Group in the 3rd quarter valued at about $61,000. GAMMA Investing LLC boosted its stake in shares of Helix Energy Solutions Group by 21.1% in the 3rd quarter. GAMMA Investing LLC now owns 7,722 shares of the oil and gas company’s stock valued at $86,000 after buying an additional 1,343 shares during the period. Finally, CWM LLC grew its position in shares of Helix Energy Solutions Group by 10.4% during the second quarter. CWM LLC now owns 9,043 shares of the oil and gas company’s stock worth $108,000 after buying an additional 850 shares in the last quarter. Hedge funds and other institutional investors own 91.33% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on HLX shares. TD Cowen cut their price objective on Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating for the company in a research report on Friday, October 25th. StockNews.com upgraded shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th. Raymond James started coverage on shares of Helix Energy Solutions Group in a report on Thursday, September 19th. They issued a “strong-buy” rating and a $14.00 price objective on the stock. Finally, BTIG Research downgraded shares of Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a report on Thursday, October 24th.

Helix Energy Solutions Group Company Profile

Helix Energy Solutions Group, Inc, together with its subsidiaries, an offshore energy services company, provides specialty services to the offshore energy industry in Brazil, the Gulf of Mexico, the East Coast of the United States, North Sea, the Asia Pacific, and West Africa regions. The company operates through four segments: Well Intervention, Robotics, Production Facilities, and Shallow Water Abandonment segments.