Helix Energy Solutions Group (NYSE:HLX) Sets New 52-Week Low – Time to Sell?

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

Analysts Set New Price Targets

Several research analysts have recently commented on the company. TD Cowen decreased their price objective on Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating on the stock in a report on Friday, October 25th. StockNews.com upgraded Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research report on Wednesday, December 4th. Finally, BTIG Research lowered Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research note on Thursday, October 24th.

Helix Energy Solutions Group Trading Down 0.2 %

The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.19. The stock’s fifty day moving average price is $9.45 and its 200 day moving average price is $10.19. The stock has a market cap of $1.24 billion, a P/E ratio of 204.43 and a beta of 2.46.

Insider Buying and Selling at Helix Energy Solutions Group

In other Helix Energy Solutions Group news, 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 owns 104,549 shares in the company, valued at approximately $958,714.33. The trade was a 44.55 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, COO Scott Andrew Sparks sold 170,000 shares of Helix Energy Solutions Group stock in a transaction dated 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 completion of the transaction, the chief operating officer now directly owns 112,634 shares of the company’s stock, valued at approximately $1,111,697.58. This represents a 60.15 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 269,991 shares of company stock valued at $2,607,137. Corporate insiders own 6.37% of the company’s stock.

Institutional Trading of Helix Energy Solutions Group

A number of institutional investors and hedge funds have recently modified their holdings of the business. Assetmark Inc. purchased a new position in Helix Energy Solutions Group in the 3rd quarter worth about $33,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Helix Energy Solutions Group during the second quarter valued at approximately $45,000. Millburn Ridgefield Corp bought a new stake in Helix Energy Solutions Group in the 3rd quarter worth approximately $61,000. KBC Group NV raised its stake in 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 valued at $85,000 after buying an additional 3,491 shares during the last quarter. Finally, 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 worth $86,000 after buying an additional 1,343 shares during the last quarter. 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.