Last $27.32 USD
Change Today +0.35 / 1.30%
Volume 409.4K
HLX On Other Exchanges
Symbol
Exchange
Munich
New York
As of 8:04 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

helix energy solutions group (HLX) Snapshot

Open
$27.01
Previous Close
$26.97
Day High
$27.36
Day Low
$26.90
52 Week High
07/24/14 - $28.00
52 Week Low
02/3/14 - $19.44
Market Cap
2.9B
Average Volume 10 Days
621.2K
EPS TTM
$1.71
Shares Outstanding
105.5M
EX-Date
--
P/E TM
15.9x
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., an offshore energy company, 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 Well Intervention, Robotics, and Production Facilities segments. It engineers, manages, and conducts well construction, intervention, and asset retirement operations in water depths ranging from 200 to 10,000 feet; operates remotely operated vehicles (ROVs), trenchers, and ROVDrills for offshore construction, maintenance, and well intervention services primarily in the Gulf of Mexico, North Sea, the Asia Pacific, and West Africa regions. 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; and 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 offers oil and natural gas processing services to oil and natural gas companies. Its 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.

1,600 Employees
Last Reported Date: 02/21/14
Founded in 1979

helix energy solutions group (HLX) Top Compensated Officers

Executive Chairman, Chief Executive Officer a...
Total Annual Compensation: $700.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $480.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $380.0K
Executive Vice President, General Counsel and...
Total Annual Compensation: $360.0K
Compensation as of Fiscal Year 2013.

helix energy solutions group (HLX) Key Developments

Helix Energy Solutions Group, Inc. Presents at Simmons 2014 European Energy Conference, Aug-27-2014

Helix Energy Solutions Group, Inc. Presents at Simmons 2014 European Energy Conference, Aug-27-2014 . Venue: Gleneagles Hotel, Auchterarder, Perthshire, Scotland WS, United Kingdom.

OneSubsea, Schlumberger and Helix Energy Solutions Group, Inc. to Form Subsea Well Intervention Alliance

OneSubsea, Schlumberger and Helix Energy Solutions Group, Inc. announced that they have entered into a letter of intent to form an alliance to develop technologies and deliver services to optimize the cost and efficiency of subsea well intervention systems. Upon agreement on the final terms of the alliance definitive agreement, the alliance will leverage the capabilities of Helix, OneSubsea and Schlumberger, to provide a unique, fully integrated offering, combining marine support with well access and control technologies. The alliance will focus on several objectives aimed at increasing the operating envelope of subsea intervention technology. These objectives include the expansion of applications enabled by subsea well-access technology, and specific solutions for deep and ultra-deepwater basins and higher well pressure environments. An important consideration is the evolution in the capabilities of Helix's vessels to provide well intervention and additional support services such as well commissioning, artificial lift support, and abandonment, which are usually performed using drilling rigs.

Helix Energy Solutions Group, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Revises Earnings Guidance for the Year 2014; Provides Earnings Guidance for the Third Quarter 2014

Helix Energy Solutions Group, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported net income applicable to company of USD 57,782,000 or USD 0.55 per basic and diluted share compared to net income applicable to company of USD 27,211,000 or USD 0.26 per basic and diluted share a year ago. Net revenues were USD 305,587,000 compared to USD 232,178,000 reported a year ago. Income from operations was USD 78,756,000 compared to USD 47,197,000 reported a year ago. Income before income taxes was USD 75,311,000 compared to USD 36,606,000 reported a year ago. Income from continuing operations was USD 57,782,000 or USD 0.55 per basic and diluted share compared with USD 28,029,000 or USD 0.26 per basic and diluted share for the same period of last year. EBITDA from continuing operations was USD 107,972,000 compared to USD 74,474,000 reported a year ago. Adjusted EBITDA from continuing operations was USD 109,050,000 compared to USD 74,533,000 reported a year ago. The company incurred capital expenditures (including capitalized interest) totaling USD 105 million in the second quarter of 2014, compared to USD 70 million in the first quarter of 2014 and USD 59 million in the second quarter of 2013. Net debt dropped to USD 57 million and net debt-to-book cap also dropped to the 3% level at the end of the quarter. For the six months, the company reported net income applicable to company of USD 111,501,000 or USD 1.05 per diluted share compared with net income applicable to company of USD 28,826,000 or USD 0.27 per diluted share a year ago. Net revenues were USD 559,159,000 compared to USD 429,607,000 reported a year ago. Income from operations was USD 145,704,000 compared to USD 62,435,000 reported a year ago. Income before income taxes was USD 149,950,000 compared to USD 38,383,000 reported a year ago. Income from continuing operations was USD 112,004,000 or USD 1.05 per diluted share compared with USD 29,363,000 or USD 0.26 per diluted share for the same period of last year. EBITDA from continuing operations was USD 212,630,000 compared to USD 117,520,000 reported a year ago. Adjusted EBITDA from continuing operations was USD 201,551,000 compared to USD 116,564,000 reported a year ago. Year-to-date operating cash flow increased to USD 114 million, driven by strong operating results. The company used cash from operations to fund USD 97 million of capital expenditures, USD 10 million of debt repayments and USD 7 million of stock repurchases. The company revised earnings guidance for the year 2014. For the year, the company forecasting total CapEx spend for 2014 at USD 375 million, which is slightly down from the USD 400 million previously guided. The company expects to be better than have previously guided. The company expectation that will exceed previous guidance of USD 350 million of EBITDA for the full year and are now suggesting EBITDA for the full year would be greater than USD 360 million. The company still guiding full year tax rate somewhere between 25% and 30%. For the third quarter, the company expects another strong quarter in third quarter and expect third quarter to be consistent or better than second quarter, absent any operational hiccups.

 

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HLX

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Valuation HLX Industry Range
Price/Earnings 15.0x
Price/Sales 2.9x
Price/Book 1.8x
Price/Cash Flow 15.0x
TEV/Sales 1.8x
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