By otakuyassine3@gmail.com 
Helix Energy Solutions Group, Inc. (NYSE:HLX – Get Free Report) was the target of a large growth in short interest in December. As of December 31st, there was short interest totalling 8,520,000 shares, a growth of 20.9% from the December 15th total of 7,050,000 shares. Approximately 6.0% of the shares of the stock are short sold. Based on an average trading volume of 1,590,000 shares, the days-to-cover ratio is presently 5.4 days.
Insider Transactions at Helix Energy Solutions Group
In other Helix Energy Solutions Group news, EVP Kenneth English Neikirk sold 83,991 shares of the stock in a transaction dated Monday, December 30th. The shares were sold at an average price of $9.17, for a total transaction of $770,197.47. Following the sale, the executive vice president now owns 104,549 shares of the company’s stock, valued at $958,714.33. This represents a 44.55 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Diana Glassman sold 16,000 shares of the business’s stock in a transaction dated Tuesday, December 10th. The stock was sold at an average price of $9.94, for a total transaction of $159,040.00. Following the completion of the transaction, the director now directly owns 26,133 shares of the company’s stock, valued at approximately $259,762.02. This represents a 37.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 269,991 shares of company stock valued at $2,607,137 in the last three months. 6.37% of the stock is owned by corporate insiders.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of HLX. Assetmark Inc. acquired a new position in shares of Helix Energy Solutions Group in the 3rd quarter valued at $33,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Helix Energy Solutions Group during the second quarter worth about $45,000. Millburn Ridgefield Corp acquired a new position in Helix Energy Solutions Group in the third quarter valued at about $61,000. GAMMA Investing LLC increased its holdings in shares of Helix Energy Solutions Group by 21.1% in the third quarter. GAMMA Investing LLC now owns 7,722 shares of the oil and gas company’s stock worth $86,000 after acquiring an additional 1,343 shares in the last quarter. Finally, Paloma Partners Management Co bought a new stake in shares of Helix Energy Solutions Group in the third quarter worth about $130,000. Institutional investors and hedge funds own 91.33% of the company’s stock.
Helix Energy Solutions Group Trading Up 1.7 %
Shares of HLX stock traded up $0.16 during trading hours on Friday, reaching $9.11. The company had a trading volume of 997,911 shares, compared to its average volume of 1,513,501. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.29 and a quick ratio of 2.29. Helix Energy Solutions Group has a 1-year low of $8.64 and a 1-year high of $13.05. The company has a 50 day moving average of $9.80 and a 200 day moving average of $10.41. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 227.71 and a beta of 2.46.
Helix Energy Solutions Group (NYSE:HLX – Get Free Report) last issued its earnings results on Wednesday, October 23rd. The oil and gas company reported $0.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.02. The firm had revenue of $342.42 million for the quarter, compared to analysts’ expectations of $354.74 million. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. During the same quarter last year, the business earned $0.19 earnings per share. On average, equities research analysts anticipate that Helix Energy Solutions Group will post 0.26 EPS for the current year.
Wall Street Analysts Forecast Growth
A number of brokerages have commented on HLX. 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 research 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. BTIG Research cut Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a report on Thursday, October 24th. Finally, Raymond James assumed coverage on shares of Helix Energy Solutions Group in a research note on Thursday, September 19th. They issued a “strong-buy” rating and a $14.00 target price on the stock.
Get Our Latest Analysis on HLX
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.
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