Zacks: Analysts Expect Helix Energy Solutions Group Inc (NYSE:HLX) to Post $0.01 EPS

Brokerages expect Helix Energy Solutions Group Inc (NYSE:HLX) to report $0.01 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Helix Energy Solutions Group’s earnings, with the highest EPS estimate coming in at $0.02 and the lowest estimate coming in at ($0.01). Helix Energy Solutions Group posted earnings per share of ($0.09) during the same quarter last year, which would indicate a positive year-over-year growth rate of 111.1%. 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 earnings of $0.35 per share for the current fiscal year, with EPS estimates ranging from $0.33 to $0.36. For the next fiscal year, analysts forecast that the company will report earnings of $0.39 per share, with EPS estimates ranging from $0.32 to $0.43. Zacks’ earnings per share calculations are an average based on a survey of research firms that follow Helix Energy Solutions Group.

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

HLX has been the topic of several research analyst reports. Bank of America restated a “buy” rating and set a $11.00 target price on shares of Helix Energy Solutions Group in a research note on Tuesday, November 12th. Johnson Rice raised Helix Energy Solutions Group from an “accumulate” rating to a “buy” rating in a report on Monday, November 25th. Zacks Investment Research lowered Helix Energy Solutions Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. TheStreet upgraded shares of Helix Energy Solutions Group from a “c+” rating to a “b-” rating in a report on Monday, November 18th. Finally, ValuEngine raised shares of Helix Energy Solutions Group from a “sell” rating to a “hold” rating in a research report on Tuesday, November 19th. Two investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Helix Energy Solutions Group currently has a consensus rating of “Buy” and an average price target of $10.38.

In related news, Director Nancy K. Quinn sold 12,677 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $9.58, for a total value 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Erik Staffeldt sold 17,027 shares of the stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $9.50, for a total transaction of $161,756.50. Following the completion of the transaction, the chief financial officer now owns 157,467 shares in the company, valued at approximately $1,495,936.50. The disclosure for this sale can be found here. Over the last three months, insiders sold 44,704 shares of company stock worth $417,902. 5.45% of the stock is owned by insiders.

Several hedge funds have recently added to or reduced their stakes in HLX. State of Tennessee Treasury Department boosted its holdings in Helix Energy Solutions Group by 32.6% in the third quarter. State of Tennessee Treasury Department now owns 103,106 shares of the oil and gas company’s stock valued at $831,000 after purchasing an additional 25,374 shares during the last quarter. Rhumbline Advisers raised its position in Helix Energy Solutions Group by 6.8% during the third quarter. Rhumbline Advisers now owns 485,719 shares of the oil and gas company’s stock valued at $3,915,000 after acquiring an additional 31,004 shares in the last quarter. California Public Employees Retirement System raised its position in Helix Energy Solutions Group by 19.7% during the third quarter. California Public Employees Retirement System now owns 293,413 shares of the oil and gas company’s stock valued at $2,365,000 after acquiring an additional 48,232 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new position in Helix Energy Solutions Group in the second quarter valued at approximately $95,000. Finally, Millennium Management LLC lifted its holdings in Helix Energy Solutions Group by 1,218.9% in the third quarter. Millennium Management LLC now owns 2,926,428 shares of the oil and gas company’s stock valued at $23,587,000 after acquiring an additional 2,704,543 shares during the period. 94.69% of the stock is currently owned by institutional investors and hedge funds.

Shares of HLX traded up $0.53 during midday trading on Wednesday, hitting $8.75. 40,230 shares of the company’s stock traded hands, compared to its average volume of 769,225. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.28. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 45.92, a price-to-earnings-growth ratio of 0.95 and a beta of 2.78. Helix Energy Solutions Group has a 1 year low of $5.05 and a 1 year high of $9.85. The firm’s fifty day moving average is $8.54 and its 200-day moving average is $8.05.

Helix Energy Solutions Group Company Profile

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.

See Also: Blockchain

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.