Helix Energy Solutions Group (NYSE:HLX) Stock Price Down 3% – Time to Sell?

Helix Energy Solutions Group, Inc. (NYSE:HLX) shares dropped 3% on Friday . The stock traded as low as $6.25 and last traded at $6.39. Approximately 497,017 shares were traded during mid-day trading, a decline of 72% from the average daily volume of 1,796,807 shares. The stock had previously closed at $6.58.

Analyst Upgrades and Downgrades

Separately, Raymond James lowered shares of Helix Energy Solutions Group from a “strong-buy” rating to an “outperform” rating and decreased their price target for the company from $14.00 to $10.00 in a report on Friday.

Helix Energy Solutions Group Stock Performance

The company has a debt-to-equity ratio of 0.19, a current ratio of 2.29 and a quick ratio of 2.29. The company has a market cap of $953.12 million, a price-to-earnings ratio of 157.29 and a beta of 1.91. The stock has a 50-day moving average price of $7.62 and a 200 day moving average price of $8.82.

Helix Energy Solutions Group (NYSE:HLX) last announced its earnings results on Wednesday, April 23rd. The oil and gas company reported $0.02 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.07. The firm had revenue of $278.06 million for the quarter, compared to the consensus estimate of $285.06 million. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. As a group, analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current fiscal year.

Hedge Funds Weigh In On Helix Energy Solutions Group

Large investors have recently added to or reduced their stakes in the company. Principal Financial Group Inc. grew its holdings in shares of Helix Energy Solutions Group by 18.3% during the fourth quarter. Principal Financial Group Inc. now owns 2,443,203 shares of the oil and gas company’s stock worth $22,771,000 after buying an additional 378,394 shares in the last quarter. Forge First Asset Management Inc. acquired a new stake in shares of Helix Energy Solutions Group in the fourth quarter valued at approximately $5,565,000. Wellington Management Group LLP lifted its position in shares of Helix Energy Solutions Group by 13.7% in the fourth quarter. Wellington Management Group LLP now owns 3,282,202 shares of the oil and gas company’s stock worth $30,590,000 after purchasing an additional 396,666 shares in the last quarter. Amundi boosted its holdings in Helix Energy Solutions Group by 191.9% during the fourth quarter. Amundi now owns 89,714 shares of the oil and gas company’s stock worth $812,000 after purchasing an additional 58,976 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in Helix Energy Solutions Group by 2.5% in the fourth quarter. Vanguard Group Inc. now owns 14,049,438 shares of the oil and gas company’s stock valued at $130,941,000 after purchasing an additional 343,673 shares in the last quarter. Institutional investors own 91.33% of the company’s stock.

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.