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

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.
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3 equities research analysts have issued 1-year target prices for Helix Energy Solutions Group's stock. Their HLX share price forecasts range from $13.00 to $17.00. On average, they predict the company's share price to reach $14.67 in the next twelve months. This suggests a possible upside of 31.3% from the stock's current price.
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Helix Energy Solutions Group's stock was trading at $7.38 at the start of the year. Since then, HLX stock has increased by 51.4% and is now trading at $11.17.
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Helix Energy Solutions Group saw a increase in short interest in September. As of September 15th, there was short interest totaling 8,980,000 shares, an increase of 7.2% from the August 31st total of 8,380,000 shares. Based on an average trading volume of 1,830,000 shares, the short-interest ratio is currently 4.9 days. Approximately 6.4% of the company's stock are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Monday, October 23rd 2023.
View our HLX earnings forecast.

Helix Energy Solutions Group, Inc. (NYSE:HLX) posted its earnings results on Wednesday, July, 26th. The oil and gas company reported $0.11 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.07. The oil and gas company earned $308.82 million during the quarter, compared to analyst estimates of $274.84 million. Helix Energy Solutions Group had a negative net margin of 1.26% and a positive trailing twelve-month return on equity of 0.75%.

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 share buyback program on Monday, February 20th 2023, which authorizes the company to repurchase $200,000,000.00 in shares, according to EventVestor. This repurchase authorization authorizes the company to purchase up to 16.5% of its shares through open market purchases. Shares repurchase programs are often a sign that the company's board believes its stock is undervalued.

Helix Energy Solutions Group issued an update on its FY 2023 earnings guidance on Thursday, July, 27th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.18 billion-$1.25 billion, compared to the consensus revenue estimate of $1.16 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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "HLX."

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 $11.17.

Helix Energy Solutions Group (NYSE:HLX) has a market capitalization of $1.68 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 ($0.08) 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.