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Last $6.50 USD
Change Today +0.13 / 2.04%
Volume 2.0M
HLX On Other Exchanges
Symbol
Exchange
Munich
New York
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

helix energy solutions group (HLX) Snapshot

Open
$6.32
Previous Close
$6.37
Day High
$6.70
Day Low
$6.24
52 Week High
11/21/14 - $27.70
52 Week Low
08/24/15 - $5.31
Market Cap
688.7M
Average Volume 10 Days
2.0M
EPS TTM
$0.95
Shares Outstanding
106.0M
EX-Date
--
P/E TM
6.9x
Dividend
--
Dividend Yield
--
Current Stock Chart for HELIX ENERGY SOLUTIONS GROUP (HLX)

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helix energy solutions group (HLX) Details

Helix Energy Solutions Group, Inc., together with its subsidiaries, provides specialty services to the offshore energy industry primarily in the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. The company operates through four segments: Well Intervention, Robotics, Production Facilities, and Subsea Construction. It engineers, manages, and conducts well construction, intervention, and abandonment operations in water depths ranging from 200 to 10,000 feet; and operates remotely operated vehicles (ROVs), trenchers, and ROVDrills for offshore construction, maintenance, and well intervention services. The company offers production services, such as inspection, repair, and maintenance of production structures, trees, jumpers, risers, pipelines, and subsea equipment; well intervention services; life of field support services; intervention engineering services. It also provides reclamation and remediation services; plugging and abandonment services; pipeline abandonment services; and site inspection services. In addition, the company engages in the installation of subsea pipelines, flowlines, control umbilicals, manifold assemblies, and risers; burial of pipelines; installation and tie-in of riser and manifold assembly; commissioning, testing, and inspection; and cable and umbilical lay and connection. Further, it offers oil and natural gas processing services to oil and natural gas companies; and fast response system services. The company’s customers primarily include independent oil and gas producers and suppliers, pipeline transmission companies, alternative (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.

1,800 Employees
Last Reported Date: 02/18/15
Founded in 1979

helix energy solutions group (HLX) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $700.0K
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $480.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $360.0K
Compensation as of Fiscal Year 2014.

helix energy solutions group (HLX) Key Developments

Willie Briscoe Files Federal Class Action Lawsuit in the United States District Court for the Southern District of Texas against Helix Energy Solutions Group, Inc

Former United States Securities and Exchange Commission attorney Willie Briscoe announced that a federal class action lawsuit has been filed in the United States District Court for the Southern District of Texas against Helix Energy Solutions Group, Inc. and several officers and directors for acts taken during the period of October 21, 2014 to July 21, 2015. Based upon the allegations in the class action, the firms are investigating additional legal claims against the officers and Board of Directors of Helix. According to the complaint, the defendants are alleged to have violated certain provisions of the Securities Exchange Act of 1934. Specifically, the complaint alleges, among other things, that defendants issued statements suggesting that its Q4000 vessel would be out of drydock for approximately 46 days and the H534 for about 30 days. On July 20, 2015, Helix disclosed that the Q4000 was in dry dock for 75 of the 91 days in the second quarter and that the H534 was utilized for 50 days of that quarter. Helix stock dropped significantly immediately following this announcement.

Helix Energy Solutions Group, Inc. Announces Executive Changes

Helix Energy Solutions Group, Inc. announced that James Martin Hall has accepted a senior position within Helix's robotics business unit. As a result, he has resigned as Helix's Chief Accounting Officer and the company appointed Erik Staffeldt as Vice President Finance and Accounting of Helix and designated as its principal accounting officer. Mr. Staffeldt joined Helix in July 2009 as Assistant Corporate Controller. In August 2011 he was appointed Director Corporate Accounting, in March 2013 he was appointed Director of Finance, and from February 2014 until July 2015 he served as Finance and Treasury Director.

Helix Energy Solutions Group, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Helix Energy Solutions Group, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported net loss applicable to common shareholders of USD 2.6 million or USD 0.03 per diluted share compared to net income applicable to common shareholders of USD 57.8 million or USD 0.55 per diluted share for the same period in 2014. Net revenues were USD 166,016,000 compared to USD 305,587,000 reported a year ago. Income from operations was USD 7,674,000 compared to USD 78,756,000 reported a year ago. Loss before income taxes was USD 2,021,000 compared to income before income taxes of USD 75,311,000 reported a year ago. EBITDA was USD 35,689,000 compared to USD 107,972,000 reported a year ago. Adjusted EBITDA was USD 35,689,000 compared to USD 109,050,000 reported a year ago. The company incurred capital expenditures (including capitalized interest) totaling USD 197 million in the second quarter of 2015, compared to USD 58 million in the first quarter of 2015. The increase in capital expenditures in the second quarter was driven by the final shipyard payment associated with the delivery of the Q5000 vessel. For the six months, the company reported net income applicable to common shareholders of USD 17.0 million or USD 0.16 per diluted share compared with USD 111.5 million or USD 1.05 per diluted share for the six months ended June 30, 2014. Net revenues were USD 355,657,000 compared to USD 559,159,000 reported a year ago. Income from operations was USD 30,002,000 compared to USD 145,704,000 reported a year ago. Income before income taxes was USD 18,028,000 compared to USD 149,950,000 reported a year ago. EBITDA was USD 87,053,000 compared to USD 212,630,000 reported a year ago. Adjusted EBITDA was USD 87,053,000 compared to USD 201,551,000 reported a year ago. Consolidated net debt at June 30, 2015 was USD 294 million.

 

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Industry Analysis

HLX

Industry Average

Valuation HLX Industry Range
Price/Earnings 6.8x
Price/Sales 0.8x
Price/Book 0.4x
Price/Cash Flow 6.8x
TEV/Sales NM Not Meaningful
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