HLX Stock Analysis: Helix Energy Solutions | NYSE
Oil & Gas Equipment & Services | NYSE, USA | Market Cap: 1.281m USD | 12M Return: 45.7% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 14.2M
Qual. Beats: 0
Rev. Trend: 41.0%
Qual. Beats: 2
Warnings
Tailwinds
No distinct edge detected
Seasonality 10.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Helix Energy Solutions Group (NYSE: HLX) is a U.S.-based offshore energy services company headquartered in Houston, Texas, and incorporated in 1979. It provides specialty services across four operating segments - Well Intervention, Robotics, Shallow Water Abandonment, and Production Facilities - to offshore oil and gas customers in Brazil, the United States, the North Sea, Asia Pacific, West Africa, and other international markets. The offshore services sector supports operators throughout the lifecycle of offshore fields, from installation and intervention work to end-of-life decommissioning.
The companys service offering spans subsea installation (flowlines, umbilicals, manifolds, and risers), pipeline trenching and burial, coiled tubing operations, well intervention and production enhancement, and inspection, repair, and maintenance (IRM) of subsea infrastructure. It also performs well plug and abandonment (P&A), pipeline and umbilical abandonment, site clearance, heavy lift, and commercial diving work. Demand for offshore P&A and decommissioning services has been increasing as mature basins - particularly the North Sea and the U.S. Gulf of Mexico - face rising obligations to retire aging platforms and subsea assets.
Helixs customers include independent oil and gas producers, pipeline transmission companies, renewable energy developers, and offshore engineering and construction firms. The company was originally known as Cal Dive International and adopted its current name in March 2006; it has traded on the NYSE since 1997 and is classified within the GICS Energy sector, specifically the Oil & Gas Equipment & Services sub-industry.
- Oil price recovery lifts offshore intervention demand and FPU utilization
- Gulf of Mexico decommissioning backlog grows on aging infrastructure mandates
- Well intervention segment margins expand with rising utilization rates
| Net Income: 14.3m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.07 > 0.02 and ΔFCF/TA 2.22 > 1.0 |
| NWC/Revenue: 41.36% < 20% (prev 30.80%; Δ 10.56% < -1%) |
| CFO/TA 0.07 > 3% & CFO 182.1m > Net Income 14.3m |
| Net Debt (446.5m) to EBITDA (217.1m): 2.06 < 3 |
| Current Ratio: 2.92 > 1.5 & < 3 |
| Outstanding Shares: last quarter (147.2m) vs 12m ago -3.29% < -2% |
| Gross Margin: 10.79% > 18% (prev 16.98%; Δ -6.19% > 0.5%) |
| Asset Turnover: 50.02% > 50% (prev 50.87%; Δ -0.85% > 0%) |
| Interest Coverage Ratio: 1.65 > 6 (EBIT TTM 50.0m / Interest Expense TTM 30.3m) |
| A: 0.21 (Total Current Assets 819.3m - Total Current Liabilities 281.1m) / Total Assets 2.57b |
| B: 0.15 (Retained Earnings 385.5m / Total Assets 2.57b) |
| C: 0.02 (EBIT TTM 50.0m / Avg Total Assets 2.60b) |
| D: 1.54 (Book Value of Equity 1.56b / Total Liabilities 1.01b) |
| Altman-Z'' = 3.61 = AA |
| DSRI: 0.81 (Receivables 230.1m/293.9m, Revenue 1.30b/1.34b) |
| GMI: 1.57 (GM 16.98% / 10.79%) |
| AQI: 0.94 (AQ_t 0.05 / AQ_t-1 0.05) |
| SGI: 0.97 (Revenue 1.30b / 1.34b) |
| TATA: -0.07 (NI 14.3m - CFO 182.1m) / TA 2.57b) |
| Beneish M = -2.73 (Cap -4..+1) = A |
As of July 14, 2026, the stock is trading at USD 9.52 with a total of 1,487,646 shares traded. Over the past week, the price has changed by +7.96%, over one month by -5.34%, over three months by -5.82% and over the past year by +45.66%.
Current recommended Stop Loss: 9.00 (which is 5.5% or 1.7 ATR below the current price).
Helix Energy Solutions has received a consensus analysts rating of 4.17. Therefore, it is recommended to buy HLX.
- StrongBuy: 2
- Buy: 3
- Hold: 1
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 12.5 | 31.3% |
P/E Trailing = 86.9
P/E Forward = 119.0476
P/S = 0.9842
P/B = 0.8085
P/EG = 17.6667
Revenue TTM = 1.30b USD
EBIT TTM = 50.0m USD
EBITDA TTM = 217.1m USD
Long Term Debt = 294.4m USD (from longTermDebt, last quarter)
Short Term Debt = 73.5m USD (from shortTermDebt, last quarter)
Debt = 947.8m USD (from shortLongTermDebtTotal, last quarter) + Leases 322.0m
Net Debt = 446.5m USD (calculated: Debt 947.8m - CCE 501.3m)
Enterprise Value = 1.73b USD (1.28b + Debt 947.8m - CCE 501.3m)
Interest Coverage Ratio = 1.65 (Ebit TTM 50.0m / Interest Expense TTM 30.3m)
EV/FCF = 10.32x (Enterprise Value 1.73b / FCF TTM 167.4m)
FCF Yield = 9.69% (FCF TTM 167.4m / Enterprise Value 1.73b)
FCF Margin = 12.87% (FCF TTM 167.4m / Revenue TTM 1.30b)
Net Margin = 1.10% (Net Income TTM 14.3m / Revenue TTM 1.30b)
Gross Margin = 10.79% ((Revenue TTM 1.30b - Cost of Revenue TTM 1.16b) / Revenue TTM)
Gross Margin QoQ = 3.07% (prev 15.15%)
Tobins Q-Ratio = 0.67 (Enterprise Value 1.73b / Total Assets 2.57b)
Interest Expense / Debt = 3.19% (Interest Expense 30.3m / Debt 947.8m)
Taxrate = 35.93% (8.05m / 22.4m)
NOPAT = 32.1m (EBIT 50.0m * (1 - 35.93%))
Current Ratio = 2.92 (Total Current Assets 819.3m / Total Current Liabilities 281.1m)
Debt / Equity = 0.61 (Debt 947.8m / totalStockholderEquity, last quarter 1.56b)
Debt / EBITDA = 2.06 (Net Debt 446.5m / EBITDA 217.1m)
Debt / FCF = 2.67 (Net Debt 446.5m / FCF TTM 167.4m)
Total Stockholder Equity = 1.57b (last 4 quarters mean from totalStockholderEquity)
RoA = 0.55% (Net Income 14.3m / Total Assets 2.57b)
RoE = 0.91% (Net Income TTM 14.3m / Total Stockholder Equity 1.57b)
RoCE = 2.68% (EBIT 50.0m / Capital Employed (Equity 1.57b + L.T.Debt 294.4m))
RoIC = 1.40% (NOPAT 32.1m / Invested Capital 2.30b)
WACC = 6.12% (E(1.28b)/V(2.23b) * Re(9.14%) + D(947.8m)/V(2.23b) * Rd(3.19%) * (1-Tc(0.36)))
Discount Rate = 9.14% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -60.0 | Cagr: -1.01%
[DCF] Terminal Value 77.97% ; FCFF base≈145.8m ; Y1≈167.1m ; Y5≈246.0m
[DCF] Fair Price = 22.08 (EV 3.70b - Net Debt 446.5m = Equity 3.25b / Shares 147.4m; r=8.35% [WACC [floored]]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.20 | # QB: 0
Revenue Correlation: 40.99 | Revenue CAGR: 2.56% | SUE: 1.00 | # QB: 2
EPS current Quarter (2026-06-30): EPS=0.08 | Chg30d=+0.00% | Revisions=+0% | Analysts=4
EPS next Quarter (2026-09-30): EPS=0.21 | Chg30d=+0.00% | Revisions=+29% | Analysts=4
EPS current Year (2026-12-31): EPS=0.30 | Chg30d=+0.00% | Revisions=+40% | GrowthEPS=+46.5% | GrowthRev=+2.1%
EPS next Year (2027-12-31): EPS=0.56 | Chg30d=+0.00% | Revisions=+17% | GrowthEPS=+83.8% | GrowthRev=+5.5%
[Analyst] Revisions Ratio: +31% (up=9, down=4)