Kenneth English Neikirk Sells 83,991 Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) Stock

Helix Energy Solutions Group, Inc. (NYSE:HLX) EVP Kenneth English Neikirk sold 83,991 shares of Helix Energy Solutions Group stock in a transaction on Monday, December 30th. The stock was sold at an average price of $9.17, for a total transaction of $770,197.47. Following the completion of the transaction, the executive vice president now directly owns 104,549 shares in the company, valued at $958,714.33. This represents a 44.55 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Helix Energy Solutions Group Stock Down 1.7 %

Helix Energy Solutions Group stock opened at $9.52 on Friday. Helix Energy Solutions Group, Inc. has a fifty-two week low of $8.81 and a fifty-two week high of $13.05. The company has a market cap of $1.45 billion, a PE ratio of 238.06 and a beta of 2.46. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.29 and a current ratio of 2.29. The business’s 50-day simple moving average is $9.91 and its two-hundred day simple moving average is $10.55.

Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings results on Wednesday, October 23rd. The oil and gas company reported $0.19 earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $342.42 million for the quarter, compared to the consensus estimate of $354.74 million. During the same quarter in the prior year, the company earned $0.19 EPS. Equities analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.29 EPS for the current year.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Pacer Advisors Inc. acquired a new stake in Helix Energy Solutions Group during the 2nd quarter worth about $81,862,000. Principal Financial Group Inc. boosted its stake in shares of Helix Energy Solutions Group by 87.8% in the second quarter. Principal Financial Group Inc. now owns 1,489,359 shares of the oil and gas company’s stock worth $17,783,000 after buying an additional 696,395 shares during the last quarter. American Century Companies Inc. grew its holdings in Helix Energy Solutions Group by 24.9% during the second quarter. American Century Companies Inc. now owns 3,413,435 shares of the oil and gas company’s stock worth $40,756,000 after acquiring an additional 680,635 shares during the period. Jacobs Levy Equity Management Inc. raised its position in Helix Energy Solutions Group by 111.5% during the third quarter. Jacobs Levy Equity Management Inc. now owns 941,394 shares of the oil and gas company’s stock valued at $10,449,000 after acquiring an additional 496,278 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in Helix Energy Solutions Group by 2.4% in the second quarter. Dimensional Fund Advisors LP now owns 11,018,797 shares of the oil and gas company’s stock valued at $131,559,000 after acquiring an additional 254,880 shares during the period. Hedge funds and other institutional investors own 91.33% of the company’s stock.

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.