HLX Stock Summary and Trading Ideas (Helix Energy Solns Gr | NYSE:HLX)

Helix Energy Solutions Group Inc is an offshore energy services company. It provides specialty services to the offshore energy industry, with an emphasis on well intervention and robotics operations. Helix provides services primarily in deepwater in the Gulf of Mexico, Brazil, the North Sea, Asia Pacific and West Africa regions. It has four segments Well Intervention, Robotics Production Facilities and Shallow Water Abandonment. the Well Intervention segment includes vessels and equipment used to perform well intervention services primarily in the Gulf of Mexico, the North Sea and Brazil. It derives the majority of its revenue from the US.

Helix Energy Solns Gr trades on the NYSE stock market under the symbol HLX.

As of April 23, 2024, HLX stock price climbed to $11.10 with 816,985 million shares trading.

HLX has a beta of 0.57, meaning it tends to be less sensitive to market movements. HLX has a correlation of 0.04 to the broad based SPY ETF.

HLX has a market cap of $1.69 billion. This is considered a Small Cap stock.

Last quarter Helix Energy Solns Gr reported $335 million in Revenue and $.06 earnings per share. This beat revenue expectation by $20 million and missed earnings estimates by -$.04.

In the last 3 years, HLX stock traded as high as $12.14 and as low as $2.47.

The top ETF exchange traded funds that HLX belongs to (by Net Assets): IJR, VTI, IWM, OIH, AVUV.

HLX has outperformed the market in the last year with a return of +44.9%, while the SPY ETF gained +24.2%. In the last 3 month period, HLX beat the market returning +13.8%, while SPY returned +4.8%. However, in the most recent 2 weeks HLX has underperformed the stock market by returning -5.9%, while SPY returned -2.6%.

HLX support price is $10.59 and resistance is $11.09 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HLX stock will trade within this expected range on the day.