Helix Energy Solutions Group (HLX) Stock Price, News & Analysis

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Helix Energy Solutions Group in the last year. There are currently 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" HLX shares.
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3 analysts have issued 12-month price objectives for Helix Energy Solutions Group's stock. Their HLX share price targets range from $13.00 to $17.00. On average, they anticipate the company's share price to reach $14.67 in the next twelve months. This suggests a possible upside of 37.3% from the stock's current price.
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Helix Energy Solutions Group's stock was trading at $10.28 at the start of the year. Since then, HLX stock has increased by 3.9% and is now trading at $10.68.
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Helix Energy Solutions Group saw a decline in short interest in the month of March. As of March 31st, there was short interest totaling 4,110,000 shares, a decline of 24.6% from the March 15th total of 5,450,000 shares. Based on an average daily volume of 1,740,000 shares, the short-interest ratio is currently 2.4 days. Currently, 2.9% of the shares of the stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, April 24th 2024.
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Helix Energy Solutions Group will be holding an earnings conference call on Thursday, April 25th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link.

Helix Energy Solutions Group, Inc. (NYSE:HLX) posted its earnings results on Monday, February, 26th. The oil and gas company reported ($0.19) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by $0.29. The oil and gas company earned $335.16 million during the quarter, compared to analysts' expectations of $326.59 million. Helix Energy Solutions Group had a negative net margin of 0.84% and a positive trailing twelve-month return on equity of 3.40%. During the same quarter in the previous year, the firm earned $0.09 earnings per share.

ETFs with the largest weight of Helix Energy Solutions Group (NYSE:HLX) stock in their portfolio include SPDR S&P Oil & Gas Equipment & Services ETF (XES), Invesco Oil & Gas Services ETF (PXJ), Invesco S&P SmallCap Energy ETF (PSCE), Clough Select Equity ETF (CBSE), Invesco Dorsey Wright Energy Momentum ETF (PXI), VanEck Oil Services ETF (OIH), Clough Long/Short Equity ETF (CBLS) and iShares U.S. Oil Equipment & Services ETF (IEZ).

Helix Energy Solutions Group declared that its Board of Directors has authorized a stock buyback program on Monday, February 20th 2023, which authorizes the company to buyback $200,000,000.00 in shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 16.5% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.

Helix Energy Solutions Group updated its FY 2024 earnings guidance on Wednesday, April, 17th. The company provided EPS guidance of for the period. The company issued revenue guidance of $1.2 billion-$1.4 billion, compared to the consensus revenue estimate of $1.3 billion.

18 employees have rated Helix Energy Solutions Group Chief Executive Officer Owen E. Kratz on Glassdoor.com. Owen E. Kratz has an approval rating of 37% among the company's employees. This puts Owen E. Kratz in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Helix Energy Solutions Group investors own include Athersys (ATHX), Energy Transfer (ET), Advanced Micro Devices (AMD), Ford Motor (F), WPX Energy (WPX), General Electric (GE), Marathon Oil (MRO), Oasis Petroleum (OAS), Transocean (RIG) and Enterprise Products Partners (EPD).

Helix Energy Solutions Group's stock is owned by many different retail and institutional investors. Top institutional shareholders include Guinness Asset Management LTD (0.26%), Los Angeles Capital Management LLC (0.07%), ARGA Investment Management LP (0.05%), Toth Financial Advisory Corp (0.01%), Counterpoint Mutual Funds LLC (0.01%) and Guinness Atkinson Asset Management Inc (0.01%). Insiders that own company stock include Diana Glassman, John Lovoi and Scott Andrew Sparks.
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Shares of HLX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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