After A -14.06% Drop In The Last Week, Does Helix Energy Solutions Group Inc. (NYSE: HLX) Still Make Sense To Buy? – Marketing Sentinel
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After A -14.06% Drop In The Last Week, Does Helix Energy Solutions Group Inc. (NYSE: HLX) Still Make Sense To Buy?

During the last session, Helix Energy Solutions Group Inc. (NYSE:HLX)’s traded shares were 2.69 million, with the beta value of the company hitting 2.77. At the end of the trading day, the stock’s price was $3.30, reflecting an intraday loss of -5.44% or -$0.19. The 52-week high for the HLX share is $6.70, that puts it down -103.03 from that peak though still a striking 12.73% gain since the share price plummeted to a 52-week low of $2.88. The company’s market capitalization is $522.16M, and the average intraday trading volume over the past 10 days was 2.42 million shares, and the average trade volume was 1.81 million shares over the past three months.

Helix Energy Solutions Group Inc. (HLX) received a consensus recommendation of an Overweight from analysts. That translates to a mean rating of 2.60. HLX has a Sell rating from 0 analyst(s) out of 8 analysts who have looked at this stock. 3 analyst(s) recommend to Hold the stock while 1 suggest Overweight, and 3 recommend a Buy rating for it. 1 analyst(s) has rated the stock Underweight. Company’s earnings per share (EPS) for the current quarter are expected to be -$0.15.

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Helix Energy Solutions Group Inc. (NYSE:HLX) trade information

Helix Energy Solutions Group Inc. (HLX) registered a -5.44% downside in the last session and has traded in the red over the past 5 sessions. The stock plummet -5.44% in intraday trading to $3.30 this Wednesday, 06/22/22, hitting a weekly high. The stock’s 5-day price performance is -14.06%, and it has moved by -21.80% in 30 days. Based on these gigs, the overall price performance for the year is -47.28%. The short interest in Helix Energy Solutions Group Inc. (NYSE:HLX) is 8.24 million shares and it means that shorts have 4.99 day(s) to cover.

The consensus price target of analysts on Wall Street is $6.21, which implies an increase of 46.86% to the stock’s current value. The extremes of the forecast give a target low and a target high price of $4.50 and $7.50 respectively. As a result, HLX is trading at a discount of -127.27% off the target high and -36.36% off the low.

Helix Energy Solutions Group Inc. (HLX) estimates and forecasts

Statistics show that Helix Energy Solutions Group Inc. has underperformed its competitors in share price, compared to the industry in which it operates. Helix Energy Solutions Group Inc. (HLX) shares have gone up 1.54% during the last six months, with a year-to-date growth rate less than the industry average at -43.90% against 19.70. Yet analysts are ramping up their growth forecast for the fiscal year 2022. Revenue is predicted to shrink -66.70% this quarter and then jump 46.20% in the quarter after that. In the rating firms’ projections, revenue will decrease -5.50% compared to the previous financial year.

Revenue for the current quarter is expected to be $153.92 million as predicted by 6 analyst(s). Meanwhile, a consensus of 6 analyst(s) estimates revenue growth to $168.31 million by the end of Sep 2022.

An analysis of the company’s performance over the past 5 years shows that the company’s earnings grew an estimated 10.80%. While earnings are projected to return -612.70% in 2022.

HLX Dividends

Helix Energy Solutions Group Inc. is due to release its next quarterly earnings between July 25 and July 29. However, it is important to remember that the dividend yield ratio is merely an indicator meant to only serve as guidance.

Helix Energy Solutions Group Inc. (NYSE:HLX)’s Major holders

Helix Energy Solutions Group Inc. insiders own 6.15% of total outstanding shares while institutional holders control 89.82%, with the float percentage being 95.70%. Blackrock Inc. is the largest shareholder of the company, while 260 institutions own stock in it. As of Mar 30, 2022, the company held over 24.42 million shares (or 16.10% of all shares), a total value of $116.73 million in shares.

The next largest institutional holding, with 13.2 million shares, is of Vanguard Group, Inc. (The)’s that is approximately 8.70% of outstanding shares. At the market price on Mar 30, 2022, these shares were valued at $63.09 million.

Also, the Mutual Funds coming in first place with the largest holdings of Helix Energy Solutions Group Inc. (HLX) shares are iShares Core S&P Smallcap ETF and VanEck ETF Trust-VanEck Oil Services ETF. Data provided on Apr 29, 2022 indicates that iShares Core S&P Smallcap ETF owns about 10.16 million shares. This amounts to just over 6.70 percent of the company’s overall shares, with a $41.78 million market value. The same data shows that the other fund manager holds slightly less at 6.71 million, or about 4.43% of the stock, which is worth about $31.15 million.

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