Helix Energy Solutions Group, Inc. (NYSE:HLX) Short Interest Update

Helix Energy Solutions Group, Inc. (NYSE:HLX) was the target of a significant growth in short interest during the month of October. As of October 31st, there was short interest totalling 6,610,000 shares, a growth of 16.4% from the October 15th total of 5,680,000 shares. Currently, 4.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,910,000 shares, the short-interest ratio is presently 3.5 days.

Insider Activity

In other Helix Energy Solutions Group news, CEO Owen E. Kratz sold 298,419 shares of the company’s stock in a transaction on Thursday, October 3rd. The stock was sold at an average price of $11.92, for a total value of $3,557,154.48. Following the completion of the sale, the chief executive officer now directly owns 7,171,860 shares in the company, valued at $85,488,571.20. This represents a 3.99 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 6.37% of the company’s stock.

Hedge Funds Weigh In On Helix Energy Solutions Group

Several institutional investors have recently modified their holdings of HLX. CWM LLC increased its stake in shares of Helix Energy Solutions Group by 10.4% during the second quarter. CWM LLC now owns 9,043 shares of the oil and gas company’s stock worth $108,000 after buying an additional 850 shares during the period. Diversified Trust Co raised its holdings in shares of Helix Energy Solutions Group by 2.1% in the 3rd quarter. Diversified Trust Co now owns 49,348 shares of the oil and gas company’s stock valued at $548,000 after purchasing an additional 1,005 shares in the last quarter. Arizona State Retirement System lifted its position in shares of Helix Energy Solutions Group by 3.0% during the 2nd quarter. Arizona State Retirement System now owns 40,535 shares of the oil and gas company’s stock worth $484,000 after purchasing an additional 1,187 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Helix Energy Solutions Group by 24.0% in the 2nd quarter. GAMMA Investing LLC now owns 6,379 shares of the oil and gas company’s stock valued at $76,000 after acquiring an additional 1,236 shares during the last quarter. Finally, Bleakley Financial Group LLC raised its position in shares of Helix Energy Solutions Group by 10.2% during the 1st quarter. Bleakley Financial Group LLC now owns 15,039 shares of the oil and gas company’s stock worth $163,000 after acquiring an additional 1,391 shares in the last quarter. Institutional investors and hedge funds own 91.33% of the company’s stock.

Analyst Ratings Changes

HLX has been the subject of several recent analyst reports. TD Cowen cut their target price on Helix Energy Solutions Group from $16.00 to $15.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Raymond James started coverage on Helix Energy Solutions Group in a research report on Thursday, September 19th. They set a “strong-buy” rating and a $14.00 price objective for the company. BTIG Research cut shares of Helix Energy Solutions Group from a “buy” rating to a “neutral” rating in a research report on Thursday, October 24th. Finally, StockNews.com upgraded shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research report on Saturday, November 2nd.

Helix Energy Solutions Group Price Performance

HLX stock opened at $9.95 on Monday. The business’s fifty day moving average price is $10.10 and its 200 day moving average price is $10.84. Helix Energy Solutions Group has a 12-month low of $8.82 and a 12-month high of $13.05. The company has a market capitalization of $1.51 billion, a PE ratio of 248.81 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 (NYSE:HLX) last posted its quarterly earnings data on Wednesday, October 23rd. The oil and gas company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.17 by $0.02. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. The business had revenue of $342.42 million during the quarter, compared to analyst estimates of $354.74 million. During the same quarter last year, the firm posted $0.19 earnings per share. On average, sell-side analysts anticipate that Helix Energy Solutions Group will post 0.29 EPS for the current year.

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.