Helix Energy (HLX) Sells Shallow Water Business for $107.5 Million
Helix Energy Solutions Group Inc (HLX) has completed the sale of its Gulf of America Shallow Water Abandonment business to C-Dive for $107.5 million, a strategic move following its merger with Hornbeck Offshore Services. This divestiture aims to focus Helix on its deepwater operations, advanced subsea robotics, and well intervention services. While the company holds a strong GF Score of 84, its high P/E ratio of 102.9x suggests it may be overvalued, warranting cautious investor consideration despite its growth potential.
APR 18·MarketBeat▲
Short Interest in Helix Energy Solutions Group, Inc. (NYSE:HLX) Drops By 15.1%
Short interest in Helix Energy Solutions Group (NYSE:HLX) decreased by 15.1% in March, totaling 5,030,795 shares, which represents about 3.7% of the stock and a 2.6-day-to-cover ratio. The company recently reported better-than-expected earnings with EPS of $0.06 and revenue of $334.2 million, though revenue was down 5.9% year-over-year. Analysts currently hold a "Moderate Buy" rating for HLX with an average target price of $10.50.
FEB 20·Benzinga→
Helix Energy Solns Gr Earnings Preview
Helix Energy Solutions Group (NYSE: HLX) is set to release its quarterly earnings on February 23, 2026. Analysts project an earnings per share (EPS) of $0.02, and investors will be looking for the company to surpass estimates and provide positive guidance for the next quarter. The company's stock has shown positive performance, up 13.44% over the last 52 weeks, despite missing EPS estimates by $0.01 in the previous quarter.
