Helix Energy Solutions Group, Inc. (NYSE:HLX) traded at $3.53 at last check on Monday, Jun 29, making an upward move of 6.97% on its previous day’s price.
Looking at the stock we see that its previous close was $3.3 and the beta (5Y monthly) reads 3.67 with the day’s price range being $3.2500 – 3.5300. The company has a 12-month trailing PE ratio of 12.47. In terms of its 52-week price range, HLX has a high of $10 and a low of $0.99. The company’s stock has gained about 5.06% over that past 30 days.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $175.7 Million, with a low of $168.26 Million and a high of $189Million. The median projection represents growth adding up to -13.9% compared to sales earnings for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecasts for 2020 are expected to hit $669.09 Million, or -11% down from figures reported last year.
On the other hand, looking at the outlook for the HLX stock, short term indicators assign the stock an average of Hold, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of 100% Sell.
Looking further, we note that the PEG ratio for the HLX stock currently stands at 0, and the current price level is -12.66% off its SMA20 and 18.94% from its 50-day simple moving average. The RSI (14) is pointing at 48.43 while the volatility over the past week is 10.32% and jumps to 11.9% over the past one month. The beta value is 3.67, while the average true range (ATR) is currently pointing at 0.46. The average price target for the stock over the next 12 months is $4.25, with the estimates having a low of $3 and a high of $5. These price ends are -15.01% and +41.64% off the current price level respectively, although investors could be excited at the prospect of a +20.4% if the HLX share price touches on the median price of $4.25.
Let’s briefly compare Helix (HLX) stock to its peers. We find that today’s price change of +6.97% and -59.1% over the past 12 months for HLX competes that of Linde Plc (LIN), which has seen its stock price rise 2.16% in the latest trading session and is +5.22% over the last one year. Another of its peers Schlumberger N.V. (SLB) has climbed 3.27% today, but is -54.68% down over the past year, while Baker Hughes A Ge Co. Cl A (BKR) is also up 6.97% yet its price remains in the red at -59.1% over the same period. Linde has a P/E ratio of 49.34 compared to Helix’s 14.59 and Schlumberger’s 0. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 2.32% and 1.47%, respectively, in early deals.
Coming back to Helix Energy Solutions Group, Inc. (NYSE:HLX), we note that the average 3-month trading volume was 5.23 Million, while that of the preceding 10-day period stands at 3.34 Million. Current shares outstanding are 150Million.
According to data from Thomson Reuters, insiders hold 6.01% of the company’s shares while institutions hold 97.01%. The data shows that short shares as of June 14, 2020, stood at 9.2 Million at a short ratio of 1.71. This represents a 6.13% Short interest in Shares outstanding on June 14, 2020. Shares short dropped in June from the previous month at 10.23 Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -63.34% down in year-to-date price movement.