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Analysts Say You Should Still Hold Helix Energy Solutions Group Inc. (NYSE: HLX)

Helix Energy Solutions Group Inc. (NYSE:HLX) traded at $4.35 at close of the session on Tuesday, 05/17/22, made an upward move of 4.32% on its previous day’s price.

Looking at the stock we see that its previous close was $4.17 and the beta (5Y monthly) reads 2.96 with the day’s price range being $4.26 – $4.51. In terms of its 52-week price range, HLX has a high of $6.70 and a low of $2.88. The company’s stock has lost about -19.59% over that past 30 days.

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Helix Energy Solutions Group Inc. has a market cap of $641.67 million and is expected to release its quarterly earnings report on Apr 25, 2022 – Apr 29, 2022. Estimates by analysts give the company expected earnings per share (EPS) of -$0.14, with the EPS growth for the year raised at -$0.57 for 2022 and -$0.16 for next year. These figures represent -39.00% and 71.90% growth in EPS for the two years respectively.

Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $166.74 million, with a low of $160.3 million and a high of $175 million. The median projection represents growth adding up to -2.40% compared to sales growth for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecast for 2022 is expected to hit $657.16 million, or -2.60% down from figures reported last year.

There have been no upward and no downward revisions for the stock’s EPS in last 7 days, something that reflects the nature of company’s price movement in short term. On the other hand, looking at the outlook for the HLX stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Buy. Long term indicators on average place the stock in the category of 100% Buy.

Looking further, we note the current price level is -0.02% off its SMA20 and -7.31% from its 50-day simple moving average. The RSI (14) is pointing at 49.64 while the volatility over the past week is 5.30% and jumps to 6.83% over the past one month. The beta value is 2.82, while the average true range (ATR) is currently pointing at 0.30.

Let’s briefly compare Helix Energy Solutions Group Inc. (HLX) stock to its peers. We find that current price change of 4.32% and -14.71% over the past 12 months for HLX competes that of Enterprise Products Partners L.P. (EPD), which has seen its stock price rise 1.28% in the last trading session and was 12.09% over the last one year. Another of its peers Oceaneering International Inc. (OII) has gained 2.47% previous session, and was -22.48% down over the past year, while TETRA Technologies Inc. (TTI) was also up 5.26% in the last session, while its price remained in the green at 28.49% over the same period. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial were at 2.02% and 1.34%, respectively, at close of the trading.

Coming back to Helix Energy Solutions Group Inc. (NYSE:HLX), we note that the average 3-month trading volume was 1.96 million. Current shares outstanding are 151.14 million.

The insiders hold 6.20% of the company’s shares while institutions hold 87.00%. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock 39.42% up in year-to-date price movement.

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