Helix Energy Solutions Group Inc (NYSE:HLX) Short Interest Update

Helix Energy Solutions Group Inc (NYSE:HLX) was the recipient of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 7,050,000 shares, an increase of 11.0% from the December 15th total of 6,350,000 shares. Based on an average trading volume of 1,070,000 shares, the days-to-cover ratio is presently 6.6 days. Currently, 5.0% of the company’s shares are sold short.

In related news, COO Scott Andrew Sparks sold 11,740 shares of the stock in a transaction dated Friday, December 13th. The stock was sold at an average price of $9.37, for a total transaction of $110,003.80. Following the transaction, the chief operating officer now directly owns 253,342 shares in the company, valued at $2,373,814.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John Lovoi sold 15,000 shares of the firm’s stock in a transaction dated Tuesday, October 29th. The stock was sold at an average price of $8.98, for a total value of $134,700.00. Following the completion of the sale, the director now directly owns 241,498 shares in the company, valued at $2,168,652.04. The disclosure for this sale can be found here. 5.45% of the stock is currently owned by company insiders.

A number of institutional investors have recently modified their holdings of HLX. First Trust Advisors LP raised its position in shares of Helix Energy Solutions Group by 80.8% in the first quarter. First Trust Advisors LP now owns 393,282 shares of the oil and gas company’s stock valued at $3,111,000 after buying an additional 175,707 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Helix Energy Solutions Group by 2.6% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,289,031 shares of the oil and gas company’s stock worth $11,125,000 after buying an additional 33,119 shares during the period. Bank of New York Mellon Corp grew its position in shares of Helix Energy Solutions Group by 3.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,947,935 shares of the oil and gas company’s stock worth $16,810,000 after buying an additional 59,507 shares during the period. Northern Trust Corp grew its position in shares of Helix Energy Solutions Group by 3.6% during the 2nd quarter. Northern Trust Corp now owns 1,825,140 shares of the oil and gas company’s stock worth $15,751,000 after buying an additional 63,099 shares during the period. Finally, HighTower Advisors LLC bought a new stake in shares of Helix Energy Solutions Group in the 2nd quarter valued at $149,000. Institutional investors and hedge funds own 94.70% of the company’s stock.

Shares of Helix Energy Solutions Group stock traded up $0.14 during trading hours on Thursday, reaching $9.08. The stock had a trading volume of 28,227 shares, compared to its average volume of 1,011,283. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 47.68, a P/E/G ratio of 0.85 and a beta of 2.80. Helix Energy Solutions Group has a 1 year low of $6.56 and a 1 year high of $10.00. 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 firm has a 50 day simple moving average of $9.24 and a two-hundred day simple moving average of $8.44.

Helix Energy Solutions Group (NYSE:HLX) last issued its earnings results on Monday, October 21st. The oil and gas company reported $0.21 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.05. The business had revenue of $212.61 million during the quarter, compared to analysts’ expectations of $211.72 million. Helix Energy Solutions Group had a return on equity of 2.20% and a net margin of 4.88%. The company’s revenue for the quarter was up .0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.18 EPS. Sell-side analysts forecast that Helix Energy Solutions Group will post 0.35 EPS for the current year.

A number of research firms have recently commented on HLX. Bank of America reaffirmed a “buy” rating and set a $11.00 price objective on shares of Helix Energy Solutions Group in a research note on Tuesday, November 12th. Johnson Rice upgraded shares of Helix Energy Solutions Group from an “accumulate” rating to a “buy” rating in a report on Monday, November 25th. Zacks Investment Research cut shares of Helix Energy Solutions Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 25th. ValuEngine downgraded Helix Energy Solutions Group from a “hold” rating to a “sell” rating in a report on Saturday, December 7th. Finally, TheStreet raised Helix Energy Solutions Group from a “c+” rating to a “b-” rating in a research report on Monday, November 18th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $10.38.

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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