Helix Energy Solutions Group, Inc. (NYSE:HLX) Short Interest Up 10.9% in November
Helix Energy Solutions Group, Inc. (NYSE:HLX – Get Free Report) was the target of a large growth in short interest in November. As of November 30th, there was short interest totalling 12,500,000 shares, a growth of 10.9% from the November 15th total of 11,270,000 shares. Based on an average daily volume of 2,300,000 shares, the days-to-cover ratio is currently 5.4 days. Approximately 8.8% of the company’s stock are short sold.
Insider Buying and Selling at Helix Energy Solutions Group
In other Helix Energy Solutions Group news, Director Diana Glassman sold 6,800 shares of the business’s stock in a transaction on Thursday, September 28th. The shares were sold at an average price of $11.41, for a total transaction of $77,588.00. Following the completion of the sale, the director now owns 27,990 shares in the company, valued at approximately $319,365.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 6.14% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of HLX. Brandywine Global Investment Management LLC grew its position in Helix Energy Solutions Group by 1.4% during the second quarter. Brandywine Global Investment Management LLC now owns 403,186 shares of the oil and gas company’s stock valued at $2,976,000 after acquiring an additional 5,687 shares during the last quarter. ProShare Advisors LLC boosted its stake in shares of Helix Energy Solutions Group by 8.3% during the second quarter. ProShare Advisors LLC now owns 22,443 shares of the oil and gas company’s stock valued at $166,000 after purchasing an additional 1,716 shares during the period. Bank of Montreal Can purchased a new stake in shares of Helix Energy Solutions Group during the second quarter valued at approximately $306,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Helix Energy Solutions Group by 6.5% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 160,977 shares of the oil and gas company’s stock valued at $1,188,000 after purchasing an additional 9,870 shares during the period. Finally, Swiss National Bank boosted its stake in shares of Helix Energy Solutions Group by 0.6% during the second quarter. Swiss National Bank now owns 313,300 shares of the oil and gas company’s stock valued at $2,312,000 after purchasing an additional 2,000 shares during the period. 98.58% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
Several research firms have recently issued reports on HLX. BTIG Research upped their target price on shares of Helix Energy Solutions Group from $14.00 to $17.00 and gave the stock a “buy” rating in a research note on Wednesday, September 20th. StockNews.com assumed coverage on shares of Helix Energy Solutions Group in a report on Thursday, October 5th. They issued a “hold” rating on the stock.
View Our Latest Stock Report on Helix Energy Solutions Group
Helix Energy Solutions Group Stock Performance
NYSE HLX traded down $0.23 during trading on Friday, hitting $9.97. 8,849,411 shares of the company’s stock traded hands, compared to its average volume of 1,983,066. The stock has a market capitalization of $1.50 billion, a price-to-earnings ratio of 71.21 and a beta of 2.63. Helix Energy Solutions Group has a 12-month low of $5.94 and a 12-month high of $11.88. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.42 and a current ratio of 1.42. The business has a 50 day moving average of $9.78 and a 200-day moving average of $9.25.
Helix Energy Solutions Group (NYSE:HLX – Get Free Report) last posted its quarterly earnings data on Monday, October 23rd. The oil and gas company reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. The company had revenue of $395.67 million for the quarter, compared to analysts’ expectations of $356.41 million. Helix Energy Solutions Group had a net margin of 1.63% and a return on equity of 3.67%. As a group, equities research analysts anticipate that Helix Energy Solutions Group will post 0.38 earnings per share for the current fiscal year.
Helix Energy Solutions Group Company Profile (Get Free Report)
Helix Energy Solutions Group, Inc, together with its subsidiaries, an offshore energy services company, provides specialty services to the offshore energy industry in Brazil, the Gulf of Mexico, the East Coast of the United States, North Sea, the Asia Pacific, and West Africa regions. The company operates through Well Intervention, Robotics, Production Facilities, and Shallow Water Abandonment segments.
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