Wall Street analysts forecast that Helix Energy Solutions Group, Inc. (NYSE:HLX) will post sales of $155.28 million for the current fiscal quarter, Zacks reports. Three analysts have provided estimates for Helix Energy Solutions Group’s earnings. The highest sales estimate is $173.20 million and the lowest is $131.00 million. Helix Energy Solutions Group reported sales of $181.02 million in the same quarter last year, which indicates a negative year over year growth rate of 14.2%. The business is expected to announce its next quarterly earnings report on Wednesday, April 28th.

According to Zacks, analysts expect that Helix Energy Solutions Group will report full year sales of $646.80 million for the current financial year, with estimates ranging from $625.50 million to $678.89 million. For the next year, analysts forecast that the business will report sales of $678.78 million, with estimates ranging from $641.80 million to $697.55 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Helix Energy Solutions Group.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings data on Sunday, February 21st. The oil and gas company reported $0.03 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.11. Helix Energy Solutions Group had a net margin of 3.50% and a return on equity of 0.53%. The firm had revenue of $159.90 million for the quarter, compared to analyst estimates of $146.40 million. During the same period last year, the firm earned $0.05 earnings per share.

A number of research analysts have weighed in on HLX shares. Zacks Investment Research raised shares of Helix Energy Solutions Group from a “hold” rating to a “buy” rating and set a $6.50 price objective on the stock in a research note on Wednesday, March 17th. BTIG Research assumed coverage on shares of Helix Energy Solutions Group in a research report on Thursday, April 1st. They issued a “neutral” rating for the company. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $5.50.

Helix Energy Solutions Group stock opened at $5.04 on Thursday. Helix Energy Solutions Group has a 1-year low of $1.05 and a 1-year high of $6.76. The firm has a market capitalization of $759.60 million, a price-to-earnings ratio of 31.50 and a beta of 3.66. The firm’s fifty day moving average price is $5.34 and its two-hundred day moving average price is $4.08. The company has a current ratio of 1.88, a quick ratio of 1.89 and a debt-to-equity ratio of 0.17.

In other news, Director John Lovoi sold 45,000 shares of the firm’s stock in a transaction on Tuesday, March 9th. The stock was sold at an average price of $6.24, for a total transaction of $280,800.00. Following the completion of the sale, the director now directly owns 284,530 shares of the company’s stock, valued at approximately $1,775,467.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. 5.79% of the stock is owned by corporate insiders.

Institutional investors have recently added to or reduced their stakes in the company. State of Tennessee Treasury Department lifted its stake in Helix Energy Solutions Group by 4.3% in the third quarter. State of Tennessee Treasury Department now owns 86,849 shares of the oil and gas company’s stock valued at $209,000 after purchasing an additional 3,586 shares during the last quarter. Thompson Siegel & Walmsley LLC lifted its position in shares of Helix Energy Solutions Group by 303.3% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 6,050 shares of the oil and gas company’s stock valued at $25,000 after buying an additional 4,550 shares during the last quarter. US Bancorp DE lifted its position in shares of Helix Energy Solutions Group by 78.9% during the 3rd quarter. US Bancorp DE now owns 16,021 shares of the oil and gas company’s stock valued at $38,000 after buying an additional 7,066 shares during the last quarter. LPL Financial LLC grew its stake in shares of Helix Energy Solutions Group by 97.0% during the 3rd quarter. LPL Financial LLC now owns 20,590 shares of the oil and gas company’s stock worth $50,000 after acquiring an additional 10,140 shares during the period. Finally, Acadian Asset Management LLC increased its holdings in Helix Energy Solutions Group by 558.1% in the 3rd quarter. Acadian Asset Management LLC now owns 12,892 shares of the oil and gas company’s stock worth $31,000 after acquiring an additional 10,933 shares during the last quarter. 85.76% of the stock is owned by hedge funds and other institutional investors.

About Helix Energy Solutions Group

Helix Energy Solutions Group, Inc, an offshore energy services company, provides specialty services to the offshore energy industry primarily in Brazil, the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. The company operates through 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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