Equities research analysts expect Helix Energy Solutions Group Inc (NYSE:HLX) to post sales of $157.65 million for the current quarter, Zacks reports. Two analysts have made estimates for Helix Energy Solutions Group’s earnings, with the highest sales estimate coming in at $157.80 million and the lowest estimate coming in at $157.50 million. Helix Energy Solutions Group posted sales of $128.03 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 23.1%. The firm is scheduled to issue its next quarterly earnings report on Monday, February 19th.

According to Zacks, analysts expect that Helix Energy Solutions Group will report full-year sales of $157.65 million for the current financial year, with estimates ranging from $575.70 million to $580.67 million. For the next fiscal year, analysts forecast that the company will report sales of $712.20 million per share, with estimates ranging from $674.30 million to $736.00 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Helix Energy Solutions Group.

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

A number of equities research analysts recently weighed in on the stock. Bank of America cut shares of Helix Energy Solutions Group from a “neutral” rating to an “underperform” rating and set a $7.00 price objective on the stock. in a research note on Tuesday. Cowen set a $10.00 price objective on shares of Helix Energy Solutions Group and gave the company a “buy” rating in a research note on Thursday, January 11th. Piper Jaffray Companies set a $7.00 price objective on shares of Helix Energy Solutions Group and gave the company a “hold” rating in a research note on Sunday, December 31st. Capital One Financial restated an “overweight” rating on shares of Helix Energy Solutions Group in a research note on Tuesday, October 10th. Finally, Zacks Investment Research cut shares of Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 24th. Four investment analysts have rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. Helix Energy Solutions Group has a consensus rating of “Hold” and an average price target of $8.40.

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

A number of institutional investors have recently modified their holdings of the business. Bank of Montreal Can raised its holdings in Helix Energy Solutions Group by 24.1% during the 4th quarter. Bank of Montreal Can now owns 87,213 shares of the oil and gas company’s stock worth $657,000 after buying an additional 16,959 shares during the period. Nisa Investment Advisors LLC acquired a new position in shares of Helix Energy Solutions Group during the fourth quarter worth approximately $339,000. GSA Capital Partners LLP lifted its holdings in shares of Helix Energy Solutions Group by 459.3% during the third quarter. GSA Capital Partners LLP now owns 150,026 shares of the oil and gas company’s stock worth $1,109,000 after buying an additional 123,202 shares during the last quarter. Cubist Systematic Strategies LLC lifted its holdings in shares of Helix Energy Solutions Group by 151.7% during the third quarter. Cubist Systematic Strategies LLC now owns 37,611 shares of the oil and gas company’s stock worth $278,000 after buying an additional 22,670 shares during the last quarter. Finally, Jane Street Group LLC acquired a new position in shares of Helix Energy Solutions Group during the third quarter worth approximately $118,000. Hedge funds and other institutional investors own 85.92% of the company’s stock.

Shares of Helix Energy Solutions Group (NYSE HLX) traded down $0.46 during midday trading on Wednesday, hitting $8.22. 2,214,400 shares of the company were exchanged, compared to its average volume of 1,411,980. Helix Energy Solutions Group has a fifty-two week low of $4.82 and a fifty-two week high of $8.89. The company has a current ratio of 2.02, a quick ratio of 2.02 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $1,210.00, a PE ratio of -13.70 and a beta of 2.61.

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About Helix Energy Solutions Group

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.

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

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