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News Breaks
February 28, 2013
18:03 EDTHLXHelix Energy chief accounting officer Lloyd Hajdik to leave company
Helix Energy Solutions announced that effective March 1, Lloyd Hajdik will resign as chief accounting officer of the company to pursue opportunities outside the company. It is expected that Hajdik will leave Helix by the end of April following a transition of his duties. Marty Hall, most recently corporate controller, is appointed to the position of chief accounting officer effective March 1.
News For HLX From The Last 14 Days
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July 29, 2015
07:27 EDTHLXHelix Energy discloses resignation of Chief Accounting Officer James Martin Hall
In a regulatory filing, Helix Energy disclosed 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. effective July 28, 2015, Erik Staffeldt was appointed Vice President - Finance and Accounting of Helix and designated as its “principal accounting officer”.
July 22, 2015
10:01 EDTHLXOn The Fly: Analyst Downgrade Summary
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09:10 EDTHLXHelix Energy risk/reward compelling at current levels, says SunTrust
After Helix Energy reported weaker than expected results, SunTrust thinks the stock is unlikely to drop more than $1-$2 per share, while the shares could jump more than $10. The firm says that the risk of 2016 results missing expectations has dropped meaningfully as analysts probably reduced their estimates following Helix's miss. The firm identifies the stock as its favorite way to play offshore. It cut its price target on the name to $13 from $18 but keeps a Buy rating on the shares.
08:40 EDTHLXHelix Energy downgraded to Accumulate from Buy at Johnson Rice
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July 21, 2015
10:49 EDTHLXHelix Energy says 'way too early to tell' how 2016 may or may not shape up
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10:34 EDTHLXHelix says in dialogue with clients to find ways to preserve contracted work
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10:20 EDTHLXHelix Energy cuts FY15 EBITDA view to $160M-$190M from $200M-$240M
Says balance sheet, liquidity remains "strong." Cites weak oil industry for Q2 performance. Sees FY15 EBITDA $160M-$190M, sees improvement in Q3 vs. Q2. Says has reduced total headcount by 20%. Says focus must be on maintaining adequate liquidity and being as cash positive from operations as possible. Says downturn looking like "lower for longer" scenario. Comments made on the Q2 earnings conference call. Helix is down 14.07% to $9.71 in morning trading.
07:53 EDTHLXHelix Energy shares offer long-term opportunity, says SunTrust
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July 20, 2015
18:31 EDTHLXHelix Energy sees FY15 capex approx. $365M
Says utilization in the North Sea looks "weak" in Q4. Capex view assumes Q7000 delivery delayed until mid 2017. Says total backlog as of June 30 roughly $2.1B. Says Sees Q4000 having "good utilization" for remainder of 2015. Says H534 scheduled to enter dry dock in Q3 for 45 days, with vessel warm stack "under consideration." Says IRS no. 1 and 2 remain on hire for remainder of 2015. Says refit of Seawell to be completed in Q3, with warm stack "likely" thereafter. Says Skandi Constructor has full utilization through Q3 and into Q4. Says Well Enhancer has committed work through Q3 but availability in Q4.
18:24 EDTHLXHelix Energy sees FY15 EPS approx. 24c, consensus 67c
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18:09 EDTHLXHelix Energy reports total liquidity roughly $1B as of June 30
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18:07 EDTHLXHelix Energy reports Q2 EPS (3c), consensus 15c
Reports Q2 revenue $166.02M, consensus $193.72M. "Our second quarter results are indicative of overall weak industry conditions in the oilfield services sector. Our well intervention business was negatively impacted this quarter by a longer than planned Q4000 regulatory dry-dock and customer delays on the H534," said CEO Owen Kratz.

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