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

4 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Helix Energy Solutions Group in the last year. There are currently 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" HLX shares.
View HLX analyst ratings or view top-rated stocks.

4 equities research analysts have issued 1-year price targets for Helix Energy Solutions Group's stock. Their HLX share price forecasts range from $6.00 to $10.00. On average, they expect the company's share price to reach $7.80 in the next year. This suggests a possible upside of 17.5% from the stock's current price.
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Helix Energy Solutions Group's stock was trading at $7.38 at the beginning of 2023. Since then, HLX shares have decreased by 10.0% and is now trading at $6.64.
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Helix Energy Solutions Group saw a increase in short interest in April. As of April 30th, there was short interest totaling 9,040,000 shares, an increase of 7.1% from the April 15th total of 8,440,000 shares. Based on an average daily volume of 2,050,000 shares, the days-to-cover ratio is presently 4.4 days. Currently, 6.4% of the company's stock are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Monday, July 24th 2023.
View our HLX earnings forecast.

Helix Energy Solutions Group, Inc. (NYSE:HLX) released its quarterly earnings data on Tuesday, October, 19th. The oil and gas company reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of ($0.10) by $0.03. The oil and gas company had revenue of $180.72 million for the quarter, compared to analysts' expectations of $172.62 million. Helix Energy Solutions Group had a negative net margin of 5.23% and a negative trailing twelve-month return on equity of 2.25%. During the same period in the previous year, the firm posted $0.10 EPS.

ETFs with the largest weight of Helix Energy Solutions Group (NYSE:HLX) stock in their portfolio include Invesco DWA Energy Momentum ETF (PXI), Invesco Dynamic Oil & Gas Services ETF (PXJ), Invesco S&P SmallCap Energy ETF (PSCE), SPDR S&P Oil & Gas Equipment & Services ETF (XES), Cambria Value and Momentum ETF (VAMO), VanEck Oil Services ETF (OIH), iShares U.S. Oil Equipment & Services ETF (IEZ) and Direxion Daily Oil Services Bull 2X Shares (ONG).

Helix Energy Solutions Group announced that its Board of Directors has authorized a stock repurchase plan on Monday, February 20th 2023, which allows the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization allows the company to buy up to 16.5% of its shares through open market purchases. Shares buyback plans are often an indication that the company's leadership believes its stock is undervalued.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "HLX."

Helix Energy Solutions Group's stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (16.31%), Dimensional Fund Advisors LP (6.35%), State Street Corp (4.59%), Assenagon Asset Management S.A. (2.96%), Van ECK Associates Corp (2.86%) and Bank of New York Mellon Corp (1.87%). Insiders that own company stock include 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of HLX stock can currently be purchased for approximately $6.64.

Helix Energy Solutions Group (NYSE:HLX) has a market capitalization of $1.01 billion and generates $873.10 million in revenue each year. The oil and gas company earns $-87,780,000.00 in net income (profit) each year or ($0.33) on an earnings per share basis.

The company employs 2,280 workers across the globe.

Helix Energy Solutions Group's mailing address is 3505 W SAM HOUSTON PARKWAY NORTH SUITE 400, HOUSTON TX, 77043. The official website for the company is www.helixesg.com. The oil and gas company can be reached via phone at (281) 618-0400, via email at investorrelations@helixesg.com, or via fax at 281-618-0500.