The price of Helix Energy Solutions Group Inc. (NYSE:HLX) shares last traded on Wall Street rose 6.44% to $7.93.
Based on available information, 7 analysts follow Helix Energy Solutions Group Inc. (NYSE:HLX). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $13.00 and a low of $8.00, we find $11.50. Given the previous closing price of $7.45, this indicates a potential upside of 54.36 percent. HLX stock price is now 14.29% away from the 50-day moving average and 16.09% away from the 200-day moving average. The market capitalization of the company currently stands at $1.13B.
Among analysts, 1 rate the stock a hold while 5 rate it a buy. Brokers who have rated the stock have averaged $11.17 as their price target over the next twelve months.
With the price target maintained at $10, BTIG Research recently Upgraded its rating from Neutral to Buy for Helix Energy Solutions Group Inc. (NYSE: HLX).
In other news, Sparks Scott Andrew, EVP and COO sold 20,000 shares of the company’s stock on Jun 08. The stock was sold for $148,000 at an average price of $7.40. Upon completion of the transaction, the EVP and COO now directly owns 173,948 shares in the company, valued at $1.38 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Feb 27, EVP and COO Sparks Scott Andrew sold 75,000 shares of the business’s stock. A total of $633,000 was realized by selling the stock at an average price of $8.44. This leaves the insider owning 193,948 shares of the company worth $1.54 million. Insiders disposed of 805,347 shares of company stock worth roughly $6.39 million over the past 1 year. A total of 0.80% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in HLX stock. A new stake in Helix Energy Solutions Group Inc. shares was purchased by GEOSPHERE CAPITAL MANAGEMENT, LLC during the first quarter worth $3,965,000. HRT FINANCIAL LP invested $2,054,000 in shares of HLX during the first quarter. In the first quarter, RICE HALL JAMES & ASSOCIATES, LLC acquired a new stake in Helix Energy Solutions Group Inc. valued at approximately $1,738,000. AMUNDI acquired a new stake in HLX for approximately $1,571,000. RAYMOND JAMES FINANCIAL SERVICES ADVISORS, INC. purchased a new stake in HLX valued at around $1,401,000 in the second quarter. In total, there are 296 active investors with 88.40% ownership of the company’s stock.
A candlestick chart of Helix Energy Solutions Group Inc. (NYSE: HLX) showed a price of $7.47 on Friday morning. During the past 12 months, Helix Energy Solutions Group Inc. has had a low of $2.47 and a high of $9.16. As of last week, the company has a debt-to-equity ratio of 0.17, a current ratio of 1.60, and a quick ratio of 1.60. The fifty day moving average price for HLX is $6.95 and a two-hundred day moving average price translates $6.85 for the stock.
The latest earnings results from Helix Energy Solutions Group Inc. (NYSE: HLX) was released for Mar, 2023. According to the Oil & Gas Equipment & Services Company, earnings per share came in at -$0.03, beating analysts’ expectations of -$0.04 by 0.01. This compares to -$0.28 EPS in the same period last year. The net profit margin was -5.20% and return on equity was -3.40% for HLX. The company reported revenue of $250.08 million for the quarter, compared to $150.12 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 66.58 percent. For the current quarter, analysts expect HLX to generate $273.95M in revenue.
Helix Energy Solutions Group Inc.(HLX) Company Profile
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 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; 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.
