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NYSE:HLX

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

$9.39
+0.39 (+4.33%)
(As of 09:46 AM ET)
Today's Range
$9.20
$9.40
50-Day Range
$9.00
$10.64
52-Week Range
$6.18
$11.88
Volume
195,274 shs
Average Volume
1.83 million shs
Market Capitalization
$1.42 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$14.67

Helix Energy Solutions Group MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
63.0% Upside
$14.67 Price Target
Short Interest
Healthy
4.47% of Float Sold Short
Dividend Strength
N/A
Sustainability
-5.70
Upright™ Environmental Score
News Sentiment
1.00mentions of Helix Energy Solutions Group in the last 14 days
Based on 22 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
33.80%
From $0.71 to $0.95 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.68 out of 5 stars

Oils/Energy Sector

23rd out of 240 stocks

Oil & Gas Field Services, Not Elsewhere Classified Industry

3rd out of 19 stocks


HLX stock logo

About Helix Energy Solutions Group Stock (NYSE:HLX)

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 Well Intervention, Robotics, Production Facilities, and Shallow Water Abandonment segments. It engages in the installation of flowlines, control umbilicals, and manifold assemblies and risers; trenching and burial of pipelines; installation and tie-in of riser and manifold assembly; commissioning, testing, and inspection activities; and provision of cable and umbilical lay, and connection services. The company also provides well intervention, intervention engineering, and production enhancement services; inspection, repair, and maintenance of production structures, trees, jumpers, risers, pipelines, and subsea equipment; and related support services. In addition, it offers reclamation and remediation services; well plug and abandonment services; pipeline, cable and umbilical abandonment services; and site inspections. Additionally, the company offers oil and natural gas processing facilities and services; and fast response system, as well as site clearance and subsea support services. Further, it provides offshore oilfield decommissioning and reclamation, project management, engineered solutions, intervention, maintenance, repair, heavy lift, and commercial diving services. It serves independent oil and gas producers and suppliers, pipeline transmission companies, renewable energy companies, and offshore engineering and construction firms. The company was formerly known as Cal Dive International, Inc. and changed its name to Helix Energy Solutions Group, Inc. in March 2006. Helix Energy Solutions Group, Inc. was incorporated in 1979 and is headquartered in Houston, Texas.

HLX Stock Price History

HLX Stock News Headlines

Bezos and Gates Invest in Search for Tech's Best-Kept Secret
Billionaires who've made their fortunes in tech, are quietly investing in essential yet rare elements known as "The Seeds of Technology". Learn more about this massive rare earth treasure hunt and the very elements making emerging technologies possible.
Q4 2023 Helix Energy Solutions Group Inc Earnings Call
Bezos and Gates Invest in Search for Tech's Best-Kept Secret
Billionaires who've made their fortunes in tech, are quietly investing in essential yet rare elements known as "The Seeds of Technology". Learn more about this massive rare earth treasure hunt and the very elements making emerging technologies possible.
Helix Energy Solutions Q4 Earnings Summary
Helix Reports Fourth Quarter and Full Year 2023 Results
What Wall Street expects from Helix Energy Solutions Group's earnings
HLX Dec 2024 17.000 call
HLX Dec 2024 7.000 put
HLX Mar 2024 20.000 call
See More Headlines
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Company Calendar

Last Earnings
2/26/2024
Today
2/29/2024
Next Earnings (Estimated)
4/22/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Oil & gas field services, not elsewhere classified
Sub-Industry
Oil & Gas Equipment & Services
CUSIP
42330P10
Employees
2,280
Year Founded
1980

Price Target and Rating

Average Stock Price Target
$14.67
High Stock Price Target
$17.00
Low Stock Price Target
$13.00
Potential Upside/Downside
+63.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$-87,780,000.00
Pretax Margin
0.58%

Debt

Sales & Book Value

Annual Sales
$1.29 billion
Cash Flow
$0.47 per share
Book Value
$9.96 per share

Miscellaneous

Free Float
141,457,000
Market Cap
$1.36 billion
Optionable
Optionable
Beta
2.54

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HLX Stock Analysis - Frequently Asked Questions

Should I buy or sell Helix Energy Solutions Group stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Helix Energy Solutions Group in the last twelve months. There are currently 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" HLX shares.
View HLX analyst ratings
or view top-rated stocks.

What is Helix Energy Solutions Group's stock price target for 2024?

3 analysts have issued 1 year target prices for Helix Energy Solutions Group's shares. Their HLX share price targets range from $13.00 to $17.00. On average, they predict the company's stock price to reach $14.67 in the next twelve months. This suggests a possible upside of 63.0% from the stock's current price.
View analysts price targets for HLX
or view top-rated stocks among Wall Street analysts.

How have HLX shares performed in 2024?

Helix Energy Solutions Group's stock was trading at $10.28 at the beginning of 2024. Since then, HLX shares have decreased by 12.5% and is now trading at $9.00.
View the best growth stocks for 2024 here
.

Are investors shorting Helix Energy Solutions Group?

Helix Energy Solutions Group saw a decline in short interest in the month of February. As of February 15th, there was short interest totaling 6,330,000 shares, a decline of 13.2% from the January 31st total of 7,290,000 shares. Based on an average daily trading volume, of 2,290,000 shares, the short-interest ratio is currently 2.8 days. Approximately 4.5% of the shares of the stock are sold short.
View Helix Energy Solutions Group's Short Interest
.

When is Helix Energy Solutions Group's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, April 22nd 2024.
View our HLX earnings forecast
.

How were Helix Energy Solutions Group's earnings last quarter?

Helix Energy Solutions Group, Inc. (NYSE:HLX) posted its quarterly earnings data on Monday, February, 26th. The oil and gas company reported ($0.19) earnings per share for the quarter, missing analysts' consensus estimates of $0.10 by $0.29. The oil and gas company had revenue of $335.16 million for the quarter, compared to the consensus estimate 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 period last year, the company posted $0.09 EPS.

How will Helix Energy Solutions Group's stock buyback program work?

Helix Energy Solutions Group announced that its Board of Directors has approved a share buyback plan 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 buy up to 16.5% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's management believes its shares are undervalued.

What guidance has Helix Energy Solutions Group issued on next quarter's earnings?

Helix Energy Solutions Group updated its FY 2024 earnings guidance on Tuesday, February, 27th. 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 $1.4 billion.

What is Owen E. Kratz's approval rating as Helix Energy Solutions Group's CEO?

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.

What other stocks do shareholders of Helix Energy Solutions Group own?

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).

Who are Helix Energy Solutions Group's major shareholders?

Helix Energy Solutions Group's stock is owned by a number of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.77%), Dimensional Fund Advisors LP (7.24%), Van ECK Associates Corp (1.93%), Charles Schwab Investment Management Inc. (1.27%), Public Employees Retirement Association of Colorado (1.26%) and Nuveen Asset Management LLC (1.23%). Insiders that own company stock include Diana Glassman, John Lovoi and Scott Andrew Sparks.
View institutional ownership trends
.

How do I buy shares of Helix Energy Solutions Group?

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.
Compare Top Brokerages Here.

This page (NYSE:HLX) was last updated on 3/1/2024 by MarketBeat.com Staff