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

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.

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.

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.

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.

The company is scheduled to release its next quarterly earnings announcement on Monday, February 19th 2024.
View our HLX earnings forecast.

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%.

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

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.

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.

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 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.

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.