Helix Energy (HLX): Analysts Stay Bullish Despite Questions Around The Hornbeck Deal
Key takeaways
- Helix Energy (HLX): Analysts Stay Bullish Despite Questions Around The Hornbeck Deal Sajjl Nooranne Sat, May 9, 2026 at 12:35 AM GMT+7 2 min read HLX With an upside potential of 17.68%, Helix Energy Solutions Group, Inc.
- (NYSE:HLX) reported first-quarter revenue of $287.95 million, exceeding the consensus estimate of $263.91 million.
- (NYSE:HLX) is an international offshore energy services company providing specialized services to the oil, gas, and renewable energy industries.
Helix Energy (HLX): Analysts Stay Bullish Despite Questions Around The Hornbeck Deal Sajjl Nooranne Sat, May 9, 2026 at 12:35 AM GMT+7 2 min read HLX With an upside potential of 17.68%, Helix Energy Solutions Group, Inc. (NYSE:HLX) is among the 8 Best Energy Infrastructure Stocks That Will Skyrocket.
On April 24, TD Cowen raised its price target on Helix Energy Solutions Group, Inc. (NYSE:HLX) to $14 from $13 while maintaining a Buy rating on the shares. The firm updated its model following in-line first-quarter results and the announcement of a reverse merger with Hornbeck, noting that while the strategic rationale is understandable, the deal’s economics were less compelling.
On April 23, Helix Energy Solutions Group, Inc. (NYSE:HLX) reported first-quarter revenue of $287.95 million, exceeding the consensus estimate of $263.91 million. Management highlighted $59 million in free cash flow generation and a strong liquidity position with over $500 million in cash, while also pointing to improving demand driven by higher commodity prices and supportive regulatory developments, with expectations for momentum to build into late 2026 and 2027.