Helix Energy Solutions Group, Inc. (NYSE:HLX – Get Rating) saw a significant growth in short interest during the month of January. As of January 15th, there was short interest totalling 6,570,000 shares, a growth of 8.4% from the December 31st total of 6,060,000 shares. Currently, 4.6% of the company's stock are sold short. Based on an average trading volume of 1,920,000 shares, the short-interest ratio is presently 3.4 days.
Helix Energy Solutions Group Stock Performance
HLX stock traded down $0.24 during midday trading on Friday, hitting $7.78. 1,631,025 shares of the stock traded hands, compared to its average volume of 1,493,602. The firm has a market cap of $1.18 billion, a P/E ratio of -10.10 and a beta of 2.83. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.44 and a quick ratio of 1.44. The stock's fifty day simple moving average is $6.93 and its 200-day simple moving average is $5.41. Helix Energy Solutions Group has a 1-year low of $2.47 and a 1-year high of $8.14.
Get Helix Energy Solutions Group alerts:Insider Activity at Helix Energy Solutions Group
In related news, COO Scott Andrew Sparks sold 26,000 shares of the stock in a transaction that occurred on Monday, October 31st. The shares were sold at an average price of $6.93, for a total transaction of $180,180.00. Following the completion of the sale, the chief operating officer now owns 254,870 shares of the company's stock, valued at $1,766,249.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.14% of the stock is currently owned by corporate insiders.
Institutional Trading of Helix Energy Solutions Group
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Point72 Hong Kong Ltd grew its position in Helix Energy Solutions Group by 388.4% during the third quarter. Point72 Hong Kong Ltd now owns 7,423 shares of the oil and gas company's stock valued at $29,000 after buying an additional 5,903 shares during the period. Captrust Financial Advisors lifted its holdings in Helix Energy Solutions Group by 91.4% during the first quarter. Captrust Financial Advisors now owns 6,907 shares of the oil and gas company's stock valued at $33,000 after purchasing an additional 3,298 shares in the last quarter. KBC Group NV purchased a new position in Helix Energy Solutions Group during the second quarter valued at $37,000. CWM LLC lifted its holdings in Helix Energy Solutions Group by 292.6% during the third quarter. CWM LLC now owns 10,000 shares of the oil and gas company's stock valued at $39,000 after purchasing an additional 7,453 shares in the last quarter. Finally, Penn Capital Management Company LLC purchased a new position in Helix Energy Solutions Group during the third quarter valued at $42,000. Institutional investors and hedge funds own 87.78% of the company's stock.Wall Street Analyst Weigh In
A number of research analysts have issued reports on HLX shares. BTIG Research raised shares of Helix Energy Solutions Group from a "neutral" rating to a "buy" rating and set a $10.00 price target for the company in a report on Wednesday, October 26th. StockNews.com lowered shares of Helix Energy Solutions Group from a "hold" rating to a "sell" rating in a research note on Thursday, November 3rd. Finally, TheStreet upgraded shares of Helix Energy Solutions Group from a "d+" rating to a "c-" rating in a research note on Friday, October 28th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $7.71.
About Helix Energy Solutions Group
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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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