Insider Selling: Helix Energy Solutions Group, Inc. (HLX) Director Sells $83,833.92 in Stock

Helix Energy Solutions Group, Inc. (NYSE:HLX) Director Nancy K. Quinn sold 11,268 shares of the business’s stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $7.44, for a total transaction of $83,833.92. Following the completion of the sale, the director now owns 104,107 shares in the company, valued at $774,556.08. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) traded down $0.14 during trading hours on Thursday, reaching $6.36. 1,206,300 shares of the company traded hands, compared to its average volume of 2,062,480. Helix Energy Solutions Group, Inc. has a one year low of $4.82 and a one year high of $11.87. The company has a debt-to-equity ratio of 0.26, a quick ratio of 2.02 and a current ratio of 2.02.

Helix Energy Solutions Group (NYSE:HLX) last issued its quarterly earnings results on Monday, October 23rd. The oil and gas company reported $0.02 EPS for the quarter, meeting the consensus estimate of $0.02. The company had revenue of $163.30 million for the quarter, compared to the consensus estimate of $168.97 million. Helix Energy Solutions Group had a net margin of 1.40% and a return on equity of 0.60%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.10 EPS. equities analysts forecast that Helix Energy Solutions Group, Inc. will post -0.13 EPS for the current year.

ILLEGAL ACTIVITY WARNING: This report was published by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this report on another publication, it was copied illegally and reposted in violation of international copyright & trademark legislation. The original version of this report can be read at https://ledgergazette.com/2017/11/16/insider-selling-helix-energy-solutions-group-inc-hlx-director-sells-83833-92-in-stock.html.

HLX has been the topic of a number of research reports. Cowen and Company restated an “outperform” rating and issued a $9.00 target price (down from $10.00) on shares of Helix Energy Solutions Group in a report on Tuesday, July 25th. Zacks Investment Research upgraded shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. BidaskClub downgraded shares of Helix Energy Solutions Group from a “sell” rating to a “strong sell” rating in a report on Friday, August 18th. Bank of America Corporation initiated coverage on shares of Helix Energy Solutions Group in a report on Tuesday, September 5th. They issued a “neutral” rating and a $7.00 target price on the stock. Finally, Piper Jaffray Companies downgraded shares of Helix Energy Solutions Group from an “overweight” rating to a “neutral” rating and boosted their target price for the stock from $7.00 to $7.30 in a report on Wednesday, September 27th. Three investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $9.33.

A number of large investors have recently modified their holdings of HLX. BlackRock Inc. grew its holdings in Helix Energy Solutions Group by 31,634.0% during the 1st quarter. BlackRock Inc. now owns 17,588,903 shares of the oil and gas company’s stock valued at $136,665,000 after purchasing an additional 17,533,477 shares during the last quarter. Alliancebernstein L.P. grew its holdings in Helix Energy Solutions Group by 1,859.2% during the 2nd quarter. Alliancebernstein L.P. now owns 3,253,733 shares of the oil and gas company’s stock valued at $18,351,000 after purchasing an additional 3,087,661 shares during the last quarter. Vanguard Group Inc. grew its holdings in Helix Energy Solutions Group by 31.4% during the 1st quarter. Vanguard Group Inc. now owns 12,647,162 shares of the oil and gas company’s stock valued at $98,268,000 after purchasing an additional 3,022,776 shares during the last quarter. Key Group Holdings Cayman LTD. purchased a new stake in Helix Energy Solutions Group in the 2nd quarter valued at about $9,130,000. Finally, OxFORD Asset Management LLP boosted its position in Helix Energy Solutions Group by 423.3% in the 2nd quarter. OxFORD Asset Management LLP now owns 1,438,134 shares of the oil and gas company’s stock valued at $8,111,000 after buying an additional 1,163,294 shares during the period. Institutional investors own 87.13% of the company’s stock.

About Helix Energy Solutions Group

Helix Energy Solutions Group, Inc is an international offshore energy services company. The Company provides services to the offshore energy industry, with a focus on well intervention and robotics operations. The Company operates in three segments: Well Intervention, Robotics and Production Facilities.

Receive News & Ratings for Helix Energy Solutions Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Helix Energy Solutions Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply