Helix Energy Solutions Group (NYSE:HLX) Shares Gap Up After Earnings Beat

Helix Energy Solutions Group, Inc. (NYSE:HLX) gapped up before the market opened on Tuesday following a stronger than expected earnings report. The stock had previously closed at $9.07, but opened at $9.84. Helix Energy Solutions Group shares last traded at $10.2520, with a volume of 879,633 shares changing hands.

The oil and gas company reported $0.06 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.08. The firm had revenue of $334.16 million for the quarter, compared to analysts’ expectations of $304.67 million. Helix Energy Solutions Group had a return on equity of 2.89% and a net margin of 2.39%.Helix Energy Solutions Group’s quarterly revenue was down 5.9% on a year-over-year basis.

Key Headlines Impacting Helix Energy Solutions Group

Here are the key news stories impacting Helix Energy Solutions Group this week:

• Positive Sentiment: Management set a 2026 revenue target of $1.2B–$1.4B and said it is weighing M&A and succession options — a concrete growth target and strategic flexibility that support investor confidence. Helix outlines $1.2B–$1.4B revenue target
• Positive Sentiment: Company disclosed a new North Sea contract and discussed a planned CEO transition, which together improve near‑term backlog visibility and reduce leadership uncertainty. New North Sea contract & CEO transition
• Positive Sentiment: Q4 earnings beat expectations on EPS (reported $0.16 per Zacks), giving investors reason to bid up the stock despite mixed top-line signals. Q4 EPS and revenue beat (Zacks)
• Neutral Sentiment: Management’s earnings presentation/slides provide detail on segment results and backlog — useful for modeling but not new market-moving guidance beyond the 2026 target. Earnings call presentation
• Negative Sentiment: Q4 results included a non-cash impairment charge and net income/earnings were down versus prior periods, signaling some asset-level stress and limiting near-term profitability upside. Press release with impairment disclosure
• Negative Sentiment: Some coverage noted revenue softness or mixed revenue results versus expectations, introducing uncertainty about topline momentum even as EPS beat. Coverage noting revenue shortfall

Analysts Set New Price Targets

A number of equities analysts recently weighed in on HLX shares. Zacks Research upgraded shares of Helix Energy Solutions Group from a “strong sell” rating to a “hold” rating in a report on Thursday, November 20th. Weiss Ratings reissued a “hold (c-)” rating on shares of Helix Energy Solutions Group in a report on Monday, December 29th. Two analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $10.50.

Institutional Trading of Helix Energy Solutions Group

Several large investors have recently added to or reduced their stakes in the business. Millennium Management LLC lifted its position in Helix Energy Solutions Group by 893.7% during the third quarter. Millennium Management LLC now owns 4,025,701 shares of the oil and gas company’s stock valued at $26,409,000 after purchasing an additional 3,620,563 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of Helix Energy Solutions Group by 109.8% in the third quarter. Principal Financial Group Inc. now owns 4,804,147 shares of the oil and gas company’s stock worth $31,515,000 after buying an additional 2,514,402 shares during the period. Invesco Ltd. raised its stake in shares of Helix Energy Solutions Group by 219.2% in the second quarter. Invesco Ltd. now owns 3,198,950 shares of the oil and gas company’s stock worth $19,961,000 after buying an additional 2,196,916 shares during the period. Adage Capital Partners GP L.L.C. purchased a new position in shares of Helix Energy Solutions Group during the 2nd quarter valued at about $10,296,000. Finally, Cerity Partners LLC bought a new position in shares of Helix Energy Solutions Group during the 2nd quarter valued at approximately $8,108,000. 91.33% of the stock is currently owned by institutional investors.

Helix Energy Solutions Group Stock Up 16.6%

The company has a market capitalization of $1.56 billion, a PE ratio of 50.36 and a beta of 1.25. The company’s fifty day moving average is $7.51 and its 200-day moving average is $6.88. The company has a debt-to-equity ratio of 0.19, a quick ratio of 2.54 and a current ratio of 2.54.

About Helix Energy Solutions Group

Helix Energy Solutions Group, Inc (NYSE: HLX) is a Houston-based provider of offshore well intervention and robotics services to the global energy industry. The company specializes in extending the productive life of subsea wells through hydraulic workover systems, coiled tubing operations and riser-based wireline services. In addition, Helix offers remotely operated vehicle (ROV) support, inspection, maintenance and repair for subsea infrastructure.

Operating through three core business segments—Well Intervention, Robotics & Subsea Services and Production Facilities—Helix deploys purpose-built vessels, specialized equipment and engineering expertise to execute complex offshore projects.