Helix Energy Solutions Group (HLX) Expected to Announce Quarterly Sales of $190.83 Million

Wall Street brokerages predict that Helix Energy Solutions Group (NYSE:HLX) will announce sales of $190.83 million for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Helix Energy Solutions Group’s earnings. The lowest sales estimate is $186.00 million and the highest is $198.90 million. Helix Energy Solutions Group reported sales of $150.33 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 26.9%. The firm is expected to issue its next quarterly earnings results on Monday, July 23rd.

On average, analysts expect that Helix Energy Solutions Group will report full year sales of $726.59 million for the current financial year, with estimates ranging from $721.00 million to $730.18 million. For the next financial year, analysts anticipate that the firm will report sales of $760.47 million per share, with estimates ranging from $752.00 million to $772.30 million. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Helix Energy Solutions Group.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings results on Monday, April 23rd. The oil and gas company reported ($0.02) earnings per share for the quarter, topping the consensus estimate of ($0.06) by $0.04. The company had revenue of $164.26 million for the quarter, compared to the consensus estimate of $144.12 million. Helix Energy Solutions Group had a negative return on equity of 0.50% and a net margin of 6.85%. The firm’s revenue for the quarter was up 57.1% compared to the same quarter last year. During the same period last year, the firm earned ($0.12) EPS.

HLX has been the topic of a number of analyst reports. TheStreet upgraded Helix Energy Solutions Group from a “d+” rating to a “c-” rating in a research report on Wednesday, May 9th. Cowen restated an “outperform” rating and set a $9.00 target price (down from $10.00) on shares of Helix Energy Solutions Group in a research report on Thursday, February 22nd. Credit Suisse Group restated an “outperform” rating and set a $11.00 target price (down from $14.00) on shares of Helix Energy Solutions Group in a research report on Wednesday, February 21st. Raymond James upgraded Helix Energy Solutions Group from a “market perform” rating to an “outperform” rating in a research report on Thursday, April 26th. Finally, Piper Jaffray Companies upgraded Helix Energy Solutions Group from a “neutral” rating to an “overweight” rating and set a $9.00 target price on the stock in a research report on Wednesday, April 25th. Four investment analysts have rated the stock with a sell rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $8.88.

Shares of NYSE:HLX traded down $0.32 during trading on Friday, reaching $7.81. 885,546 shares of the company’s stock traded hands, compared to its average volume of 1,109,265. Helix Energy Solutions Group has a fifty-two week low of $4.87 and a fifty-two week high of $8.70. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $1.20 billion, a PE ratio of -52.07 and a beta of 2.46.

Large investors have recently bought and sold shares of the company. Legal & General Group Plc lifted its stake in Helix Energy Solutions Group by 725.5% in the 1st quarter. Legal & General Group Plc now owns 2,370,722 shares of the oil and gas company’s stock valued at $13,720,000 after buying an additional 2,083,536 shares in the last quarter. Luminus Management LLC lifted its stake in Helix Energy Solutions Group by 100.1% in the 4th quarter. Luminus Management LLC now owns 2,442,252 shares of the oil and gas company’s stock valued at $18,415,000 after buying an additional 1,221,834 shares in the last quarter. Vident Investment Advisory LLC lifted its stake in Helix Energy Solutions Group by 41.2% in the 4th quarter. Vident Investment Advisory LLC now owns 2,865,997 shares of the oil and gas company’s stock valued at $21,610,000 after buying an additional 835,893 shares in the last quarter. Proxima Capital Management LLC purchased a new position in Helix Energy Solutions Group in the 4th quarter valued at about $2,993,000. Finally, Victory Capital Management Inc. lifted its stake in Helix Energy Solutions Group by 3.2% in the 1st quarter. Victory Capital Management Inc. now owns 6,696,131 shares of the oil and gas company’s stock valued at $38,771,000 after buying an additional 209,900 shares in the last quarter. Hedge funds and other institutional investors own 88.13% of the company’s stock.

About Helix Energy Solutions Group

Helix Energy Solutions Group, Inc, an offshore energy services company, provides specialty services to the offshore energy industry primarily in Brazil, the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. The company operates through three segments: Well Intervention, Robotics, and Production Facilities.

Get a free copy of the Zacks research report on Helix Energy Solutions Group (HLX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Helix Energy Solutions Group (NYSE:HLX)

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

Leave a Reply