Helix Energy (HLX): Analysts Stay Bullish Despite Questions Around The Hornbeck Deal

On April 24, TD Cowen raised its terms people connected Helix Energy Solutions Group, Inc. (NYSE:HLX) to $14 from $13 portion maintaining a Buy standing connected the shares. The steadfast updated its exemplary pursuing in-line first-quarter results and the announcement of a reverse merger with Hornbeck, noting that portion the strategical rationale is understandable, the deal’s economics were little compelling.

On April 23, Helix Energy Solutions Group, Inc. (NYSE:HLX) reported first-quarter gross of $287.95 million, exceeding the statement estimation of $263.91 million. Management highlighted $59 cardinal successful escaped currency travel procreation and a beardown liquidity presumption with implicit $500 cardinal successful cash, portion besides pointing to improving request driven by higher commodity prices and supportive regulatory developments, with expectations for momentum to physique into precocious 2026 and 2027.

Helix Energy Solutions Group, Inc. (NYSE:HLX) is an planetary offshore vigor services institution providing specialized services to the oil, gas, and renewable vigor industries. The institution operates arsenic an vigor infrastructure and work supplier alternatively than a accepted exploration and accumulation firm, delivering captious offshore involution and accumulation solutions. Founded successful 1979, Helix is headquartered successful Houston, Texas.

Helix Energy appears well-positioned with coagulated fiscal performance, beardown escaped currency travel generation, and improving offshore request trends, reinforcing its maturation outlook. With an upside imaginable of 17.68%, the institution offers an charismatic accidental supported by strengthening fundamentals and a favorable medium-term manufacture backdrop.

While we admit the imaginable of HLX arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 10 Under-the-Radar Stocks That Are On Fire Right Now and 7 Best Vertical Farming and Hydroponic Stocks to Invest in.

Disclosure: None. Follow Insider Monkey connected Google News.