Helix Energy Solutions Group (HLX) Expected to Announce Earnings on Monday

Helix Energy Solutions Group (NYSE:HLX) is anticipated to release its earnings data after the market closes on Monday, February 24th. Analysts expect Helix Energy Solutions Group to post earnings of $0.09 per share and revenue of $311.66 million for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Helix Energy Solutions Group Trading Down 2.4 %

Shares of HLX opened at $7.91 on Friday. The company’s fifty day simple moving average is $8.72 and its 200-day simple moving average is $9.76. The company has a market cap of $1.20 billion, a P/E ratio of 197.67 and a beta of 2.43. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.19. Helix Energy Solutions Group has a twelve month low of $7.76 and a twelve month high of $13.05.

Analysts Set New Price Targets

HLX has been the subject of a number of recent analyst reports. StockNews.com raised shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research note on Wednesday, December 4th. TD Cowen reduced their price target 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.

Insider Transactions at Helix Energy Solutions Group

In related news, EVP Kenneth English Neikirk sold 83,991 shares of the firm’s stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $9.17, for a total value of $770,197.47. Following the transaction, the executive vice president now owns 104,549 shares of the company’s stock, valued at $958,714.33. This trade represents a 44.55 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, COO Scott Andrew Sparks sold 170,000 shares of the firm’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $9.87, for a total transaction of $1,677,900.00. Following the completion of the transaction, the chief operating officer now directly owns 112,634 shares in the company, valued at $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 ninety days, insiders have sold 269,991 shares of company stock worth $2,607,137. Insiders own 6.37% of the company’s stock.

About Helix Energy Solutions Group

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.