Street Calls of the Week
Investing.com - Raymond James has maintained its Outperform rating and $9.00 price target on Helix Energy Solutions Group, Inc. (NYSE:HLX) following the company’s solid quarterly performance. Currently trading at $7.00, the stock shows potential upside according to analyst consensus, with targets ranging from $8.00 to $11.00. InvestingPro analysis indicates the stock is currently undervalued.
The energy services provider reported top-line results approximately 5% ahead of estimates, with all four reporting segments exceeding expectations and showing sequential growth. Margins recovered to 13.2% from the previous quarter’s negative result, leading to operating income and EBITDA beats of low-to-mid-20s percent. The company’s EBITDA for the last twelve months stands at $213.4 million, with InvestingPro data showing a "GOOD" overall financial health score.
Following these results, Helix raised its 2025 guidance, with revenue and EBITDA midpoints increasing by approximately 5% and 8% respectively. The company also expects $5 million more in free cash flow than previously forecasted.
Helix CEO Owen Kratz noted this represents the company’s highest EBITDA result since 2014, despite some Q4000 downtime and a stacked Seawell vessel. The implied fourth-quarter 2025 midpoint EBITDA aligns with Street expectations.
Raymond James acknowledged that while results remain muted compared to expectations entering 2025, the positive momentum is encouraging ahead of what is anticipated to be a strong offshore market starting in late 2026.
In other recent news, Helix Energy Solutions Group Inc . reported its third-quarter 2025 earnings, showing a mixed financial performance. The company recorded earnings per share (EPS) of $0.15, which did not meet the forecasted $0.17. However, Helix Energy exceeded revenue expectations, achieving $377 million compared to the anticipated $359.57 million. This revenue beat has been a focal point for investors, indicating strong operational results. The financial community has taken note of these developments, though the specifics of any analyst upgrades or downgrades were not detailed in the recent reports. These earnings and revenue figures are significant for investors assessing Helix Energy’s current market position. The company’s performance in this quarter has garnered attention due to its implications for future financial assessments. These developments are part of the latest updates concerning Helix Energy Solutions Group Inc.
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