Helix Energy Solutions Group, Inc. (HLX) - NYSE
  • Wed, Jul. 20, 2:00 PM
    | Wed, Jul. 20, 2:00 PM
  • Wed, Jul. 13, 2:00 PM
    | Wed, Jul. 13, 2:00 PM | 3 Comments
  • Wed, Jul. 13, 12:44 PM
    | Wed, Jul. 13, 12:44 PM
  • Wed, May 25, 2:58 PM
    • BP (BP +3.3%) has started a water injection project at its Thunder Horse platform in the deepwater Gulf of Mexico to boost oil and gas recovery from one of the field’s three main reservoirs.
    • BP expects the improvements to allow the facility to recover an additional 65M boe over time.
    • The Thunder Horse platform, which began producing in 2008, has production capacity of 250K bbl/day of oil and 200M cf/day of gas.
    • BP is using Helix Energy Solutions' (HLX +8.4%) newbuild well intervention vessel Q5000 at Thunder Horse for workovers and well enhancement, including acid stimulation and water reduction.
    • Thunder Horse is operated by BP with a 75% working interest, while Exxon Mobil (XOM +0.5%) holds the remaining 25%.
    | Wed, May 25, 2:58 PM | 5 Comments
  • Tue, Apr. 12, 11:29 AM
    • Helix Energy (HLX +7.6%) is upgraded to Outperform from Neutral with a $10 price target, doubled from $5, at Credit Suisse, which cites HLX's leading position in the well intervention segment.
    • The firm says many deepwater wells are now 8-9 years old and in need of well intervention, which should boost volumes allowing oil companies to slow down decline rates, and sees 2016 as the earnings trough for HLX as well intervention activity picks up in 2017.
    • Credit Suisse raises its EPS estimates for 2016 and 2017 to $0.50 loss from a$0.70 loss and to a $0.15 loss from a $0.64 loss, respectively.
    • Now read Helix Energy upgraded at Morgan Stanley, led by well intervention
    | Tue, Apr. 12, 11:29 AM
  • Tue, Apr. 12, 9:12 AM
    | Tue, Apr. 12, 9:12 AM
  • Fri, Apr. 8, 12:45 PM
    | Fri, Apr. 8, 12:45 PM | 7 Comments
  • Thu, Mar. 17, 12:49 PM
    | Thu, Mar. 17, 12:49 PM | 16 Comments
  • Thu, Mar. 17, 12:14 PM
    • Helix Energy Solutions (HLX +16.8%) is upgraded to Overweight from Equal Weight with a $10 price target, raised from $8, at Morgan Stanley, which believes well intervention will lead to a resurgence after a tough Q1.
    • The firm says HLX’s well intervention continues to be more competitive: In the Gulf of Mexico, even at current depressed dayrates of 60% below the peak for deepwater rigs, HLX’s vessels are 15%-25% more economic for customers, and in the North Sea, the company’s well intervention vessels are 30%-60% more economic.
    • HLX shares are "pricing in a much more punitive valuation vs. offshore names that are structurally worse off,” Stanley says.
    | Thu, Mar. 17, 12:14 PM
  • Tue, Feb. 23, 2:59 PM
    • Helix Energy (HLX +23.6%) skyrockets after posting Q4 beats on the top and bottom lines, saying it exceeded its prior EBITDA outlook on the strength of better utilization of both the Q4000 and the Q5000 for well intervention activities in the Gulf of Mexico.
    • HLX said in today's earnings conference call that it does not see any evidence of recovery in 2016, as customers have responded to the weak energy environment by slashing 2016 budgets even deeper than 2015.
    • HLX also said it expects difficultly in hitting breakeven in Q1 EBITDA, although it will see significant improvement in Q2; it also plans FY 2016 capex of $245M.
    | Tue, Feb. 23, 2:59 PM
  • Tue, Feb. 23, 12:46 PM
    | Tue, Feb. 23, 12:46 PM
  • Oct. 28, 2015, 2:57 PM
    • Helix Energy Solutions (HLX +7.8%) says its Q5000 well intervention unit entered service last week and is currently on hire for a client in the Gulf of Mexico.
    • HLX says deployment of the Q5000 is the culmination of a three-year effort to to launch a second semisubmersible purpose-built well intervention asset after the Q4000.
    • HLX says its contract with BP, which was scheduled to begin in Q3 2015, will now begin April 2016, but the contract period remains at five years.
    | Oct. 28, 2015, 2:57 PM
  • Oct. 20, 2015, 3:59 PM
    • Helix Energy Solutions (HLX +26.9%) surges higher after beating Q3 earnings estimates, and revenues rose 9% Q/Q to $182M even as they fell ~$10M short of expectations.
    • HLX says well intervention revenue rose 11% Q/Q, reflecting a greater number of utilized days in the quarter for two of its North Sea vessels, and robotic revenue also added 11% Q/Q as vessel utilization rose to 87%.
    • Nevertheless, CEO Owen Kratz warns that industry conditions will remain challenging, and expects Q4 results to be affected by normal seasonal factors in the North Sea as well as a continuation of the weak industry environment.
    | Oct. 20, 2015, 3:59 PM
  • Oct. 20, 2015, 12:45 PM
    | Oct. 20, 2015, 12:45 PM | 1 Comment
  • Oct. 2, 2015, 5:37 PM
    • Top gainers, as of 5.25 p.m.: RGS +7.3%. OFG +5.7%. EZPW +4.3%. IBKR +4.2%.
    • Top losers, as of 5.25p.m.: XNPT -19.0%. THRX -11.5%. HLX -11.8%. CDE -11.5%.
    | Oct. 2, 2015, 5:37 PM
  • Sep. 24, 2015, 6:58 PM
    • Rambus (NASDAQ:RMBS) has moved up 6.5% after hours on news it's replacing Ryland Group (NYSE:RYL) in the S&P SmallCap 600 after the close on Oct. 1.
    • Ryland, which is up 1.5% after hours, is getting acquired by Standard Pacific (NYSE:SPF) in a deal expected to close on that date. Standard Pacific -- which is changing its name to CalAtlantic Group -- is leaving the SmallCap 600 along with Ryland, to join the S&P MidCap 400.
    • Meanwhile, the other SmallCap 600 spot will be taken by Helix Energy Solutions (HLX -3.2%), which is leaving the MidCap 400 now that its market cap (about $557M) is "more representative of the small-cap market space." Helix is up 0.3% after hours.
    • Previously: Industry eyes Ryland/Standard Pacific merger (Jun. 15 2015)
    • Previously: Homebuilders Standard Pacific, Ryland Group agree to merge (Jun. 14 2015)
    | Sep. 24, 2015, 6:58 PM | 1 Comment
Company Description
Helix Energy Solutions Group, Inc. provides services to the offshore energy industry, with a focus on well intervention and robotics operations. The company operates through four segments: Well Intervention, Robotics, Subsea Construction and Production Facilities. The Well Intervention segment... More
Industry: Oil & Gas Equipment & Services
Country: United States