The time has not yet come to remove your chips from the table: Helix Energy Solutions Group Inc. (HLX)

Helix Energy Solutions Group Inc. (NYSE: HLX) stock fell -1.04% on Tuesday to $7.58 against a previous-day closing price of $7.66. With 0.91 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.95 million shares. During the session, the Oil & Gas Equipment & Services company that operates in wider Energy sector, reached to the highest price of $7.65 whereas the lowest price it dropped to was $7.47. The 52-week range on HLX shows that it touched its highest point at $8.14 and its lowest point at $2.47 during that stretch. It currently has a 1-year price target of $8.79. Beta for the stock currently stands at 2.88.

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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 down-trending over the past week, with a drop of -5.72%, but this was up by 11.80% over a month. Three-month performance surged to 59.92% while six-month performance rose 165.96%. The stock gained 128.31% in the past year, while it has gained 2.71% so far this year. A look at the trailing 12-month EPS for HLX yields -0.77 with Next year EPS estimates of 0.29. For the next quarter, that number is 0.00. This implies an EPS growth rate of -612.70% for this year and 149.20% for next year.

Float and Shares Shorts:

At present, 151.33 million HLX shares are outstanding with a float of 142.49 million shares on hand for trading. On Oct 13, 2022, short shares totaled 6.98 million, which was 4.60% higher than short shares on Sep 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 89.28% of HLX’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 52.61% of HLX, in contrast to 36.48% held by mutual funds. Shares owned by individuals account for 13.46%. As the largest shareholder in HLX with 14.77% of the stake, BlackRock Fund Advisors holds 22,426,673 shares worth 22,426,673. A second-largest stockholder of HLX, The Vanguard Group, Inc., holds 12,863,289 shares, controlling over 8.47% of the firm’s shares. Dimensional Fund Advisors LP is the third largest shareholder in HLX, holding 7,811,404 shares or 5.15% stake. With a 6.95% stake in HLX, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 10,552,121 shares are owned by the mutual fund manager. The VanEck Oil Services ETF, which owns about 3.38% of HLX stock, is the second-largest Mutual Fund holder. It holds 5,124,375 shares valued at 37.82 million. Vanguard Total Stock Market Index holds 2.95% of the stake in HLX, owning 4,472,007 shares worth 33.0 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HLX since 8 analysts follow the stock currently. There are 5 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 1 believe that the stock is worth HOLDING, 1 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 $10.00 and a low target of $7.00, the average target price over the next 12 months is $8.79. Based on these targets, HLX could surge 31.93% to reach the target high and fall by -7.65% to reach the target low. Reaching the average price target will result in a growth of 15.96% 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 02/20/2024. Analysts have provided yearly estimates in a range of -$0.23 being high and -$0.63 being low. For HLX, this leads to a yearly average estimate of -$0.54. 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 -$0.14 when it reported -$0.12 EPS against a consensus estimate of $0.02. The surprise factor in the prior quarter was -$0.04. Based on analyst estimates, the high estimate for the next quarter is $0.04 and the low estimate is -$0.03. 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 16 Buys and 16 Sells. In these transactions, 772,981 shares were bought while 535,425 shares were sold. The number of buy transactions has increased to 26 while that of sell transactions has risen to 17 over the past year. The total number of shares bought during that period was 834,682 while 538,945 shares were sold.

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