Wall Street analysts’ outlook for Helix Energy Solutions Group Inc. (HLX)

Helix Energy Solutions Group Inc. (NYSE: HLX) stock fell -2.22% on Friday to $3.97 against a previous-day closing price of $4.06. With 1.74 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.32 million shares. During the session, the Oil & Gas Equipment & Services company that operates in wider Energy sector, reached to the highest price of $4.1300 whereas the lowest price it dropped to was $3.9200. The 52-week range on HLX shows that it touched its highest point at $5.78 and its lowest point at $2.47 during that stretch. It currently has a 1-year price target of $6.12. Beta for the stock currently stands at 2.92.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of HLX was up-trending over the past week, with a rise of 9.97%, but this was up by 41.28% over a month. Three-month performance dropped to -5.48% while six-month performance rose 2.85%. The stock lost -5.92% in the past year, while it has gained 27.24% so far this year. A look at the trailing 12-month EPS for HLX yields -0.77 with Next year EPS estimates of -0.03. For the next quarter, that number is -0.05. This implies an EPS growth rate of -612.70% for this year and 71.90% for next year.

Float and Shares Shorts:

At present, 151.21 million HLX shares are outstanding with a float of 142.32 million shares on hand for trading. On Jul 14, 2022, short shares totaled 8.45 million, which was 5.57% higher than short shares on Jun 14, 2022. In addition to Mr. Owen E. Kratz as the firm’s Pres, CEO & Director, Mr. Erik Staffeldt serves as its Exec. VP & CFO.

Institutional Ownership:

Through their ownership of 90.03% of HLX’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 62.30% of HLX, in contrast to 28.10% held by mutual funds. Shares owned by individuals account for 13.36%. As the largest shareholder in HLX with 14.78% of the stake, BlackRock Fund Advisors holds 22,415,749 shares worth 22,415,749. A second-largest stockholder of HLX, The Vanguard Group, Inc., holds 12,872,932 shares, controlling over 8.49% of the firm’s shares. Victory Capital Management, Inc. is the third largest shareholder in HLX, holding 8,014,662 shares or 5.29% stake. With a 6.63% stake in HLX, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 10,051,065 shares are owned by the mutual fund manager. The VanEck Oil Services ETF, which owns about 5.17% of HLX stock, is the second-largest Mutual Fund holder. It holds 7,843,317 shares valued at 24.31 million. Victory Sycamore Small Company Op holds 3.67% of the stake in HLX, owning 5,568,000 shares worth 17.26 million.

An Overview of Recent Financials:

Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2022, HLX reported revenue of $162.61M and operating income of -$18.98M. Over the past year, revenue came in at $662.11M while operating income stood at -$89.14M. It generated -$29.70M net income for the quarter, which came to -$116.68M over the last twelve months. The EBITDA in the recently reported quarter was $9.93M and diluted EPS was -$0.20. EBITDA for the full year was $40.34M.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HLX since 7 analysts follow the stock currently. There are 4 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 1 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With HLX analysts setting a high price target of $8.00 and a low target of $3.25, the average target price over the next 12 months is $6.13. Based on these targets, HLX could surge 101.51% to reach the target high and fall by -18.14% to reach the target low. Reaching the average price target will result in a growth of 54.41% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. HLX will report FY 2022 earnings on 02/20/2023. Analysts have provided yearly estimates in a range of -$0.35 being high and -$0.75 being low. For HLX, this leads to a yearly average estimate of -$0.53. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Helix Energy Solutions Group Inc. surprised analysts by -$0.04 when it reported -$0.20 EPS against a consensus estimate of -$0.16. The surprise factor in the prior quarter was -$0.07. Based on analyst estimates, the high estimate for the next quarter is $0.12 and the low estimate is -$0.15. The average estimate for the next quarter is thus -$0.01.

Summary of Insider Activity:

Insiders traded HLX stock several times over the past three months with 2 Buys and 0 Sells. In these transactions, 14,867 shares were bought while 0 shares were sold. The number of buy transactions has increased to 22 while that of sell transactions has risen to 18 over the past year. The total number of shares bought during that period was 1,257,446 while 589,614 shares were sold.

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