Helix Energy Solutions Group (NYSE:HLX) Hits New 52-Week Low – Should You Sell?

Helix Energy Solutions Group, Inc. (NYSE:HLX)’s share price reached a new 52-week low during trading on Wednesday . The stock traded as low as $8.19 and last traded at $8.22, with a volume of 1278870 shares changing hands. The stock had previously closed at $8.44.

Analyst Ratings Changes

A number of research firms have issued reports on HLX. StockNews.com raised Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th. BTIG Research downgraded Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research report on Thursday, October 24th. Finally, TD Cowen reduced their price target on Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating for the company in a report on Friday, October 25th.

Helix Energy Solutions Group Price Performance

The company has a 50 day simple moving average of $9.57 and a 200-day simple moving average of $10.22. The stock has a market cap of $1.25 billion, a price-to-earnings ratio of 205.53 and a beta of 2.46. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.19.

Insider Buying and Selling at Helix Energy Solutions Group

In other Helix Energy Solutions Group news, Director Diana Glassman sold 16,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The stock was sold at an average price of $9.94, for a total transaction of $159,040.00. Following the sale, the director now owns 26,133 shares in the company, valued at $259,762.02. This represents a 37.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Scott Andrew Sparks sold 170,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 10th. The shares were 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 owns 112,634 shares in the company, valued at $1,111,697.58. The trade was a 60.15 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 269,991 shares of company stock worth $2,607,137 over the last quarter. 6.37% of the stock is owned by corporate insiders.

Institutional Trading of Helix Energy Solutions Group

A number of institutional investors and hedge funds have recently made changes to their positions in HLX. Assetmark Inc. acquired a new stake in shares of Helix Energy Solutions Group during the 3rd quarter worth approximately $33,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Helix Energy Solutions Group during the 2nd quarter worth approximately $45,000. Millburn Ridgefield Corp acquired a new stake in shares of Helix Energy Solutions Group during the 3rd quarter worth approximately $61,000. KBC Group NV raised its position in shares of Helix Energy Solutions Group by 61.8% during the 4th quarter. KBC Group NV now owns 9,136 shares of the oil and gas company’s stock worth $85,000 after purchasing an additional 3,491 shares during the period. Finally, GAMMA Investing LLC grew its holdings in 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 worth $86,000 after buying an additional 1,343 shares in the last quarter. 91.33% of the stock is currently owned by institutional investors and hedge funds.

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.