Helix Energy Solutions Group Inc (NYSE: HLX): Is It A Buying Opportunity Again?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. The stock was recently discussed on Yahoo Finance as it revealed that Helix Announces Redemption of Its 6.75% Convertible Senior Notes Due 2026.

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Stocks Info

HLX belongs to the Energy sector of the NYSE while operating in the Oil & Gas Equipment & Services industry. At the end of the last regular session, the stock closed at $9.43 and fluctuated between $9.53 as its day high and $9.29 as its day low. The current market capitalization of Helix Energy Solutions Group Inc is $1.42B. A total of 1.61 million shares were traded on the day, compared to an average of 2.54M shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, HLX has seen 0 BUY and 0 SELL insider trades, representing the acquisition of 0 and the disposition of 0 shares. Over the last 12 months, there were 6 BUYs and 6 SELLs from insiders. Insiders purchased 19,965 shares during that period but sold 128,927.

In the most recent transaction, Glassman Diana sold 6,800 shares of HLX for 11.41 per share on Sep 28. After the transaction, the Director now owns 27,990 company shares. In a previous transaction on Aug 18, Sparks Scott Andrew sold 10,000 shares at 9.53 per share. HLX shares that EVP and COO owns now total 163,948.

Among the insiders who sold shares, LOVOI JOHN disposed of 15,000 shares on Aug 11 at a per-share price of $9.69. This resulted in the Director holding 340,249 shares of HLX after the transaction. In another insider transaction, Sparks Scott Andrew sold 20,000 shares at $7.40 per share on Jun 08. Company shares held by the EVP and COO now total 173,948.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for HLX in the last 3 months, the mean price target is $15.00 with high estimates of $17.00 and low estimates of $12.00. In terms of 52-week highs and lows, HLX has a high of $11.88 and a low of $6.18.

As of this writing, HLX has an earnings estimate of $0.1 per share for the current quarter. EPS was calculated based on a consensus of 4 estimates, with a high estimate of $0.13 per share and a lower estimate of $0.09. The company reported an EPS of $0.05 in the last quarter, which was 66.70% higher than expectations of $0.03.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. HLX’s latest balance sheet shows that the firm has $253.51M in Cash & Short Term Investments as of fiscal 2021. There were $410.95M in debt and $278.28M in liabilities at the time. Its Book Value Per Share was $10.16, while its Total Shareholder’s Equity was $1.65B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for HLX is Buy with a score of 4.25.

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