Helix Energy Solutions Group (HLX) Stock Forecast, Price Target & Predictions

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HLX Stock Forecast

Helix Energy Solutions Group stock forecast is as follows: an average price target of $14.00 (represents a 25.11% upside from HLX’s last price of $11.19) and a rating consensus of 'Buy', based on 6 wall street analysts offering a 1-year stock forecast.

HLX Price Target

The average price target for Helix Energy Solutions Group (HLX) is $14.00 based on 1-year price targets from 6 Wall Street analysts in the past 3 months, with a price target range of $14.00 to $14.00. This represents a potential 25.11% upside from HLX's last price of $11.19.

HLX Analyst Ratings

Buy

According to 6 Wall Street analysts, Helix Energy Solutions Group's rating consensus is 'Buy'. The analyst rating breakdown for HLX stock is 1 'Strong Buy' (16.67%), 3 'Buy' (50.00%), 2 'Hold' (33.33%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Helix Energy Solutions Group Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Sep 19, 2024	James Rollyson	Raymond James	$14.00	$10.54	32.89%	25.11%

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The latest Helix Energy Solutions Group stock forecast, released on Sep 19, 2024 by James Rollyson from Raymond James, set a price target of $14.00, which represents a 32.89% increase from the stock price at the time of the forecast ($10.54), and a 25.11% increase from HLX last price ($11.19).

Helix Energy Solutions Group Price Target by Period

	1M	3M	12M
# Anlaysts	-	1	1
Avg Price Target	-	$14.00	$14.00
Last Closing Price	$11.19	$11.19	$11.19
Upside/Downside	-100.00%	25.11%	25.11%

In the current month, the average price target of Helix Energy Solutions Group stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Helix Energy Solutions Group's last price of $11.19. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Oct 24, 2024	BTIG	Buy	Neutral	Downgrade
Sep 19, 2024	Dawson James	-	Outperform	Initialise
Sep 18, 2024	Raymond James	-	Strong Buy	Initialise
Jun 25, 2024	Cowen & Co.	Buy	Buy	Hold
Sep 20, 2023	BTIG	Buy	Buy	Hold
Oct 26, 2022	BTIG	-	Buy	Upgrade
Jul 27, 2022	Evercore ISI	-	Outperform	Upgrade
Apr 26, 2022	Zacks Investment Research	-	Hold	Downgrade

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Helix Energy Solutions Group's last stock rating was published by BTIG on Oct 24, 2024. The company Downgrade its HLX rating from "Buy" to "Neutral".

Helix Energy Solutions Group Financial Forecast

Helix Energy Solutions Group Revenue Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$335.16M	-	$308.82M	$250.08M	$287.82M	$272.55M	$162.61M	$150.13M	$168.66M	$180.72M
Avg Forecast	$383.16M	$432.47M	$423.65M	$362.36M	$368.80M	$416.89M	$408.49M	$348.31M	$347.73M	$403.12M	$385.29M	$313.10M	$332.29M	$400.61M	$372.50M	$300.70M	$315.06M	$359.68M	$339.36M	$285.83M	$316.87M	$348.02M	$270.37M	$233.45M	$251.34M	$239.75M	$162.74M	$142.42M	$134.88M	$172.17M
High Forecast	$398.06M	$449.29M	$440.12M	$376.45M	$383.14M	$433.10M	$424.37M	$361.86M	$361.25M	$418.80M	$400.28M	$325.27M	$345.21M	$416.19M	$386.99M	$312.39M	$321.41M	$360.22M	$339.36M	$285.83M	$317.43M	$361.56M	$280.88M	$242.52M	$261.11M	$239.75M	$162.74M	$142.42M	$134.88M	$172.17M
Low Forecast	$366.44M	$413.60M	$405.16M	$346.55M	$352.71M	$398.70M	$390.66M	$333.11M	$332.55M	$385.53M	$368.48M	$299.43M	$317.79M	$383.13M	$356.25M	$287.58M	$308.71M	$359.13M	$339.36M	$285.83M	$316.30M	$332.83M	$258.57M	$223.26M	$240.37M	$239.75M	$162.74M	$142.42M	$134.88M	$172.17M
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	2	3	1	1	1	3	1	1	1	1	1	1	1	1	1
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.06%	-	1.14%	1.07%	1.15%	1.14%	1.00%	1.05%	1.25%	1.05%

Helix Energy Solutions Group's average Quarter revenue forecast for Mar 24 based on 1 analysts is $285.83M, with a low forecast of $285.83M, and a high forecast of $285.83M. HLX's average Quarter revenue forecast represents a -14.72% decrease compared to the company's last Quarter revenue of $335.16M (Dec 23).

Helix Energy Solutions Group EBITDA Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	2	3	1	1	1	3	1	1	1	1	1	1	1	1	1
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$70.41M	-	$20.20M	$860.00K	$23.28M	$-4.19M	$-23.47M	$-34.72M	$8.67M	$22.71M
Avg Forecast	$66.41M	$74.96M	$73.43M	$62.81M	$63.92M	$72.26M	$70.80M	$60.37M	$60.27M	$69.87M	$66.78M	$54.27M	$57.59M	$69.43M	$64.56M	$52.12M	$54.61M	$62.34M	$58.82M	$-875.26K	$54.92M	$60.32M	$46.86M	$-795.69K	$14.76M	$11.11M	$7.54M	$-723.36K	$6.25M	$7.98M
High Forecast	$68.99M	$77.87M	$76.28M	$65.25M	$66.41M	$75.07M	$73.55M	$62.72M	$62.61M	$72.59M	$69.38M	$56.38M	$59.83M	$72.13M	$67.07M	$54.14M	$55.71M	$62.43M	$58.82M	$-700.21K	$55.02M	$62.67M	$48.68M	$-636.55K	$17.71M	$11.11M	$7.54M	$-578.69K	$6.25M	$7.98M
Low Forecast	$63.51M	$71.69M	$70.22M	$60.06M	$61.13M	$69.10M	$67.71M	$57.74M	$57.64M	$66.82M	$63.87M	$51.90M	$55.08M	$66.40M	$61.75M	$49.84M	$53.51M	$62.25M	$58.82M	$-1.05M	$54.82M	$57.69M	$44.82M	$-954.83K	$11.81M	$11.11M	$7.54M	$-868.03K	$6.25M	$7.98M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	1.28%	-	0.43%	-1.08%	1.58%	-0.38%	-3.11%	47.99%	1.39%	2.85%

1 analysts predict HLX's average Quarter EBITDA for Mar 24 to be $-875.26K, with a high of $-700.21K and a low of $-1.05M. This is -101.24% lower than Helix Energy Solutions Group's previous annual EBITDA (Dec 23) of $70.41M.

Helix Energy Solutions Group Net Income Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	2	3	1	1	1	3	1	1	1	1	1	1	1	1	1
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$-28.33M	-	$7.10M	$-5.17M	$2.71M	$-18.76M	$-29.70M	$-42.03M	$-25.91M	$-19.04M
Avg Forecast	-	-	-	-	-	-	-	-	$26.44M	$53.43M	$49.49M	$16.85M	$23.65M	$49.85M	$43.20M	$13.46M	$13.71M	$28.34M	$29.29M	$-33.57M	$17.34M	$29.17M	$7.39M	$-30.51M	$-44.12M	$2.60M	$-24.76M	$-27.74M	$-39.72M	$-16.18M
High Forecast	-	-	-	-	-	-	-	-	$27.78M	$56.13M	$52.00M	$17.71M	$24.85M	$52.37M	$45.38M	$14.14M	$14.40M	$28.57M	$29.30M	$-26.85M	$18.22M	$30.65M	$7.76M	$-24.41M	$-35.29M	$2.60M	$-24.76M	$-22.19M	$-39.72M	$-16.18M
Low Forecast	-	-	-	-	-	-	-	-	$24.94M	$50.40M	$46.69M	$15.90M	$22.31M	$47.02M	$40.75M	$12.70M	$12.93M	$28.11M	$29.28M	$-40.28M	$16.36M	$27.52M	$6.97M	$-36.62M	$-52.94M	$2.60M	$-24.76M	$-33.29M	$-39.72M	$-16.18M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1.63%	-	0.96%	0.17%	-0.06%	-7.21%	1.20%	1.52%	0.65%	1.18%

Helix Energy Solutions Group's average Quarter net income forecast for Sep 23 is $29.17M, with a range of $27.52M to $30.65M. HLX's average Quarter net income forecast represents a 310.86% increase compared to the company's last Quarter net income of $7.10M (Jun 23).

Helix Energy Solutions Group SG&A Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	2	3	1	1	1	3	1	1	1	1	1	1	1	1	1
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$22.97M	-	$24.01M	$19.63M	$22.79M	$23.56M	$17.62M	$14.37M	$21.50M	$13.35M
Avg Forecast	$33.05M	$37.31M	$36.55M	$31.26M	$31.81M	$35.96M	$35.24M	$30.05M	$30.00M	$34.77M	$33.24M	$27.01M	$28.66M	$34.56M	$32.13M	$25.94M	$27.18M	$31.03M	$29.27M	$11.47M	$27.33M	$30.02M	$23.32M	$10.43M	$36.61M	$20.68M	$14.04M	$9.48M	$11.63M	$14.85M
High Forecast	$34.34M	$38.76M	$37.97M	$32.47M	$33.05M	$37.36M	$36.61M	$31.21M	$31.16M	$36.13M	$34.53M	$28.06M	$29.78M	$35.90M	$33.38M	$26.95M	$27.73M	$31.07M	$29.27M	$13.77M	$27.38M	$31.19M	$24.23M	$12.52M	$43.93M	$20.68M	$14.04M	$11.38M	$11.63M	$14.85M
Low Forecast	$31.61M	$35.68M	$34.95M	$29.89M	$30.43M	$34.39M	$33.70M	$28.74M	$28.69M	$33.26M	$31.79M	$25.83M	$27.41M	$33.05M	$30.73M	$24.81M	$26.63M	$30.98M	$29.27M	$9.18M	$27.29M	$28.71M	$22.30M	$8.34M	$29.29M	$20.68M	$14.04M	$7.59M	$11.63M	$14.85M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0.84%	-	1.03%	1.88%	0.62%	1.14%	1.26%	1.52%	1.85%	0.90%

Helix Energy Solutions Group's average Quarter SG&A projection for Mar 24 is $11.47M, based on 1 Wall Street analysts, with a range of $9.18M to $13.77M. The forecast indicates a -50.05% fall compared to HLX last annual SG&A of $22.97M (Dec 23).

Helix Energy Solutions Group EPS Forecast

	Dec 28	Sep 28	Jun 28	Mar 28	Dec 27	Sep 27	Jun 27	Mar 27	Dec 26	Sep 26	Jun 26	Mar 26	Dec 25	Sep 25	Jun 25	Mar 25	Dec 24	Sep 24	Jun 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21
# Analysts	1	1	1	1	1	1	1	1	1	1	1	1	1	1	1	2	3	1	1	1	3	1	1	1	1	1	1	1	1	1
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$-0.19	-	$0.05	$-0.03	$0.02	$-0.12	$-0.20	$-0.28	$-0.17	$-0.13
Avg Forecast	-	-	-	-	-	-	-	-	$0.17	$0.35	$0.32	$0.11	$0.15	$0.32	$0.28	$0.09	$0.09	$0.18	$0.19	$0.02	$0.11	$0.19	$0.05	$-0.04	$-0.01	$0.02	$-0.16	$-0.21	$-0.26	$-0.10
High Forecast	-	-	-	-	-	-	-	-	$0.18	$0.36	$0.34	$0.11	$0.16	$0.34	$0.29	$0.09	$0.09	$0.18	$0.19	$0.02	$0.12	$0.20	$0.05	$-0.04	$-0.00	$0.02	$-0.16	$-0.21	$-0.26	$-0.10
Low Forecast	-	-	-	-	-	-	-	-	$0.16	$0.33	$0.30	$0.10	$0.14	$0.30	$0.26	$0.08	$0.08	$0.18	$0.19	$0.02	$0.11	$0.18	$0.05	$-0.05	$-0.01	$0.02	$-0.16	$-0.21	$-0.26	$-0.10
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-1.70%	-	0.99%	0.77%	-3.90%	-7.15%	1.25%	1.33%	0.66%	1.25%

According to 1 Wall Street analysts, Helix Energy Solutions Group's projected average Quarter EPS for Sep 23 is $0.19, with a low estimate of $0.18 and a high estimate of $0.20. This represents a 299.96% increase compared to HLX previous annual EPS of $0.05 (Jun 23).

Helix Energy Solutions Group Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
RES	RPC	$6.15	$10.00	62.60%	Hold
NR	Newpark Resources	$7.77	$11.00	41.57%	Buy
OIS	Oil States	$5.44	$7.50	37.87%	Hold
NOV	NOV	$16.40	$20.67	26.04%	Buy
HLX	Helix Energy Solutions Group	$11.19	$14.00	25.11%	Buy
FTI	TechnipFMC	$30.02	$27.53	-8.29%	Buy
WHD	Cactus	$68.45	$54.00	-21.11%	Hold
RNGR	Ranger Energy Services	$16.70	$12.50	-25.15%	Hold
OII	Oceaneering	$28.81	$21.00	-27.11%	Buy

HLX Forecast FAQ

Is Helix Energy Solutions Group a good buy?

Yes, according to 6 Wall Street analysts, Helix Energy Solutions Group (HLX) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 3 'Buy' recommendations, accounting for 66.67% of HLX's total ratings.

What is HLX's price target?

Helix Energy Solutions Group (HLX) average price target is $14 with a range of $14 to $14, implying a 25.11% from its last price of $11.19. The data is based on 6 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Helix Energy Solutions Group stock go up soon?

According to Wall Street analysts' prediction for HLX stock, the company can go up by 25.11% (from the last price of $11.19 to the average price target of $14), up by 25.11% based on the highest stock price target, and up by 25.11% based on the lowest stock price target.

Can Helix Energy Solutions Group stock reach $20?

HLX's average twelve months analyst stock price target of $14 does not support the claim that Helix Energy Solutions Group can reach $20 in the near future.

What are Helix Energy Solutions Group's analysts' financial forecasts?

Helix Energy Solutions Group's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $1.54B (high $1.6B, low $1.48B), average EBITDA is $267.35M (high $277.75M, low $255.68M), average net income is $0 (high $0, low $0), average SG&A $133.06M (high $138.23M, low $127.25M), and average EPS is $0 (high $0, low $0). HLX's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $1.6B (high $1.66B, low $1.53B), average EBITDA is $277.6M (high $288.39M, low $265.48M), average net income is $0 (high $0, low $0), average SG&A $138.16M (high $143.53M, low $132.13M), and average EPS is $0 (high $0, low $0).

Did the HLX's actual financial results beat the analysts' financial forecasts?

Based on Helix Energy Solutions Group's last annual report (Dec 2023), the company's revenue was $1.29B, beating the average analysts forecast of $1.17B by 10.36%. Apple's EBITDA was $270.04M, beating the average prediction of $161.31M by 67.41%. The company's net income was $-10.838M, missing the average estimation of $23.39M by -146.34%. Apple's SG&A was $94.43M, beating the average forecast of $91.11M by 3.64%. Lastly, the company's EPS was $-0.0718, missing the average prediction of $0.304 by -123.63%. In terms of the last quarterly report (Dec 2023), Helix Energy Solutions Group's revenue was $335.16M, beating the average analysts' forecast of $316.87M by 5.77%. The company's EBITDA was $70.41M, beating the average prediction of $54.92M by 28.20%. Helix Energy Solutions Group's net income was $-28.333M, missing the average estimation of $17.34M by -263.41%. The company's SG&A was $22.97M, missing the average forecast of $27.33M by -15.96%. Lastly, the company's EPS was $-0.19, missing the average prediction of $0.112 by -269.69%