Helix Energy Solutions Group Inc. [NYSE: HLX] stock went on a downward path that fall over -3.62% on Thursday, amounting to a one-week price decrease of less than -12.16%. The company report on July 22, 2020 that Helix Reports Second Quarter 2020 Results.
Helix Energy Solutions Group, Inc. (“Helix”) (NYSE: HLX) reported net income1 of $5.5 million, or $0.04 per diluted share, for the second quarter 2020 compared to $16.9 million, or $0.11 per diluted share, for the same period in 2019 and net loss of $11.9 million, or $(0.09) per diluted share, for the first quarter 2020. Adjusted EBITDA2 was $47.9 million for the second quarter 2020 compared to $50.3 million for the second quarter 2019 and $19.3 million for the first quarter 2020.
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For the six months ended June 30, 2020, Helix reported net loss of $6.5 million, or $(0.06) per diluted share, compared to net income of $18.2 million, or $0.12 per diluted share, for the six months ended June 30, 2019. Adjusted EBITDA for the six months ended June 30, 2020 was $67.3 million compared to $80.5 million for the six months ended June 30, 2019. The table below summarizes our results of operations:.
Over the last 12 months, HLX stock dropped by -51.37%. The one-year Helix Energy Solutions Group Inc. stock forecast points to a potential upside of 18.39. The average equity rating for HLX stock is currently 2.00, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $664.86 million, with 148.86 million shares outstanding and 140.93 million shares in the current float. Compared to the average trading volume of 4.44M shares, HLX stock reached a trading volume of 1479498 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Helix Energy Solutions Group Inc. [HLX]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for HLX shares is $5.22 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on HLX stock is a recommendation set at 2.00. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Piper Sandler have made an estimate for Helix Energy Solutions Group Inc. shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on July 23, 2020. The new note on the price target was released on May 28, 2020, representing the official price target for Helix Energy Solutions Group Inc. stock. On March 13, 2020, analysts decreased their price target for HLX shares from 10.75 to 6.25.
The Average True Range (ATR) for Helix Energy Solutions Group Inc. is set at 0.36, with the Price to Sales ratio for HLX stock in the period of the last 12 months amounting to 0.87. The Price to Book ratio for the last quarter was 0.38, with the Price to Cash per share for the same quarter was set at 1.02. Price to Free Cash Flow for HLX in the course of the last twelve months was 23.09 with Quick ratio for the last quarter at 1.50.
HLX Stock Performance Analysis:
Helix Energy Solutions Group Inc. [HLX] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -12.16. With this latest performance, HLX shares gained by 22.77% in over the last four-week period, additionally sinking by -50.06% over the last 6 months – not to mention a drop of -51.37% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for HLX stock in for the last two-week period is set at 55.96, with the RSI for the last a single of trading hit 56.71, and the three-weeks RSI is set at 55.96 for Helix Energy Solutions Group Inc. [HLX]. The present Moving Average for the last 50 days of trading for this stock 3.77, while it was recorded at 4.42 for the last single week of trading, and 5.67 for the last 200 days.
Insight into Helix Energy Solutions Group Inc. Fundamentals:
Operating Margin for any stock indicates how profitable investing would be, and Helix Energy Solutions Group Inc. [HLX] shares currently have an operating margin of +9.86 and a Gross Margin at +19.15. Helix Energy Solutions Group Inc.’s Net Margin is presently recorded at +7.62.
Return on Total Capital for HLX is now 3.39, given the latest momentum, and Return on Invested Capital for the company is 2.75. Return on Equity for this stock inclined to 3.45, with Return on Assets sitting at 2.32. When it comes to the capital structure of this company, Helix Energy Solutions Group Inc. [HLX] has a Total Debt to Total Equity ratio set at 35.98. Additionally, HLX Total Debt to Total Capital is recorded at 26.46, with Total Debt to Total Assets ending up at 23.55. Long-Term Debt to Equity for the company is recorded at 26.94, with the Long-Term Debt to Total Capital now at 19.82.
Reflecting on the efficiency of the workforce at the company, Helix Energy Solutions Group Inc. [HLX] managed to generate an average of $34,721 per employee. Receivables Turnover for the company is 5.97 with a Total Asset Turnover recorded at a value of 0.30.Helix Energy Solutions Group Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 1.50 and a Current Ratio set at 1.50.
HLX Stock EPS
With the latest financial reports released by the company, Helix Energy Solutions Group Inc. posted 0.21/share EPS, while the average EPS was predicted by analysts to be reported at 0.16/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 31.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for HLX.
Helix Energy Solutions Group Inc. [HLX] Insider Position Details
There are presently around $576 million, or 92.10% of HLX stock, in the hands of institutional investors. The top three institutional holders of HLX stocks are: BLACKROCK INC. with ownership of 21,050,948, which is approximately -2.187% of the company’s market cap and around 5.10% of the total institutional ownership; VANGUARD GROUP INC, holding 15,498,332 shares of the stock with an approximate value of $66.02 million in HLX stocks shares; and DIMENSIONAL FUND ADVISORS LP, currently with $51.91 million in HLX stock with ownership of nearly -2.906% of the company’s market capitalization.
Positions in Helix Energy Solutions Group Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 84 institutional holders increased their position in Helix Energy Solutions Group Inc. [NYSE:HLX] by around 11,308,670 shares. Additionally, 131 investors decreased positions by around 17,199,862 shares, while 32 investors held positions by with 106,779,532 shares. The mentioned changes placed institutional holdings at 135,288,064 shares, according to the latest SEC report filing. HLX stock had 20 new institutional investments in for a total of 1,461,259 shares, while 59 institutional investors sold positions of 6,283,720 shares during the same period.