Helix Energy Solutions Group, Inc. (NYSE:HLX) Short Interest Down 22.5% in March

Helix Energy Solutions Group, Inc. (NYSE:HLX) was the target of a large decrease in short interest during the month of March. As of March 31st, there was short interest totalling 5,190,000 shares, a decrease of 22.5% from the March 15th total of 6,700,000 shares. Based on an average trading volume of 1,810,000 shares, the short-interest ratio is currently 2.9 days. Currently, 3.7% of the company’s stock are short sold.

Helix Energy Solutions Group Stock Performance

Helix Energy Solutions Group stock traded down $0.29 during trading hours on Monday, reaching $6.55. 1,028,803 shares of the company were exchanged, compared to its average volume of 1,764,695. The stock has a 50-day moving average of $7.79 and a 200 day moving average of $8.96. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 0.19. Helix Energy Solutions Group has a 12 month low of $5.77 and a 12 month high of $13.05. The firm has a market cap of $992.52 million, a price-to-earnings ratio of 163.79 and a beta of 1.91.

Helix Energy Solutions Group (NYSE:HLX) last released its quarterly earnings results on Monday, February 24th. The oil and gas company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.09 by $0.04. Helix Energy Solutions Group had a net margin of 0.54% and a return on equity of 4.39%. The company had revenue of $355.13 million during the quarter, compared to analysts’ expectations of $311.66 million. As a group, research analysts anticipate that Helix Energy Solutions Group will post 0.26 earnings per share for the current year.

Hedge Funds Weigh In On Helix Energy Solutions Group

Several large investors have recently bought and sold shares of HLX. Jane Street Group LLC grew its position in Helix Energy Solutions Group by 217.0% during the third quarter. Jane Street Group LLC now owns 305,767 shares of the oil and gas company’s stock worth $3,394,000 after buying an additional 209,311 shares in the last quarter. Barclays PLC raised its stake in shares of Helix Energy Solutions Group by 269.0% in the 3rd quarter. Barclays PLC now owns 306,482 shares of the oil and gas company’s stock valued at $3,402,000 after buying an additional 223,432 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Helix Energy Solutions Group by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 3,286,917 shares of the oil and gas company’s stock valued at $36,492,000 after acquiring an additional 25,432 shares in the last quarter. Principal Financial Group Inc. raised its position in Helix Energy Solutions Group by 38.6% in the third quarter. Principal Financial Group Inc. now owns 2,064,809 shares of the oil and gas company’s stock worth $22,919,000 after purchasing an additional 575,450 shares in the last quarter. Finally, Diversified Trust Co boosted its holdings in Helix Energy Solutions Group by 12.6% during the fourth quarter. Diversified Trust Co now owns 55,568 shares of the oil and gas company’s stock valued at $518,000 after purchasing an additional 6,220 shares in the last quarter. 91.33% of the stock is currently owned by institutional investors and hedge funds.

About Helix Energy Solutions Group

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 four segments: Well Intervention, Robotics, Production Facilities, and Shallow Water Abandonment segments.