Do Helix Energy Solutions Group Inc (NYSE: HLX) Fit In A Value Investing Philosophy?

Currently, there are 151.94M common shares owned by the public and among those 141.46M shares have been available to trade.

Insiders at the company have transacted a total of 11 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 6 of these insider trades were purchases, accounting for 19,965 shares. Insider sales of the common stock occurred on 5 occasions, with total insider shares sold totaling 53,927 shares.

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The company’s stock has a 5-day price change of -6.56% and -1.30% over the past three months. HLX shares are trading -11.38% year to date (YTD), with the 12-month market performance up to 10.96% higher. It has a 12-month low price of $6.18 and touched a high of $11.88 over the same period. HLX has an average intraday trading volume of 2.26 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -5.57%, -7.12%, and -1.35% respectively.

Institutional ownership of Helix Energy Solutions Group Inc (NYSE: HLX) shares accounts for 92.96% of the company’s 151.94M shares outstanding.

It has a market capitalization of $1.37B and a beta (3y monthly) value of 2.53. The earnings-per-share (ttm) stands at -$0.07. Price movements for the stock have been influenced by the stock’s volatility, which stands at 5.13% over the week and 3.41% over the month.

Analysts forecast that Helix Energy Solutions Group Inc (HLX) will achieve an EPS of $0.05 for the current quarter, $0.2 for the next quarter and $0.84 for 2025. The lowest estimate earnings-per-share for the quarter is $0.01 while analysts give the company a high EPS estimate of $0.08. Comparatively, EPS for the current quarter was -$0.03 a year ago. Earnings per share for the fiscal year are expected to increase by 1045.19%, and 40.84% over the next financial year.

Looking at the support for the HLX, a number of firms have released research notes about the stock. BTIG Research stated their Buy rating for the stock in a research note on October 26, 2022, with the firm’s price target at $10. Evercore ISI coverage for the Helix Energy Solutions Group Inc (HLX) stock in a research note released on July 27, 2022 offered a Outperform rating with a price target of $8. Piper Sandler was of a view on February 01, 2022 that the stock is Overweight, while Piper Sandler gave the stock Neutral rating on July 28, 2021, issuing a price target of $5.30- $4.50. BofA Securities on their part issued Underperform rating on July 16, 2021.

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