Helix Energy Solutions: Mediocre 2024 Outlook Provides Buying Opportunity [Seeking Alpha]
Helix Energy Solutions Group, Inc. (HLX)
Last helix energy solutions group, inc. earnings: 4/22 06:15 pm
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US:NYSE Investor Relations:
phx.corporate-ir.net/phoenix.zhtml?c=94139&p=irol-irhome
Company Research
Source: Seeking Alpha
The company generated almost $92 million in free cash flow, the highest level in more than a decade, and finished the year with net debt of just $30 million. Management's 2024 outlook for more or less flat revenues and limited improvements in profitability and free cash flow came in below consensus expectations. 2025 should see major earnings inflection due to a number of high-specification well intervention vessels moving to high-margin dayrates. Following Tuesday's pullback, the shares offer approximately 50% upside to my slightly reduced price target of $13.50. Reiterating "Buy" rating. Looking for a helping hand in the market? Members of Value Investor's Edge get exclusive ideas and guidance to navigate any climate. Learn More » Note: I have covered Helix Energy Solutions Group, Inc. NYSE: HLX ) previously, so investors should view this as an update to my earlier coverage of the company. After the close of Tuesday's session, leading offshore energy specialty service
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HLX
News
- Helix Energy Solutions Group, Inc. (NYSE:HLX) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Helix Energy Solutions Group First Quarter 2024 Earnings: EPS Misses Expectations [Yahoo! Finance]Yahoo! Finance
- Helix Energy Solutions: Strong Prospects Going Into 2025, Buy [Seeking Alpha]Seeking Alpha
- Helix Reports First Quarter 2024 Results [Yahoo! Finance]Yahoo! Finance
- Helix Reports First Quarter 2024 ResultsBusiness Wire
HLX
Earnings
- 4/24/24 - Miss
HLX
Sec Filings
- 5/15/24 - Form 8-K
- 5/8/24 - Form 4
- 5/7/24 - Form 144
- HLX's page on the SEC website