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

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.

3 Wall Street analysts have issued twelve-month price targets for Helix Energy Solutions Group's shares. Their HLX share price forecasts range from $10.00 to $14.00. On average, they anticipate the company's share price to reach $12.33 in the next year. This suggests a possible upside of 27.4% 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 on January 1st, 2023. Since then, HLX shares have increased by 31.2% and is now trading at $9.68.
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Helix Energy Solutions Group saw a increase in short interest in July. As of July 31st, there was short interest totaling 8,240,000 shares, an increase of 13.7% from the July 15th total of 7,250,000 shares. Based on an average trading volume of 1,570,000 shares, the short-interest ratio is presently 5.2 days. Currently, 5.8% of the shares of the company are sold short.
View Helix Energy Solutions Group's Short Interest.

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 Tuesday, October, 19th. The oil and gas company reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of ($0.10) by $0.03. The oil and gas company had revenue of $180.72 million for the quarter, compared to the consensus estimate of $172.62 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%. During the same period in the prior year, the business earned $0.10 earnings per share.

ETFs with the largest weight of Helix Energy Solutions Group (NYSE:HLX) stock in their portfolio include Invesco Dynamic 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), Changebridge Select Equity ETF (CBSE), Changebridge Long/Short Equity ETF (CBLS), Invesco DWA Energy Momentum ETF (PXI) and VanEck Oil Services ETF (OIH).

Helix Energy Solutions Group declared that its board has approved a stock repurchase program 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 buy up to 16.5% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Helix Energy Solutions Group issued an update on its FY 2023 earnings guidance on Thursday, July, 27th. The company provided EPS 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."

Helix Energy Solutions Group's stock is owned by a variety of institutional and retail investors. Top institutional shareholders include BlackRock Inc. (16.29%), Dimensional Fund Advisors LP (6.60%), Assenagon Asset Management S.A. (2.77%), Van ECK Associates Corp (2.67%), Geode Capital Management LLC (1.86%) and Bank of New York Mellon Corp (1.64%). Insiders that own company stock include John Lovoi and Scott Andrew Sparks.
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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 $9.68.

Helix Energy Solutions Group (NYSE:HLX) has a market capitalization of $1.46 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.