Helix Energy Solutions Group, Inc. (HLX) Expected to Earn Q3 2018 Earnings of $0.10 Per Share

Helix Energy Solutions Group, Inc. (NYSE:HLX) – Capital One Financial Corporation decreased their Q3 2018 earnings per share (EPS) estimates for shares of Helix Energy Solutions Group in a research note issued to investors on Friday. Capital One Financial Corporation analyst J. Gibney now forecasts that the oil and gas company will earn $0.10 per share for the quarter, down from their prior forecast of $0.11. Capital One Financial Corporation currently has a “Overweight” rating on the stock. Capital One Financial Corporation also issued estimates for Helix Energy Solutions Group’s Q4 2018 earnings at $0.03 EPS and FY2019 earnings at $0.28 EPS.

Several other equities analysts have also weighed in on the stock. Bank of America Corporation started coverage on shares of Helix Energy Solutions Group in a research report on Tuesday, September 5th. They set a “neutral” rating and a $7.00 price target for the company. Piper Jaffray Companies restated a “hold” rating on shares of Helix Energy Solutions Group in a research report on Friday, October 27th. BidaskClub upgraded shares of Helix Energy Solutions Group from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Cowen and Company restated a “buy” rating and set a $9.00 price target on shares of Helix Energy Solutions Group in a research report on Friday, September 1st. Finally, Zacks Investment Research lowered shares of Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research report on Tuesday, October 24th. Three research analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $9.33.

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Helix Energy Solutions Group (NYSE:HLX) opened at $6.74 on Monday. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.02 and a quick ratio of 2.02. Helix Energy Solutions Group has a 1 year low of $4.82 and a 1 year high of $11.87.

Helix Energy Solutions Group (NYSE:HLX) last posted its quarterly earnings results on Monday, October 23rd. The oil and gas company reported $0.02 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.02. The company had revenue of $163.30 million during the quarter, compared to analyst estimates of $168.97 million. Helix Energy Solutions Group had a negative net margin of 13.72% and a negative return on equity of 1.80%. The firm’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.10 earnings per share.

In other news, EVP Anthony Tripodo sold 6,466 shares of the firm’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $6.92, for a total value of $44,744.72. Following the completion of the transaction, the executive vice president now directly owns 318,937 shares in the company, valued at $2,207,044.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Scott Andrew Sparks sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 31st. The shares were sold at an average price of $6.75, for a total transaction of $67,500.00. Following the completion of the transaction, the chief operating officer now owns 151,530 shares of the company’s stock, valued at $1,022,827.50. The disclosure for this sale can be found here. Insiders have sold 27,734 shares of company stock valued at $196,079 in the last quarter. Company insiders own 5.70% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in shares of Helix Energy Solutions Group by 31,634.0% in the first quarter. BlackRock Inc. now owns 17,588,903 shares of the oil and gas company’s stock valued at $136,665,000 after acquiring an additional 17,533,477 shares during the period. Vanguard Group Inc. boosted its position in shares of Helix Energy Solutions Group by 3.9% in the second quarter. Vanguard Group Inc. now owns 13,135,138 shares of the oil and gas company’s stock valued at $74,082,000 after acquiring an additional 487,976 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Helix Energy Solutions Group by 9.4% in the second quarter. Dimensional Fund Advisors LP now owns 12,407,257 shares of the oil and gas company’s stock valued at $69,976,000 after acquiring an additional 1,065,628 shares during the period. GMT Capital Corp boosted its position in shares of Helix Energy Solutions Group by 10.5% in the second quarter. GMT Capital Corp now owns 8,209,023 shares of the oil and gas company’s stock valued at $42,441,000 after acquiring an additional 777,000 shares during the period. Finally, Victory Capital Management Inc. boosted its position in shares of Helix Energy Solutions Group by 4.2% in the third quarter. Victory Capital Management Inc. now owns 6,338,291 shares of the oil and gas company’s stock valued at $46,840,000 after acquiring an additional 256,250 shares during the period. Institutional investors own 86.31% of the company’s stock.

Helix Energy Solutions Group Company Profile

Helix Energy Solutions Group, Inc is an international offshore energy services company. The Company provides services to the offshore energy industry, with a focus on well intervention and robotics operations. The Company operates in three segments: Well Intervention, Robotics and Production Facilities.

Earnings History and Estimates for Helix Energy Solutions Group (NYSE:HLX)

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