Helix Energy Solutions Group (HLX) Stock Overview
An offshore energy services company, provides specialty services to the offshore energy industry in Brazil, the United States, North Sea, the Asia Pacific, West Africa, and internationally. More details
| Snowflake Score | |
|---|---|
| Valuation | 2/6 |
| Future Growth | 3/6 |
| Past Performance | 1/6 |
| Financial Health | 5/6 |
| Dividends | 0/6 |
HLX Community Fair Values
Create NarrativeSee what 31 others think this stock is worth. Follow their fair value or set your own to get alerts.
Analyst Price Targets
Helix Energy Solutions Group, Inc. Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$10.22 |
| 52 Week High | US$10.75 |
| 52 Week Low | US$5.52 |
| Beta | 1.16 |
| 1 Month Change | 11.57% |
| 3 Month Change | 18.84% |
| 1 Year Change | 58.94% |
| 3 Year Change | 49.85% |
| 5 Year Change | 112.47% |
| Change since IPO | 104.40% |
Recent News & Updates
Seeking Alpha • Apr 29
Helix Energy Solutions: Reiterating Buy Rating After Proposed Hornbeck Offshore Reverse Merger
Summary Last week, Helix Energy Solutions reported first quarter results largely in line with muted expectations. On Friday, the company announced a surprise reverse merger transaction with leading offshore support vessel provider Hornbeck Offshore Services. The combined company will have a significantly improved margin profile and should continue to generate strong cash flows. On the flip side, I am concerned about ambitious synergy targets and the potential overhang from Hornbeck Offshore Services's shareholder structure. In sum, I am reducing my price target from $14.00 for Helix Energy Solutions on a standalone basis to $13.00 for the combined company while reiterating my "Buy" rating on the shares. Read the full article on Seeking Alpha
Narrative Update • Apr 29
HLX: Free Cash Flow And 2026 Guidance Visibility Will Drive Upside
Analysts have raised their price target on Helix Energy Solutions Group to $13 from $12, citing solid free cash flow generation and improved forward visibility, despite some one-off impacts in the 2026 outlook. Analyst Commentary Bullish analysts are framing the higher US$13 price target as a reflection of confidence in Helix Energy Solutions Group's ability to keep turning its operations into solid free cash flow, even while the broader oilfield services space remains challenging.Recent updates
Seeking Alpha • Apr 29
Helix Energy Solutions: Reiterating Buy Rating After Proposed Hornbeck Offshore Reverse Merger
Summary Last week, Helix Energy Solutions reported first quarter results largely in line with muted expectations. On Friday, the company announced a surprise reverse merger transaction with leading offshore support vessel provider Hornbeck Offshore Services. The combined company will have a significantly improved margin profile and should continue to generate strong cash flows. On the flip side, I am concerned about ambitious synergy targets and the potential overhang from Hornbeck Offshore Services's shareholder structure. In sum, I am reducing my price target from $14.00 for Helix Energy Solutions on a standalone basis to $13.00 for the combined company while reiterating my "Buy" rating on the shares. Read the full article on Seeking AlphaNarrative Update • Apr 29
HLX: Free Cash Flow And 2026 Guidance Visibility Will Drive Upside
Analysts have raised their price target on Helix Energy Solutions Group to $13 from $12, citing solid free cash flow generation and improved forward visibility, despite some one-off impacts in the 2026 outlook. Analyst Commentary Bullish analysts are framing the higher US$13 price target as a reflection of confidence in Helix Energy Solutions Group's ability to keep turning its operations into solid free cash flow, even while the broader oilfield services space remains challenging.Narrative Update • Apr 15
HLX: Free Cash Flow And 2026 Visibility Will Support Further Upside
Analysts have lifted their price target on Helix Energy Solutions Group to $13 from $12, citing solid free cash flow generation, clarity around 2026 guidance despite a one off item, and improved confidence reflected in slightly higher long term revenue growth and profit margin assumptions, along with a modestly lower discount rate and P/E multiple. Analyst Commentary Bullish analysts are pointing to the higher US$13 price target as a sign of growing confidence in Helix Energy Solutions Group's ability to turn its current positioning into value for shareholders.
Narrative Update • Mar 31
HLX: One-Time 2026 Item Will Weaken Confidence In Earnings Outlook
Analysts have raised their price target on Helix Energy Solutions Group to $13 from $12, citing solid free cash flow generation and clearer long-term guidance, even with some impact from a one-time 2026 item. Analyst Commentary Analysts highlighting Helix Energy Solutions Group point to solid free cash flow generation even in a challenging oilfield services backdrop.Narrative Update • Mar 17
HLX: Free Cash Flow And 2026 Guidance Will Support Further Upside
Analysts have raised their price target on Helix Energy Solutions Group to $13 from $12, citing steady free cash flow in a challenging oilfield services environment. They also view the company's ability to offer 2026 guidance, despite a one-time item, as an indication of solid visibility.Narrative Update • Mar 03
HLX: Solid Free Cash Flow And 2026 Visibility Will Support Upside
Analysts have raised their price target on Helix Energy Solutions Group to $14 from $12, citing the company's ability to continue generating solid free cash flow despite a challenging oilfield services environment and their view that one-off items within 2026 guidance do not diminish the value of having full-year visibility. Analyst Commentary Bullish analysts see the latest price target increase as a signal that Helix Energy Solutions Group is executing well in a tough oilfield services backdrop, with free cash flow playing a central role in their view of the stock.Narrative Update • Feb 17
HLX: Extended Alliance And North Sea P&A Contract Will Support Upside
Analysts have kept their $12.00 price target on Helix Energy Solutions Group unchanged. They point to relatively steady assumptions around discount rate, revenue growth, profit margin and future P/E in their updated models.Analysis Article • Feb 08
Is Helix Energy Solutions Group (NYSE:HLX) Using Too Much Debt?
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Narrative Update • Feb 03
HLX: North Sea P&A Contract Will Support Future Earnings Strength
Analysts have modestly adjusted their price target for Helix Energy Solutions Group to US$12.00, reflecting updated assumptions around discount rates, revenue growth, profit margins and future P/E multiples. What's in the News Secured a multi-year contract with a major operator for riserless plug and abandonment work on up to 34 subsea wells in the UK North Sea, with operations scheduled to start in 2026.Analysis Article • Jan 24
With Helix Energy Solutions Group, Inc. (NYSE:HLX) It Looks Like You'll Get What You Pay For
There wouldn't be many who think Helix Energy Solutions Group, Inc.'s ( NYSE:HLX ) price-to-sales (or "P/S") ratio of...Narrative Update • Jan 19
HLX: New North Sea Contract Will Support Continued Earnings Strength
Analysts have raised their price target for Helix Energy Solutions Group from US$11.00 to US$12.00, citing updated assumptions around fair value, discount rate, revenue growth, profit margins, and future P/E that modestly adjust their overall valuation framework. What's in the News Helix secured a multi year contract with a major operator for riserless plug and abandonment work on up to 34 subsea wells in the UK North Sea, starting in 2026.Analysis Article • Jan 06
The Return Trends At Helix Energy Solutions Group (NYSE:HLX) Look Promising
If you're not sure where to start when looking for the next multi-bagger, there are a few key trends you should keep an...Narrative Update • Jan 05
HLX: North Sea Contract Will Drive Stronger Earnings Outlook Ahead
Analysts have trimmed their price target on Helix Energy Solutions Group by approximately 11 percent to reflect a slightly lower fair value estimate of about $8.00 per share, citing modestly softer profit margin assumptions and a reduced future P/E multiple, which more than offset a marginally improved revenue growth outlook. What's in the News Secured a multi year contract with a major operator for riserless plug and abandonment work on up to 34 subsea wells in the UK North Sea starting in 2026, using Helix owned intervention vessels and related subsea assets (Key Developments) Announced that long time Chief Executive Officer Owen Kratz plans to retire, and that he will remain in the role until the Board appoints a successor to ensure a smooth leadership transition (Key Developments) Tightened full year 2025 earnings guidance and reiterated expected revenues in the range of approximately $1.23 billion to $1.29 billion, reflecting year to date results and seasonal fourth quarter variability (Key Developments) Reported completion of its share repurchase program announced in February 2023, having bought back about 9.1 million shares, or roughly 6 percent of shares outstanding, for $71.49 million, with no additional shares repurchased in the most recent tranche (Key Developments) Valuation Changes The fair value estimate has been reduced from about $9.00 to $8.00 per share, representing an approximate 11 percent downward adjustment.
Narrative Update • Dec 15
HLX: Share Repurchase And 2025 Guidance Will Drive Bullish Upside
Analysts made no change to their price target for Helix Energy Solutions Group, maintaining it at 9.75 dollars. Slight adjustments to the discount rate, revenue growth, profit margin, and future valuation multiples were viewed as too minor to alter their overall outlook.Narrative Update • Dec 01
HLX: Winter Quarter Revenue Outlook Will Sustain Bullish Momentum
Helix Energy Solutions Group's analyst price target remains unchanged at $9.75. Analysts continue to see stable underlying business fundamentals supporting the current valuation.Narrative Update • Nov 17
HLX: Multi-Year Gulf Contract And Share Buyback Will Drive Momentum
Analysts have reaffirmed their price target for Helix Energy Solutions Group at $9.75, citing stable projections in fair value, profit margin, and revenue growth as justification for maintaining their outlook. What's in the News Updated 2025 earnings guidance: Helix projects full-year revenues between $1.23 billion and $1.29 billion, adjusting for actual results so far and anticipated winter variability (Key Developments).Narrative Update • Nov 01
HLX: New Gulf Contract Will Drive Revenue Improvement In 2026
Analysts have raised their price target for Helix Energy Solutions Group from $9.50 to $9.75, citing incremental improvements in revenue growth projections and profit margin outlook. What's in the News Updated full-year 2025 earnings guidance: Revenue forecast refined to a range of $1.23 billion to $1.29 billion, reflecting year-to-date performance and projected seasonal variability in the winter months (Key Developments).Narrative Update • Oct 18
North Sea Contracts And Renewables Will Unlock Offshore Opportunities
Analysts have revised their price target for Helix Energy Solutions Group downward from $10.13 to $9.50. They cite a slightly lower projected fair value based on modest adjustments in future profitability and valuation assumptions.Analysis Article • Sep 25
Helix Energy Solutions Group (NYSE:HLX) Seems To Use Debt Quite Sensibly
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Analysis Article • Jul 24
Investors Will Want Helix Energy Solutions Group's (NYSE:HLX) Growth In ROCE To Persist
What trends should we look for it we want to identify stocks that can multiply in value over the long term? Firstly...Analysis Article • Jun 24
We Think Helix Energy Solutions Group (NYSE:HLX) Can Stay On Top Of Its Debt
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Seeking Alpha • Apr 25
Helix Energy Solutions: Buy Despite Lower Near-Term Expectations
Summary Helix Energy Solutions reported mixed first quarter results, with lower-than-expected revenues offset by higher profitability. Recent events, including OPEC+ production increases and U.S. tariffs, have impacted the company's near-term prospects. As a result, full-year results are now projected to fall well short of management's original expectations. While I have reduced my estimates and price target, Helix Energy Solutions remains a real bargain in the offshore energy services space. Unfortunately, poor sentiment is likely to weigh on the industry in the near term. Reiterating "Buy" while lowering my price target from $16.00 to $11.50. Read the full article on Seeking AlphaAnalysis Article • Apr 09
Helix Energy Solutions Group, Inc. (NYSE:HLX) Stocks Pounded By 27% But Not Lagging Industry On Growth Or Pricing
To the annoyance of some shareholders, Helix Energy Solutions Group, Inc. ( NYSE:HLX ) shares are down a considerable...Analysis Article • Mar 21
We Think Helix Energy Solutions Group (NYSE:HLX) Can Stay On Top Of Its Debt
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Analysis Article • Feb 28
Helix Energy Solutions Group, Inc. Just Recorded A 29% EPS Beat: Here's What Analysts Are Forecasting Next
Helix Energy Solutions Group, Inc. ( NYSE:HLX ) just released its full-year report and things are looking bullish. It...Seeking Alpha • Feb 26
Helix Energy Solutions: Decent Quarter, Constructive Outlook - Buy
Summary Helix Energy Solutions reported fourth quarter results well above consensus expectations, with outperformance driven by the company's key Well Intervention and Robotics segments. The company recorded $72 million in adjusted EBITDA and generated an impressive $65 million in free cash flow. While management acknowledged a number of near-term challenges, strong contract coverage is expected to result in another year of profitable growth and strong cash generation. The company remains a bargain in the offshore oil and gas services space. However, poor industry sentiment is likely to weigh on the stock in the near term. I am increasing my price target on HLX stock from $15 to $16 while reiterating my "Buy" rating on the shares. Read the full article on Seeking AlphaAnalysis Article • Feb 25
Returns On Capital Are Showing Encouraging Signs At Helix Energy Solutions Group (NYSE:HLX)
To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'd want to...
New Narrative • Feb 14
New Contracts And Operational Efficiencies Will Drive Future Success In High-Demand Markets
Long-term contracts and strategic asset transitions promise improved revenue, EBITDA, and asset utilization in high-demand regions.Analysis Article • Jan 05
Getting In Cheap On Helix Energy Solutions Group, Inc. (NYSE:HLX) Might Be Difficult
With a median price-to-sales (or "P/S") ratio of close to 0.9x in the Energy Services industry in the United States...Analysis Article • Dec 09
Helix Energy Solutions Group (NYSE:HLX) Seems To Use Debt Rather Sparingly
Howard Marks put it nicely when he said that, rather than worrying about share price volatility, 'The possibility of...Seeking Alpha • Oct 25
Helix Energy Solutions: Poor Sentiment But Decent Prospects Going Into 2025, Buy
Summary Helix Energy Solutions Group reported mixed Q3 results, with revenues being impacted by adverse weather conditions in the U.S. Gulf of Mexico and elevated mobilization activity. However, profitability and cash generation remained strong, and the company tweaked full-year guidance just slightly. With several key assets transitioning to higher-margin contracts next year, near-term prospects remain strong. However, recent volatility in oil prices and weak contracting activity in the offshore drilling markets have impacted the company's stock price in recent months. While it might require a change in sentiment for the stock to leave the penalty box, I am reiterating my "Buy" rating with a slightly reduced price target of $15. Read the full article on Seeking AlphaAnalysis Article • Oct 16
Helix Energy Solutions Group's (NYSE:HLX) Returns On Capital Are Heading Higher
There are a few key trends to look for if we want to identify the next multi-bagger. Typically, we'll want to notice a...Analysis Article • Sep 05
Does Helix Energy Solutions Group (NYSE:HLX) Have A Healthy Balance Sheet?
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility...Analysis Article • Aug 18
Helix Energy Solutions Group, Inc.'s (NYSE:HLX) Shares May Have Run Too Fast Too Soon
With a median price-to-sales (or "P/S") ratio of close to 1x in the Energy Services industry in the United States, you...Seeking Alpha • Jul 26
Helix Energy Solutions: Raising Price Target On Very Strong 2025 Outlook, Buy
Summary Leading offshore energy specialty services provider Helix Energy Solutions Group reported decent second quarter results, with both revenues and profitability coming in ahead of expectations. With the exception of the recently acquired Helix Alliance shallow water abandonment operations, all the company's business segments showed healthy year-over-year revenue and income growth. Adjusted EBITDA of $97 million and Adjusted EBITDA margin of 26.6% reached new multi-year highs. On the conference call, management reiterated its bullish outlook for 2025 with the core well intervention segment expected to improve Adjusted EBITDA by up to $100 million next year. Free cash flow is likely to exceed $200 million. Consequently, I have raised my estimates and increased my price target from $13.50 to $16.00. With the company's shares offering the highest upside in my entire offshore coverage universe, I am reiterating my "Buy" rating. Read the full article on Seeking AlphaAnalysis Article • Jul 16
Returns On Capital Are Showing Encouraging Signs At Helix Energy Solutions Group (NYSE:HLX)
If you're looking for a multi-bagger, there's a few things to keep an eye out for. In a perfect world, we'd like to see...Analysis Article • May 21
Is Helix Energy Solutions Group (NYSE:HLX) A Risky Investment?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it seems the smart money knows that...Analysis Article • Apr 26
Is There An Opportunity With Helix Energy Solutions Group, Inc.'s (NYSE:HLX) 47% Undervaluation?
Key Insights The projected fair value for Helix Energy Solutions Group is US$21.28 based on 2 Stage Free Cash Flow to...Seeking Alpha • Apr 26
Helix Energy Solutions: Strong Prospects Going Into 2025, Buy
Summary Helix Energy Solutions reported mixed Q1 2024 results, with weaker-than-expected profitability offset by very strong cash generation. Q2 will be impacted by an $85 million earnout payment related to the acquisition of the Helix Alliance shallow water abandonment operations two years ago. On the conference call, management remained optimistic about the company's prospects going into 2025 as several vessels will transition from low-margin legacy contracts to prevailing market rates. While the company expects to generate strong cash flows for the next several years, management stated its preference for pursuing profitable growth rather than aggressively returning excess cash to shareholders. With substantial improvements in profitability and cash generation expected in 2025 and beyond, I am reiterating my "Buy" rating on the shares with an unchanged price target of $13.50. Read the full article on Seeking AlphaAnalysis Article • Apr 04
Helix Energy Solutions Group, Inc. (NYSE:HLX) Stock Rockets 26% As Investors Are Less Pessimistic Than Expected
Helix Energy Solutions Group, Inc. ( NYSE:HLX ) shareholders have had their patience rewarded with a 26% share price...Analysis Article • Mar 21
Helix Energy Solutions Group (NYSE:HLX) Might Have The Makings Of A Multi-Bagger
Did you know there are some financial metrics that can provide clues of a potential multi-bagger? Firstly, we'd want to...Seeking Alpha • Feb 28
Helix Energy Solutions: Mediocre 2024 Outlook Provides Buying Opportunity
Summary Helix Energy Solutions reported Q4 and full-year 2023 results mostly at the high end of expectations. The company generated almost $92 million in free cash flow, the highest level in more than a decade, and finished the year with net debt of just $30 million. Management's 2024 outlook for more or less flat revenues and limited improvements in profitability and free cash flow came in below consensus expectations. 2025 should see major earnings inflection due to a number of high-specification well intervention vessels moving to high-margin dayrates. Following Tuesday's pullback, the shares offer approximately 50% upside to my slightly reduced price target of $13.50. Reiterating "Buy" rating. Read the full article on Seeking AlphaSeeking Alpha • Jan 30
Helix Energy Solutions: Growth And Valuation Don't Really Match Up Here
Summary Helix Energy Solutions Group Inc has been on an uptrend and posted solid results in Q3 of FY2023. HLX operates in the offshore energy sector and is involved in well intervention, robotics, production facilities, and decommissioning of oil and gas fields. The company has seen a shift in revenue sources, with a focus on decommissioning, and is expected to show growth in the top line in upcoming reports. Read the full article on Seeking AlphaAnalysis Article • Jan 25
Helix Energy Solutions Group (NYSE:HLX) Seems To Use Debt Quite Sensibly
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Analysis Article • Dec 29
With Helix Energy Solutions Group, Inc. (NYSE:HLX) It Looks Like You'll Get What You Pay For
It's not a stretch to say that Helix Energy Solutions Group, Inc.'s ( NYSE:HLX ) price-to-sales (or "P/S") ratio of...Shareholder Returns
| HLX | US Energy Services | US Market | |
|---|---|---|---|
| 7D | 3.1% | 4.7% | -0.7% |
| 1Y | 58.9% | 90.2% | 24.4% |
Return vs Industry: HLX underperformed the US Energy Services industry which returned 90.2% over the past year.
Return vs Market: HLX exceeded the US Market which returned 24.4% over the past year.
Price Volatility
| HLX volatility | |
|---|---|
| HLX Average Weekly Movement | 7.3% |
| Energy Services Industry Average Movement | 7.2% |
| Market Average Movement | 7.2% |
| 10% most volatile stocks in US Market | 16.3% |
| 10% least volatile stocks in US Market | 3.2% |
Stable Share Price: HLX has not had significant price volatility in the past 3 months compared to the US market.
Volatility Over Time: HLX's weekly volatility (7%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 1979 | 2,212 | Owen Kratz | www.helixesg.com |
Helix Energy Solutions Group, Inc., together with its subsidiaries, an offshore energy services company, provides specialty services to the offshore energy industry in Brazil, the United States, North Sea, the Asia Pacific, West Africa, and internationally. The company operates through four segments: Well Intervention, Robotics, Shallow Water Abandonment, and Production Facilities. It engages in the installation of flowlines, control umbilicals, and manifold assemblies and risers; trenching and burial of pipelines; installation and tie-in of riser and manifold assembly; commissioning, testing, and inspection; and cable and umbilical lay.
Helix Energy Solutions Group, Inc. Fundamentals Summary
| HLX fundamental statistics | |
|---|---|
| Market cap | US$1.54b |
| Earnings (TTM) | US$14.33m |
| Revenue (TTM) | US$1.30b |
105.1x
P/E Ratio1.2x
P/S RatioIs HLX overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| HLX income statement (TTM) | |
|---|---|
| Revenue | US$1.30b |
| Cost of Revenue | US$1.16b |
| Gross Profit | US$140.43m |
| Other Expenses | US$126.10m |
| Earnings | US$14.33m |
Last Reported Earnings
Mar 31, 2026
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.097 |
| Gross Margin | 10.79% |
| Net Profit Margin | 1.10% |
| Debt/Equity Ratio | 19.5% |
How did HLX perform over the long term?
See historical performance and comparisonCompany Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/19 21:33 |
| End of Day Share Price | 2026/05/19 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Helix Energy Solutions Group, Inc. is covered by 18 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Chase Mulvehill | BofA Global Research |
| Gregory Lewis | BTIG |
| Luke Lemoine | Capital One Securities, Inc. |