Helix Energy Solutions Group Inc (HLX) Releases Earnings Results, Reports EPS of $-0.10 EPS

Helix Energy Solutions Group Inc (HLX) reported quarterly earnings results on Tuesday, Jul-19-2016. The company reported $-0.10 EPS for the quarter. Analysts had a consensus estimate of $-0.10. The company posted revenue of $107.20 million in the period, compared to analysts expectations of $130.17 million. The company’s revenue was down -35.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.03 EPS.

Helix Energy Solutions Group Inc opened for trading at $6.75 and hit $6.88 on the upside on Monday, eventually ending the session at $6.84, with a gain of 1.33% or 0.09 points. The heightened volatility saw the trading volume jump to 14,20,544 shares. Company has a market cap of $736 M.

In a different news, on Jun 27, 2016, Jan A Rask (director) purchased 968 shares at $6.65 per share price. According to the SEC, on Sep 22, 2015, John Lovoi (director) sold 30,000 shares at $6.01 per share price. On May 22, 2015, Anthony Tripodo (Executive Vice President & CFO) sold 4,561 shares at $16.60 per share price, according to the Form-4 filing with the securities and exchange commission.

Helix Energy Solutions Group Inc. is an international offshore energy services company. The Company operates in four business segments: Well Intervention Robotics Production Facilities and Subsea Construction. Well Intervention segment includes its vessels and equipment used to perform well intervention services primarily in the Gulf of Mexico and North Sea regions. Its well intervention vessels include the Q4000 the Helix 534 the Seawell the Well Enhancer and the Skandi Constructor which is a chartered vessel. The Robotics segment operates four chartered vessels and also includes ROVs trenchers and ROVDrills designed to offshore subsea construction and well intervention services. The Company’s Production Facilities segment which include the Helix Producer I (HP I) which is a floating production vessel. Its subsea construction operations included the use of umbilical lay and pipelay vessels and ROVs to develop fields in the deepwater.

Helix Energy Solutions Group Inc

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