Helix Energy Solutions Group Inc. (NYSE: HLX) stock jumped 0.89% on Tuesday to $6.82 against a previous-day closing price of $6.76. With 1.15 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.87 million shares. During the session, the Oil & Gas Equipment & Services company that operates in wider Energy sector, reached to the highest price of $6.91 whereas the lowest price it dropped to was $6.74. The 52-week range on HLX shows that it touched its highest point at $9.16 and its lowest point at $2.47 during that stretch. It currently has a 1-year price target of $11.00. Beta for the stock currently stands at 2.79.
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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 3.33%, but this was down by -13.23% over a month. Three-month performance dropped to -14.43% while six-month performance rose 2.40%. The stock gained 61.61% in the past year, while it has lost -7.59% so far this year. A look at the trailing 12-month EPS for HLX yields -0.34 with Next year EPS estimates of 0.68. For the next quarter, that number is 0.03. This implies an EPS growth rate of -40.90% for this year and 55.15% for next year.
Float and Shares Shorts:
At present, 151.76 million HLX shares are outstanding with a float of 142.49 million shares on hand for trading. On Apr 27, 2023, short shares totaled 9.04 million, which was 5.97% higher than short shares on Mar 30, 2023. In addition to Mr. Owen E. Kratz as the firm’s Pres, CEO & Director, Mr. Erik Staffeldt serves as its Exec. VP & CFO.
Through their ownership of 94.99% of HLX’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 53.55% of HLX, in contrast to 40.72% held by mutual funds. Shares owned by individuals account for 13.44%. As the largest shareholder in HLX with 14.92% of the stake, BlackRock Fund Advisors holds 22,599,572 shares worth 22,599,572. A second-largest stockholder of HLX, The Vanguard Group, Inc., holds 13,208,646 shares, controlling over 8.72% of the firm’s shares. Dimensional Fund Advisors LP is the third largest shareholder in HLX, holding 9,621,561 shares or 6.35% stake. With a 6.84% stake in HLX, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 10,357,388 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.95% of HLX stock, is the second-largest Mutual Fund holder. It holds 4,466,722 shares valued at 32.38 million. VanEck Oil Services ETF holds 2.65% of the stake in HLX, owning 4,018,463 shares worth 29.13 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 Mar 30, 2023, HLX reported revenue of $162.61M and operating income of -$18.98M. The EBITDA in the recently reported quarter was -$23.47M and diluted EPS was -$0.20.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for HLX since 0 analysts follow the stock currently. 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 $13.00 and a low target of $8.00, the average target price over the next 12 months is $11.00. Based on these targets, HLX could surge 90.62% to reach the target high and rise by 17.3% to reach the target low. Reaching the average price target will result in a growth of 61.29% 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.
Summary of Insider Activity:
Insiders traded HLX stock several times over the past three months with 2 Buys and 1 Sells. In these transactions, 7,267 shares were bought while 75,000 shares were sold. The number of buy transactions has increased to 31 while that of sell transactions has risen to 24 over the past year. The total number of shares bought during that period was 1,010,098 while 805,347 shares were sold.