Helix Energy Solutions Group Inc (NYSE:HLX) CFO Sells $161,756.50 in Stock

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Helix Energy Solutions Group Inc (NYSE:HLX) CFO Erik Staffeldt sold 17,027 shares of the company’s stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $9.50, for a total transaction of $161,756.50. Following the completion of the transaction, the chief financial officer now owns 157,467 shares in the company, valued at approximately $1,495,936.50. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Shares of Helix Energy Solutions Group stock opened at $8.42 on Friday. The stock has a market cap of $1.39 billion, a price-to-earnings ratio of 44.32 and a beta of 2.83. The firm’s 50-day moving average is $7.74 and its 200 day moving average is $7.84. Helix Energy Solutions Group Inc has a 1 year low of $5.05 and a 1 year high of $10.89. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.47 and a quick ratio of 1.47.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings results on Wednesday, July 24th. The oil and gas company reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.04). The firm had revenue of $201.73 million during the quarter, compared to the consensus estimate of $203.99 million. Helix Energy Solutions Group had a return on equity of 1.93% and a net margin of 4.27%. The business’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.12 EPS. On average, equities analysts expect that Helix Energy Solutions Group Inc will post 0.31 EPS for the current fiscal year.

A number of equities analysts recently issued reports on HLX shares. Zacks Investment Research cut shares of Helix Energy Solutions Group from a “buy” rating to a “hold” rating in a research note on Wednesday, July 31st. Raymond James upgraded shares of Helix Energy Solutions Group from an “outperform” rating to a “strong-buy” rating and upped their price target for the stock from $10.00 to $11.00 in a research note on Friday, June 7th. Two investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $10.08.

Institutional investors have recently made changes to their positions in the stock. Los Angeles Capital Management & Equity Research Inc. bought a new position in Helix Energy Solutions Group during the 2nd quarter valued at about $95,000. Guyasuta Investment Advisors Inc. lifted its stake in Helix Energy Solutions Group by 19.6% during the 2nd quarter. Guyasuta Investment Advisors Inc. now owns 123,000 shares of the oil and gas company’s stock valued at $1,061,000 after acquiring an additional 20,200 shares during the period. Texas Permanent School Fund lifted its stake in Helix Energy Solutions Group by 4.2% during the 1st quarter. Texas Permanent School Fund now owns 94,961 shares of the oil and gas company’s stock valued at $751,000 after acquiring an additional 3,828 shares during the period. CWM LLC lifted its stake in Helix Energy Solutions Group by 28,001.1% during the 2nd quarter. CWM LLC now owns 288,036 shares of the oil and gas company’s stock valued at $2,486,000 after acquiring an additional 287,011 shares during the period. Finally, Rothschild & Co. Asset Management US Inc. lifted its stake in Helix Energy Solutions Group by 4.0% during the 2nd quarter. Rothschild & Co. Asset Management US Inc. now owns 3,150,800 shares of the oil and gas company’s stock valued at $27,191,000 after acquiring an additional 122,216 shares during the period. Institutional investors own 94.34% 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.

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