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NYSE:HLX

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

Helix Energy Solutions Group logo
$9.95 -0.36 (-3.49%)
(As of 11/15/2024 ET)

About Helix Energy Solutions Group Stock (NYSE:HLX)

Key Stats

Today's Range
$9.95
$10.43
50-Day Range
$9.19
$11.20
52-Week Range
$8.82
$13.05
Volume
1.14 million shs
Average Volume
1.82 million shs
Market Capitalization
$1.51 billion
P/E Ratio
248.81
Dividend Yield
N/A
Price Target
$14.50
Consensus Rating
Buy

Company Overview

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.

Helix Energy Solutions Group Stock Analysis - MarketRank™

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92nd Percentile Overall Score

HLX MarketRank™: 

Helix Energy Solutions Group scored higher than 92% of companies evaluated by MarketBeat, and ranked 25th out of 265 stocks in the oils/energy sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Helix Energy Solutions Group has received a consensus rating of Buy. The company's average rating score is 3.00, and is based on 1 buy rating, 1 hold rating, and no sell ratings.

  • Amount of Analyst Coverage

    Helix Energy Solutions Group has only been the subject of 3 research reports in the past 90 days.

  • Read more about Helix Energy Solutions Group's stock forecast and price target.
  • Earnings Growth

    Earnings for Helix Energy Solutions Group are expected to grow by 179.31% in the coming year, from $0.29 to $0.81 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Helix Energy Solutions Group is 248.81, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 120.61.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Helix Energy Solutions Group is 248.81, which means that it is trading at a more expensive P/E ratio than the Oils/Energy sector average P/E ratio of about 12.09.

  • Price to Book Value per Share Ratio

    Helix Energy Solutions Group has a P/B Ratio of 0.96. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

  • Read more about Helix Energy Solutions Group's valuation and earnings.
  • Percentage of Shares Shorted

    4.62% of the float of Helix Energy Solutions Group has been sold short.
  • Short Interest Ratio / Days to Cover

    Helix Energy Solutions Group has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Helix Energy Solutions Group has recently increased by 16.37%, indicating that investor sentiment is decreasing significantly.
  • Dividend Yield

    Helix Energy Solutions Group does not currently pay a dividend.

  • Dividend Growth

    Helix Energy Solutions Group does not have a long track record of dividend growth.

  • Percentage of Shares Shorted

    4.62% of the float of Helix Energy Solutions Group has been sold short.
  • Short Interest Ratio / Days to Cover

    Helix Energy Solutions Group has a short interest ratio ("days to cover") of 3.5, which is generally considered an acceptable ratio of short interest to trading volume.
  • Change versus previous month

    Short interest in Helix Energy Solutions Group has recently increased by 16.37%, indicating that investor sentiment is decreasing significantly.
  • News Sentiment

    Helix Energy Solutions Group has a news sentiment score of 0.69. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Oils/Energy companies.
  • News Coverage This Week

    MarketBeat has tracked 5 news articles for Helix Energy Solutions Group this week, compared to 3 articles on an average week.
  • Search Interest

    Only 3 people have searched for HLX on MarketBeat in the last 30 days. This is a decrease of -67% compared to the previous 30 days.
  • MarketBeat Follows

    4 people have added Helix Energy Solutions Group to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Helix Energy Solutions Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $3,557,154.00 in company stock.

  • Percentage Held by Insiders

    Only 6.37% of the stock of Helix Energy Solutions Group is held by insiders.

  • Percentage Held by Institutions

    91.33% of the stock of Helix Energy Solutions Group is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Helix Energy Solutions Group's insider trading history.
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HLX Stock News Headlines

Helix Energy added to Analyst Current Favorites list at Raymond James
Helix Energy price target lowered to $15 from $16 at TD Cowen
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TD Cowen Remains a Buy on Helix Energy (HLX)
See More Headlines

HLX Stock Analysis - Frequently Asked Questions

Helix Energy Solutions Group's stock was trading at $10.28 at the beginning of the year. Since then, HLX stock has decreased by 3.2% and is now trading at $9.95.
View the best growth stocks for 2024 here
.

Helix Energy Solutions Group, Inc. (NYSE:HLX) issued its earnings results on Wednesday, October, 23rd. The oil and gas company reported $0.19 EPS for the quarter, beating the consensus estimate of $0.17 by $0.02. The oil and gas company had revenue of $342.42 million for the quarter, compared to analysts' expectations of $354.74 million. Helix Energy Solutions Group had a trailing twelve-month return on equity of 4.39% and a net margin of 0.54%.

Helix Energy Solutions Group's board initiated a stock buyback plan on Monday, February 20th 2023, which allows the company to repurchase $200,000,000 in shares, according to EventVestor. This means that the company could repurchase up to 16.5% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's board believes its shares are undervalued.

Top institutional shareholders of Helix Energy Solutions Group include State Street Corp (4.38%), Pacer Advisors Inc. (3.70%), Geode Capital Management LLC (2.16%) and Wellington Management Group LLP (1.90%). Insiders that own company stock include Owen E Kratz, John Lovoi, Scott Andrew Sparks and Diana Glassman.
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 Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Helix Energy Solutions Group investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Arista Networks (ANET), Invesco QQQ (QQQ), Novo Nordisk A/S (NVO) and Advanced Micro Devices (AMD).

Company Calendar

Last Earnings
10/23/2024
Today
11/16/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/24/2025

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
$14.50
High Stock Price Target
$15.00
Low Stock Price Target
$14.00
Potential Upside/Downside
+45.7%
Consensus Rating
Buy
Rating Score (0-4)
3.00
Research Coverage
3 Analysts

Profitability

Net Income
$-10,840,000.00
Pretax Margin
2.87%

Debt

Sales & Book Value

Annual Sales
$1.34 billion
Cash Flow
$1.48 per share
Book Value
$10.33 per share

Miscellaneous

Free Float
142,415,000
Market Cap
$1.51 billion
Optionable
Optionable
Beta
2.43

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This page (NYSE:HLX) was last updated on 11/17/2024 by MarketBeat.com Staff
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