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DOW   36,124.56
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Helix Energy Solutions Group Stock Price, News & Analysis (NYSE:HLX)

$9.01
-0.21 (-2.28%)
(As of 12/5/2023 ET)
Compare
Today's Range
$8.97
$9.22
50-Day Range
$9.01
$11.63
52-Week Range
$5.76
$11.88
Volume
1.29 million shs
Average Volume
1.88 million shs
Market Capitalization
$1.36 billion
P/E Ratio
64.32
Dividend Yield
N/A
Price Target
$14.67

Helix Energy Solutions Group MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
62.9% Upside
$14.67 Price Target
Short Interest
Bearish
7.96% of Float Sold Short
Dividend Strength
N/A
Sustainability
-5.70
Upright™ Environmental Score
News Sentiment
N/A
Insider Trading
Selling Shares
$77,588 Sold Last Quarter
Proj. Earnings Growth
86.84%
From $0.38 to $0.71 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.32 out of 5 stars

Oils/Energy Sector

90th out of 210 stocks

Oil & Gas Field Services, Not Elsewhere Classified Industry

9th out of 17 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

Helix Announces Pricing of Senior Notes Offering
The Battery Metal Nobody Told You About
According to McKinsey and Company, the battery storage market is growing rapidly, especially with the transition to clean, renewable energy. Lithium-ion batteries still grab most of the headlines. But analysts now call safe and long-lasting batteries made with vanadium "the future of battery tech."
Helix Announces Proposed Offering of New Senior Notes
The Battery Metal Nobody Told You About
According to McKinsey and Company, the battery storage market is growing rapidly, especially with the transition to clean, renewable energy. Lithium-ion batteries still grab most of the headlines. But analysts now call safe and long-lasting batteries made with vanadium "the future of battery tech."
Helix Reports Third Quarter 2023 Results
Helix Energy Solutions Group (NYSE: HLX)
Oil Price Stays Elevated Despite Fed's Interest Rate Warning
DT Midstream (DTM) Expands LEAP Pipeline Capacity by 30%
See More Headlines
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Company Calendar

Last Earnings
10/23/2023
Today
12/06/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/19/2024

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
+62.9%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$-87,780,000.00
Pretax Margin
2.61%

Debt

Sales & Book Value

Annual Sales
$873.10 million
Cash Flow
$0.46 per share
Book Value
$9.99 per share

Miscellaneous

Free Float
141,623,000
Market Cap
$1.36 billion
Optionable
Optionable
Beta
2.63

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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 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 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 brokers have issued 1-year price targets for Helix Energy Solutions Group's shares. Their HLX share price targets range from $13.00 to $17.00. On average, they expect the company's share price to reach $14.67 in the next year. This suggests a possible upside of 62.9% 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 2023?

Helix Energy Solutions Group's stock was trading at $7.38 at the beginning of the year. Since then, HLX shares have increased by 22.0% and is now trading at $9.0050.
View the best growth stocks for 2023 here
.

Are investors shorting Helix Energy Solutions Group?

Helix Energy Solutions Group saw a increase in short interest during the month of November. As of November 15th, there was short interest totaling 11,270,000 shares, an increase of 14.1% from the October 31st total of 9,880,000 shares. Based on an average trading volume of 2,210,000 shares, the days-to-cover ratio is presently 5.1 days. Approximately 8.0% 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, February 19th 2024.
View our HLX earnings forecast
.

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

Helix Energy Solutions Group, Inc. (NYSE:HLX) issued its quarterly earnings data on Monday, October, 23rd. The oil and gas company reported $0.19 earnings per share for the quarter, hitting analysts' consensus estimates of $0.19. The oil and gas company had revenue of $395.67 million for the quarter, compared to analysts' expectations of $356.41 million. Helix Energy Solutions Group had a net margin of 1.63% and a trailing twelve-month return on equity of 3.67%.

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

Helix Energy Solutions Group announced that its board has approved a stock buyback program on Monday, February 20th 2023, which permits the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization permits the company to reacquire up to 16.5% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's board 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 2023 earnings guidance on Tuesday, October, 24th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.23 billion-$1.29 billion, compared to the consensus revenue estimate of $1.22 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 institutional and retail investors. Top institutional investors include Invesco Ltd. (2.93%), Van ECK Associates Corp (2.11%), Bank of New York Mellon Corp (1.60%), Charles Schwab Investment Management Inc. (1.28%), Ameriprise Financial Inc. (1.14%) and Mirae Asset Global Investments Co. Ltd. (1.13%). 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:HLX) was last updated on 12/6/2023 by MarketBeat.com Staff

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