Helix Energy Solutions Group Inc (HLX) Expected to Post Quarterly Sales of $203.56 Million

Equities research analysts predict that Helix Energy Solutions Group Inc (NYSE:HLX) will announce $203.56 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Helix Energy Solutions Group’s earnings. The highest sales estimate is $208.68 million and the lowest is $198.00 million. Helix Energy Solutions Group posted sales of $163.26 million in the same quarter last year, which suggests a positive year-over-year growth rate of 24.7%. The business is expected to report its next quarterly earnings results after the market closes on Monday, October 22nd.

On average, analysts expect that Helix Energy Solutions Group will report full year sales of $742.88 million for the current fiscal year, with estimates ranging from $735.80 million to $752.84 million. For the next fiscal year, analysts anticipate that the firm will report sales of $778.00 million, with estimates ranging from $752.00 million to $805.28 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Helix Energy Solutions Group.

Helix Energy Solutions Group (NYSE:HLX) last released its earnings results on Monday, July 23rd. The oil and gas company reported $0.12 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.05. Helix Energy Solutions Group had a return on equity of 1.05% and a net margin of 9.79%. The company had revenue of $204.63 million during the quarter, compared to the consensus estimate of $183.54 million. During the same quarter last year, the company earned ($0.03) earnings per share. Helix Energy Solutions Group’s quarterly revenue was up 36.1% compared to the same quarter last year.

HLX has been the subject of a number of recent analyst reports. Zacks Investment Research downgraded Helix Energy Solutions Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, September 26th. Cowen initiated coverage on Helix Energy Solutions Group in a report on Saturday, October 13th. They issued a “buy” rating and a $12.00 target price for the company. Finally, ValuEngine raised Helix Energy Solutions Group from a “hold” rating to a “buy” rating in a report on Thursday, July 26th. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $10.20.

Helix Energy Solutions Group stock opened at $10.45 on Thursday. Helix Energy Solutions Group has a one year low of $5.44 and a one year high of $10.89. The company has a debt-to-equity ratio of 0.26, a current ratio of 2.50 and a quick ratio of 2.50. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of -69.67 and a beta of 2.56.

In other news, VP Alisa B. Johnson sold 15,244 shares of Helix Energy Solutions Group stock in a transaction on Tuesday, September 25th. The stock was sold at an average price of $9.85, for a total transaction of $150,153.40. Following the completion of the transaction, the vice president now owns 285,480 shares of the company’s stock, valued at approximately $2,811,978. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director William L. Transier sold 17,300 shares of Helix Energy Solutions Group stock in a transaction on Friday, September 28th. The stock was sold at an average price of $9.84, for a total value of $170,232.00. The disclosure for this sale can be found here. Insiders have sold a total of 1,123,584 shares of company stock valued at $11,027,016 in the last ninety days. Corporate insiders own 5.85% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Legal & General Group Plc increased its position in Helix Energy Solutions Group by 725.5% during the 1st quarter. Legal & General Group Plc now owns 2,370,722 shares of the oil and gas company’s stock worth $13,720,000 after purchasing an additional 2,083,536 shares in the last quarter. Senvest Management LLC purchased a new stake in Helix Energy Solutions Group in the 2nd quarter valued at about $12,566,000. BlackRock Inc. grew its holdings in Helix Energy Solutions Group by 6.2% in the 2nd quarter. BlackRock Inc. now owns 19,667,937 shares of the oil and gas company’s stock valued at $163,833,000 after buying an additional 1,156,169 shares during the period. Waddell & Reed Financial Inc. purchased a new stake in Helix Energy Solutions Group in the 2nd quarter valued at about $8,628,000. Finally, Fuller & Thaler Asset Management Inc. purchased a new stake in Helix Energy Solutions Group in the 2nd quarter valued at about $7,929,000. 89.47% of the stock is owned by institutional investors and hedge funds.

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.

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

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