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

$12.43
-0.11 (-0.88%)
(As of 07/26/2024 ET)
Today's Range
$12.41
$12.89
50-Day Range
$10.16
$12.83
52-Week Range
$8.82
$13.05
Volume
2.37 million shs
Average Volume
1.78 million shs
Market Capitalization
$1.89 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$15.67

Helix Energy Solutions Group MarketRank™ Stock Analysis

Analyst Rating
Buy
3.00 Rating Score
Upside/​Downside
26.0% Upside
$15.67 Price Target
Short Interest
Healthy
3.71% of Float Sold Short
Dividend Strength
N/A
Sustainability
-5.70
Upright™ Environmental Score
News Sentiment
1.59mentions of Helix Energy Solutions Group in the last 14 days
Based on 6 Articles This Week
Insider Trading
Selling Shares
$1.93 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.

4.40 out of 5 stars

Oils/Energy Sector

86th out of 248 stocks

Oil & Gas Field Services, Not Elsewhere Classified Industry

6th out of 18 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

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Helix Energy Solutions Group Inc
Helix Reports First Quarter 2024 Results
See More Headlines
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Company Calendar

Last Earnings
7/24/2024
Today
7/26/2024
Next Earnings (Estimated)
10/28/2024
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
$15.67
High Stock Price Target
$17.00
Low Stock Price Target
$14.00
Potential Upside/Downside
+26.0%
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
$1.55 per share
Book Value
$9.96 per share

Miscellaneous

Free Float
142,742,000
Market Cap
$1.89 billion
Optionable
Optionable
Beta
2.45

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HLX Stock Analysis - Frequently Asked Questions

How have HLX shares performed this year?

Helix Energy Solutions Group's stock was trading at $10.28 at the beginning of 2024. Since then, HLX stock has increased by 20.9% and is now trading at $12.43.
View the best growth stocks for 2024 here
.

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

Helix Energy Solutions Group, Inc. (NYSE:HLX) issued its quarterly earnings results on Wednesday, July, 24th. The oil and gas company reported $0.21 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.03. The oil and gas company earned $364.80 million during the quarter, compared to analyst estimates of $353.19 million. Helix Energy Solutions Group had a negative net margin of 0.49% and a positive trailing twelve-month return on equity of 4.35%.

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

Helix Energy Solutions Group's Board of Directors approved a stock buyback plan on Monday, February 20th 2023, which allows the company to buy back $200,000,000 in shares, according to EventVestor. This means that the company could reacquire up to 16.5% of its stock through open market purchases. Stock buyback plans are generally a sign that the company's leadership believes its stock is undervalued.

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.

Who are Helix Energy Solutions Group's major shareholders?

Top institutional shareholders of Helix Energy Solutions Group include Assenagon Asset Management S.A. (1.52%), Bank of New York Mellon Corp (0.71%), Louisiana State Employees Retirement System (0.05%) and Diversified Trust Co (0.03%). Insiders that own company stock include Owen E Kratz, John Lovoi, Scott Andrew Sparks and Diana Glassman.
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.

What other stocks do shareholders of Helix Energy Solutions Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that 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) and Marathon Oil (MRO).

This page (NYSE:HLX) was last updated on 7/27/2024 by MarketBeat.com Staff

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