HELIX ENERGY SOLUTIONS GROUP INC (HLX) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does HELIX ENERGY SOLUTIONS GROUP INC Do?
Helix Energy Solutions Group, Inc., an offshore energy services company, provides specialty services to the offshore energy industry primarily in Brazil, the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. The company operates through three segments: Well Intervention, Robotics, and Production Facilities. It engages in the installation of flowlines, control umbilicals, and manifold assemblies and risers; trenching and burial of pipelines; installation and tie-in of riser and manifold assembly; commissioning, testing, and inspection activities; and provision of cable and umbilical lay, and connection services. The company also provides well intervention, intervention engineering, and production enhancement services; inspection, repair, and maintenance of production structures, trees, jumpers, risers, pipelines, and subsea equipment; and related support services. In addition, it offers reclamation and remediation services; well plug and abandonment services; pipeline abandonment services; and site inspections. Additionally, the company offers oil and natural gas processing facilities and services; and fast response system, as well as site clearance and subsea support services. It serves independent oil and gas producers and suppliers, pipeline transmission companies, renewable energy companies, and offshore engineering and construction firms. The company was formerly known as Cal Dive International, Inc. and changed its name to Helix Energy Solutions Group, Inc. in March 2006. Helix Energy Solutions Group, Inc. was incorporated in 1979 and is headquartered in Houston, Texas. HELIX ENERGY SOLUTIONS GROUP INC (HLX) is classified as a small-cap stock in the Energy sector, specifically within the Petroleum And Natural Gas industry. The company is led by CEO Owen E. Kratz and employs approximately 2,280 people, headquartered in Houston, Texas. With a market capitalization of $1.5B, HLX is one of the notable companies in the Energy sector.
HELIX ENERGY SOLUTIONS GROUP INC (HLX) Stock Rating — Hold (April 2026)
As of April 2026, HELIX ENERGY SOLUTIONS GROUP INC receives a Hold rating with a composite score of 45.4/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.HLX ranks #1,652 out of 4,446 stocks in our coverage universe. Within the Energy sector, HELIX ENERGY SOLUTIONS GROUP INC ranks #107 of 128 stocks, placing it in the lower half of its Energy peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
HLX Stock Price and 52-Week Range
HELIX ENERGY SOLUTIONS GROUP INC (HLX) currently trades at $9.61. The 52-week high for HLX is $10.75, which means the stock is currently trading -10.6% from its annual peak. The 52-week low is $5.52, putting the stock 74.1% above its annual trough. Recent trading volume was 0 shares, suggesting relatively thin trading activity.
Is HLX Overvalued or Undervalued? — Valuation Analysis
HELIX ENERGY SOLUTIONS GROUP INC (HLX) carries a value factor score of 54/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 26.51x, compared to the Energy sector average of 20.66x — a premium of 28%. The price-to-book ratio stands at 0.87x, versus the sector average of 1.76x. The price-to-sales ratio is 1.06x, compared to 0.49x for the average Energy stock. On an enterprise value basis, HLX trades at 11.05x EV/EBITDA, versus 3.73x for the sector.
Overall, HLX's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.
HELIX ENERGY SOLUTIONS GROUP INC Profitability — ROE, Margins, and Quality Score
HELIX ENERGY SOLUTIONS GROUP INC (HLX) earns a quality factor score of 40/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is 3.3%, compared to the Energy sector average of 6.7%, which is below typical expectations for high-quality companies. Return on assets (ROA) comes in at 2.0% versus the sector average of 3.7%.
On a margin basis, HELIX ENERGY SOLUTIONS GROUP INC reports gross margins of 12.9%, compared to 52.7% for the sector. The operating margin is 6.9% (sector: 10.7%). Net profit margin stands at 3.7%, versus 6.4% for the average Energy stock. Revenue growth is running at 3.3% on a trailing basis, compared to -1.2% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.
HLX Debt, Balance Sheet, and Financial Health
HELIX ENERGY SOLUTIONS GROUP INC has a debt-to-equity ratio of 19.0%, compared to the Energy sector average of 55.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. The current ratio is 2.75x, indicating strong short-term liquidity. Total debt on the balance sheet is $308M. Cash and equivalents stand at $338M.
HLX has a beta of 1.33, meaning it is more volatile than the broader market — a $10,000 investment in HLX would be expected to move 32.7% more than the S&P 500 on any given day. The stability factor score for HELIX ENERGY SOLUTIONS GROUP INC is 43/100, reflecting average volatility within the normal range for its sector.
HELIX ENERGY SOLUTIONS GROUP INC Revenue and Earnings History — Quarterly Trend
In TTM 2026, HELIX ENERGY SOLUTIONS GROUP INC reported revenue of $1.30B and earnings per share (EPS) of $0.21. Net income for the quarter was $52M. Gross margin was 12.9%. Operating income came in at $98M.
In FY 2025, HELIX ENERGY SOLUTIONS GROUP INC reported revenue of $1.29B and earnings per share (EPS) of $0.21. Net income for the quarter was $31M. Gross margin was 12.3%. Revenue grew -4.9% year-over-year compared to FY 2024. Operating income came in at $65M.
In Q3 2025, HELIX ENERGY SOLUTIONS GROUP INC reported revenue of $377M and earnings per share (EPS) of $0.15. Net income for the quarter was $22M. Gross margin was 17.5%. Revenue grew 10.1% year-over-year compared to Q3 2024. Operating income came in at $48M.
In Q2 2025, HELIX ENERGY SOLUTIONS GROUP INC reported revenue of $302M and earnings per share (EPS) of $-0.02. Net income for the quarter was $-3M. Gross margin was 4.9%. Revenue grew -17.1% year-over-year compared to Q2 2024. Operating income came in at $-3M.
Over the past 8 quarters, HELIX ENERGY SOLUTIONS GROUP INC has demonstrated a growth trajectory, with revenue expanding from $365M to $1.30B. Investors analyzing HLX stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
HLX Dividend Yield and Income Analysis
HELIX ENERGY SOLUTIONS GROUP INC (HLX) does not currently pay a dividend. This is common among smaller companies in the Petroleum And Natural Gas industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Energy dividend stocks may want to explore other Energy stocks or use the stock screener to filter by dividend yield.
HLX Momentum and Technical Analysis Profile
HELIX ENERGY SOLUTIONS GROUP INC (HLX) has a momentum factor score of 61/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 32/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 25/100 signals elevated short interest, which can indicate bearish sentiment among institutional investors.
HLX vs Competitors — Energy Sector Ranking and Peer Comparison
Within the Energy sector, HELIX ENERGY SOLUTIONS GROUP INC (HLX) ranks #107 out of 128 stocks based on the Blank Capital composite score. This places HLX in the lower half of all Energy stocks in our coverage universe. Key competitors and sector peers include Greenfire Resources Ltd. (GFR) with a score of 59.0/100, TotalEnergies SE (TTE) with a score of 57.1/100, APA Corp (APA) with a score of 54.0/100, GeoPark Ltd (GPRK) with a score of 55.4/100, and Kimbell Royalty Partners, LP (KRP) with a score of 52.4/100.
Comparing HLX against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full HLX vs S&P 500 (SPY) comparison to assess how HELIX ENERGY SOLUTIONS GROUP INC stacks up against the broader market across all factor dimensions.
HLX Next Earnings Date
No upcoming earnings date has been announced for HELIX ENERGY SOLUTIONS GROUP INC (HLX) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy HLX? — Investment Thesis Summary
HELIX ENERGY SOLUTIONS GROUP INC presents a balanced picture with arguments on both sides. Price momentum is positive at 61/100, suggesting the trend favors buyers.
In summary, HELIX ENERGY SOLUTIONS GROUP INC (HLX) earns a Hold rating with a composite score of 45.4/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on HLX stock.
Related Resources for HLX Investors
Explore more research and tools: HLX vs S&P 500 comparison, top Energy stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare HLX head-to-head with peers: HLX vs GFR, HLX vs TTE, HLX vs APA.