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NYSE:HLX

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

$11.20
-0.04 (-0.36%)
(As of 05/24/2024 ET)
Today's Range
$11.14
$11.42
50-Day Range
$10.06
$11.87
52-Week Range
$6.18
$12.14
Volume
1.26 million shs
Average Volume
1.33 million shs
Market Capitalization
$1.71 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
31.0% Upside
$14.67 Price Target
Short Interest
Healthy
2.40% of Float Sold Short
Dividend Strength
N/A
Sustainability
-5.70
Upright™ Environmental Score
News Sentiment
0.97mentions of Helix Energy Solutions Group in the last 14 days
Based on 10 Articles This Week
Insider Trading
Selling Shares
$1.90 M Sold Last Quarter
Proj. Earnings Growth
128.21%
From $0.39 to $0.89 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.

4.64 out of 5 stars

Oils/Energy Sector

23rd out of 245 stocks

Oil & Gas Field Services, Not Elsewhere Classified Industry

3rd 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 four segments: 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; coiled tubing operations; 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 Energy Solutions Group Inc
Helix Reports First Quarter 2024 Results
HLX Apr 2024 7.000 put
Helix to Participate in Upcoming Events
Helix to Participate in Upcoming Events
See More Headlines
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Company Calendar

Last Earnings
4/24/2024
Today
5/25/2024
Next Earnings (Estimated)
7/24/2024
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
2,531
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
+31.0%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$-10,840,000.00
Pretax Margin
-0.99%

Debt

Sales & Book Value

Annual Sales
$1.29 billion
Cash Flow
$1.56 per share
Book Value
$9.62 per share

Miscellaneous

Free Float
142,742,000
Market Cap
$1.71 billion
Optionable
Optionable
Beta
2.50

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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 year. 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 equities research analysts have issued 12-month price objectives for Helix Energy Solutions Group's shares. Their HLX share price targets range from $13.00 to $17.00. On average, they anticipate the company's stock price to reach $14.67 in the next twelve months. This suggests a possible upside of 31.0% 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 on January 1st, 2024. Since then, HLX stock has increased by 8.9% and is now trading at $11.20.
View the best growth stocks for 2024 here
.

Are investors shorting Helix Energy Solutions Group?

Helix Energy Solutions Group saw a decrease in short interest in April. As of April 30th, there was short interest totaling 3,430,000 shares, a decrease of 6.0% from the April 15th total of 3,650,000 shares. Based on an average daily trading volume, of 1,710,000 shares, the short-interest ratio is currently 2.0 days. Currently, 2.4% of the company's shares 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 Wednesday, July 24th 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 Wednesday, April, 24th. The oil and gas company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by $0.05. The oil and gas company had revenue of $296.21 million for the quarter, compared to analysts' expectations of $303 million. Helix Energy Solutions Group had a positive trailing twelve-month return on equity of 3.22% and a negative net margin of 2.39%.

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

Helix Energy Solutions Group declared that its board has initiated a stock repurchase plan on Monday, February 20th 2023, which authorizes the company to buyback $200,000,000.00 in outstanding shares, according to EventVestor. This buyback authorization authorizes the company to reacquire up to 16.5% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's leadership believes its shares are undervalued.

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

Helix Energy Solutions Group issued an update on its FY 2024 earnings guidance on Wednesday, April, 17th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $1.2 billion-$1.4 billion, compared to the consensus revenue estimate of $1.3 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 shareholders include Vanguard Group Inc. (8.77%), Van ECK Associates Corp (1.75%), Public Employees Retirement Association of Colorado (1.24%), Mirae Asset Global Investments Co. Ltd. (0.89%), Principal Financial Group Inc. (0.52%) and Forge First Asset Management Inc. (0.47%). Insiders that own company stock include Diana Glassman, John Lovoi, Owen E Kratz 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 5/25/2024 by MarketBeat.com Staff

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