On October 3, 2024, Owen Kratz, President & CEO of Helix Energy Solutions Group Inc (HLX, Financial), executed a significant transaction by selling 298,419 shares of the company. The sale was documented in a recent SEC Filing. Following this transaction, the insider now owns 7,171,860 shares of Helix Energy Solutions Group Inc.
Helix Energy Solutions Group Inc specializes in offshore energy services, providing a range of solutions to the oil and gas sector, including well intervention, robotics, and subsea construction. This positions the company as a key player in the energy sector, particularly in offshore operations.
Over the past year, the insider has sold a total of 613,665 shares and has not made any purchases. This recent sale is part of a broader trend observed within the company, where there have been five insider sells and no insider buys over the last year.
The shares of Helix Energy Solutions Group Inc were priced at $11.92 on the day of the transaction. The company currently holds a market cap of approximately $1.698 billion.
According to the GF Value, the intrinsic value of the stock is estimated at $10.30, leading to a price-to-GF-Value ratio of 1.16. This valuation suggests that Helix Energy Solutions Group Inc is Fairly Valued. The GF Value is derived from historical trading multiples, an adjustment factor based on the company's past performance, and future business performance estimates provided by Morningstar analysts.
This insider sale might interest investors tracking ownership changes and evaluating the company's current valuation status. It provides insights into the insider's holdings and may influence investor perception regarding the stock's future direction.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
