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Stock impact report

Helix Energy Solutions: Strong Quarter And Solid Medium-Term Prospects - Buy [Seeking Alpha]

Helix Energy Solutions Group, Inc. (HLX) 
Last helix energy solutions group, inc. earnings: 4/22 06:15 pm Check Earnings Report
Company Research Source: Seeking Alpha
Outperformance was mostly a result of strong contributions from the company's shallow water abandonment and robotics operations. HLX generated an eye-catching $107 million in free cash flow and finished the quarter with $445 million in cash and equivalents and $315 million in funded debt. While the company's near-term outlook remains somewhat muted, a number of headwinds are expected to abate over the course of this year, thus paving the way for improved 2027 results. With Helix Energy Solutions commanding the industry's strongest balance sheet, the company remains my top pick among offshore oil and gas service stocks. Consequently, I am reiterating my "Buy" with an increased price target of $14.00. 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 » arild lilleboe/iStock via Getty Images I have covered Helix Energy Solutions Group, Inc. ( HLX ) previously, so investors should vi Show less Read more
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