Helix Energy Solutions Group Inc. (NYSE:HLX)’s traded shares stood at 2.02 million during the last session, with the company’s beta value hitting 2.80. At the close of trading, the stock’s price was $7.39, to imply an increase of 0.68% or $0.05 in intraday trading. The HLX share’s 52-week high remains $9.16, putting it -23.95% down since that peak but still an impressive 66.58% since price per share fell to its 52-week low of $2.47. The company has a valuation of $1.14B, with an average of 2.3 million shares in intraday trading volume over the past 10 days and average of 1.98 million shares over the past 3 months.
Analysts have given a consensus recommendation of an Overweight for Helix Energy Solutions Group Inc. (HLX), translating to a mean rating of 2.10. Of 7 analyst(s) looking at the stock, 0 analyst(s) give HLX a Sell rating. 1 of those analysts rate the stock as Overweight while 1 advise Hold as 4 recommend it as a Buy. 1 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.
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Helix Energy Solutions Group Inc. (NYSE:HLX) trade information
After registering a 0.68% upside in the last session, Helix Energy Solutions Group Inc. (HLX) has traded red over the past five days. The stock hit a weekly high of 8.20 this Thursday, 03/16/23, jumping 0.68% in its intraday price action. The 5-day price performance for the stock is -7.51%, and -8.54% over 30 days. With these gigs, the year-to-date price performance is 0.14%. Short interest in Helix Energy Solutions Group Inc. (NYSE:HLX) saw shorts transact 7.44 million shares and set a 4.71 days time to cover.
Analysts on Wall Street suggest a consensus price target of $10.71, implying an increase of 31.0% to the stock’s current value. The extremes give us $8.25 and $12.00 for target low and target high price respectively. As such, HLX has been trading -62.38% off suggested target high and -11.64% from its likely low.
Helix Energy Solutions Group Inc. (HLX) estimates and forecasts
Looking at statistics comparing Helix Energy Solutions Group Inc. share performance against respective industry, we note that the company has outperformed competitors. Helix Energy Solutions Group Inc. (HLX) shares are 60.30% up over the last 6 months, with its year-to-date growth rate higher than industry average at 237.50% against 44.90%. Revenue is forecast to grow 100.00% this quarter before jumping 92.90% for the next one. The rating firms project that company’s revenue will grow 25.30% compared to the previous financial year.
Revenue forecast for the current quarter as set by 6 analysts is $253.54 million. Meanwhile, for the quarter ending Mar 2023, a total of 6 analyst(s) estimate revenue growth to $221.66 million.Earnings reports from the last fiscal year show that sales brought in $168.66 million and $150.12 million respectively in the corresponding quarters. In this case, analysts estimate current quarter sales to rise 50.30% before jumping 47.70% in the following quarter.
Helix Energy Solutions Group Inc. has its next earnings report out between April 24 and April 28. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Helix Energy Solutions Group Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.
Helix Energy Solutions Group Inc. (NYSE:HLX)’s Major holders
Helix Energy Solutions Group Inc. insiders hold 6.25% of total outstanding shares, with institutional holders owning 88.11% of the shares at 93.99% float percentage. In total, 88.11% institutions holds shares in the company, led by Blackrock Inc. As of Sep 29, 2022, the company held over 24.59 million shares (or 16.20% of shares), all amounting to roughly $94.92 million.
The next major institution holding the largest number of shares is Vanguard Group, Inc. (The) with 13.09 million shares, or about 8.62% of shares outstanding. As of the market price on Sep 29, 2022, these shares were worth $50.52 million.
We also have iShares Core S&P Smallcap ETF and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Helix Energy Solutions Group Inc. (HLX) shares. Going by data provided on Dec 30, 2022, iShares Core S&P Smallcap ETF holds roughly 10.65 million shares. This is just over 7.02% of the total shares, with a market valuation of $78.61 million. Data from the same date shows that the other fund manager holds a little less at 4.62 million, or 3.05% of the shares, all valued at about 17.85 million.