Helix Energy Solutions Group (NYSE:HLX) Stock Price Down 1.4% – Should You Sell?

Shares of Helix Energy Solutions Group, Inc. (NYSE:HLX) traded down 1.4% during mid-day trading on Monday . The stock traded as low as $6.08 and last traded at $6.21. 656,669 shares were traded during trading, a decline of 63% from the average session volume of 1,794,885 shares. The stock had previously closed at $6.29.

Analysts Set New Price Targets

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

Helix Energy Solutions Group Price Performance

The stock has a market cap of $926.61 million, a price-to-earnings ratio of 152.91 and a beta of 1.91. The company has a 50 day simple moving average of $7.62 and a 200-day simple moving average of $8.81. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 0.19.

Helix Energy Solutions Group (NYSE:HLX) last announced its quarterly earnings data on Wednesday, April 23rd. The oil and gas company reported $0.02 earnings per share (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 analysts’ expectations of $285.06 million. Helix Energy Solutions Group had a return on equity of 4.39% and a net margin of 0.54%. As a group, research analysts anticipate that Helix Energy Solutions Group, Inc. will post 0.26 EPS for the current fiscal year.

Institutional Investors Weigh In On Helix Energy Solutions Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in shares of 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 during the period. Pacer Advisors Inc. raised its stake in Helix Energy Solutions Group by 16.4% during the 4th quarter. Pacer Advisors Inc. now owns 6,546,820 shares of the oil and gas company’s stock valued at $61,016,000 after acquiring an additional 923,477 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Helix Energy Solutions Group by 10.2% during the fourth quarter. American Century Companies Inc. now owns 4,727,037 shares of the oil and gas company’s stock valued at $44,056,000 after purchasing an additional 437,814 shares during the period. Encompass Capital Advisors LLC lifted its stake in shares of Helix Energy Solutions Group by 66.2% in the 4th quarter. Encompass Capital Advisors LLC now owns 4,103,295 shares of the oil and gas company’s stock worth $38,243,000 after acquiring an additional 1,634,764 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of Helix Energy Solutions Group by 13.7% in the 4th quarter. Wellington Management Group LLP now owns 3,282,202 shares of the oil and gas company’s stock worth $30,590,000 after buying an additional 396,666 shares in the last quarter. 91.33% of the stock is currently owned by institutional investors.

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.