Helix Energy Solutions Group Inc (NYSE:HLX) Expected to Post Quarterly Sales of $170.17 Million

Equities research analysts expect Helix Energy Solutions Group Inc (NYSE:HLX) to post $170.17 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Helix Energy Solutions Group’s earnings, with estimates ranging from $165.70 million to $177.82 million. Helix Energy Solutions Group posted sales of $158.36 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 7.5%. The firm is expected to announce its next quarterly earnings report on Monday, February 17th.

According to Zacks, analysts expect that Helix Energy Solutions Group will report full-year sales of $751.29 million for the current financial year, with estimates ranging from $746.90 million to $758.98 million. For the next financial year, analysts forecast that the firm will post sales of $822.88 million, with estimates ranging from $814.63 million to $832.00 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that that provide coverage for Helix Energy Solutions Group.

Helix Energy Solutions Group (NYSE:HLX) last released its earnings results on Monday, October 21st. The oil and gas company reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.05. The firm had revenue of $212.61 million for the quarter, compared to the consensus estimate of $211.72 million. Helix Energy Solutions Group had a net margin of 4.88% and a return on equity of 2.20%. The company’s revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.18 EPS.

A number of analysts have recently weighed in on the stock. ValuEngine downgraded shares of Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a research report on Monday, November 11th. Zacks Investment Research downgraded shares of Helix Energy Solutions Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 25th. Finally, Bank of America reaffirmed a “buy” rating and issued a $11.00 target price on shares of Helix Energy Solutions Group in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $10.38.

Shares of NYSE:HLX traded up $0.12 during midday trading on Wednesday, reaching $8.44. The company’s stock had a trading volume of 832,216 shares, compared to its average volume of 1,188,153. The firm has a 50 day moving average of $8.37 and a 200-day moving average of $7.98. The firm has a market capitalization of $1.25 billion, a P/E ratio of 44.42, a PEG ratio of 0.96 and a beta of 2.77. The company has a quick ratio of 1.64, a current ratio of 1.64 and a debt-to-equity ratio of 0.28. Helix Energy Solutions Group has a 12-month low of $5.05 and a 12-month high of $9.85.

In other Helix Energy Solutions Group news, Director Nancy K. Quinn sold 12,677 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $9.58, for a total transaction of $121,445.66. Following the transaction, the director now owns 104,466 shares in the company, valued at approximately $1,000,784.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John Lovoi sold 15,000 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were sold at an average price of $8.98, for a total transaction of $134,700.00. Following the transaction, the director now owns 241,498 shares in the company, valued at approximately $2,168,652.04. The disclosure for this sale can be found here. Insiders have sold a total of 44,704 shares of company stock worth $417,902 over the last three months. 5.45% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Texas Permanent School Fund lifted its stake in Helix Energy Solutions Group by 1.3% during the 3rd quarter. Texas Permanent School Fund now owns 96,194 shares of the oil and gas company’s stock valued at $775,000 after acquiring an additional 1,271 shares during the period. Advisor Partners LLC lifted its stake in Helix Energy Solutions Group by 10.7% during the 2nd quarter. Advisor Partners LLC now owns 13,434 shares of the oil and gas company’s stock valued at $116,000 after acquiring an additional 1,299 shares during the period. Mason Street Advisors LLC lifted its stake in Helix Energy Solutions Group by 2.8% during the 3rd quarter. Mason Street Advisors LLC now owns 47,989 shares of the oil and gas company’s stock valued at $387,000 after acquiring an additional 1,302 shares during the period. First Citizens Bank & Trust Co. lifted its stake in Helix Energy Solutions Group by 11.3% during the 3rd quarter. First Citizens Bank & Trust Co. now owns 13,504 shares of the oil and gas company’s stock valued at $109,000 after acquiring an additional 1,373 shares during the period. Finally, Crossmark Global Holdings Inc. lifted its stake in Helix Energy Solutions Group by 6.4% during the 2nd quarter. Crossmark Global Holdings Inc. now owns 32,040 shares of the oil and gas company’s stock valued at $277,000 after acquiring an additional 1,919 shares during the period. Institutional investors and hedge funds own 93.76% of the company’s stock.

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.

Read More: Fibonacci Channel

Get a free copy of the Zacks research report on Helix Energy Solutions Group (HLX)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Helix Energy Solutions Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Helix Energy Solutions Group and related companies with MarketBeat.com's FREE daily email newsletter.