Hornbeck Offshore Services (HOS) Reaches New 1-Year Low at $5.28
Hornbeck Offshore Services (NYSE:HOS) shares reached a new 52-week low on Thursday . The stock traded as low as $5.28 and last traded at $5.33, with a volume of 395,207 shares traded. The stock had previously closed at $5.44.
Several research firms recently weighed in on HOS. Zacks Investment Research upgraded shares of Hornbeck Offshore Services from a “strong sell” rating to a “hold” rating in a report on Thursday, August 11th. Iberia Capital cut shares of Hornbeck Offshore Services from a “sector perform” rating to an “underperform” rating in a report on Friday, August 5th. TheStreet cut shares of Hornbeck Offshore Services from a “hold” rating to a “sell” rating in a report on Wednesday, August 3rd. Clarkson Capital upgraded shares of Hornbeck Offshore Services from a “sell” rating to a “neutral” rating in a report on Friday, May 13th. Finally, Stephens upgraded shares of Hornbeck Offshore Services from an “underweight” rating to an “equal weight” rating in a report on Wednesday, May 11th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $12.39.
The company’s 50 day moving average price is $7.21 and its 200 day moving average price is $8.68. The firm’s market cap is $194.03 million.
Hornbeck Offshore Services (NYSE:HOS) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.57) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.39) by $0.18. During the same quarter last year, the business earned $0.53 EPS. The business had revenue of $53.67 million for the quarter, compared to analyst estimates of $66.74 million. The firm’s revenue was down 60.7% on a year-over-year basis. On average, equities analysts predict that Hornbeck Offshore Services will post ($1.93) earnings per share for the current fiscal year.
An institutional investor recently raised its position in Hornbeck Offshore Services stock. Schwab Charles Investment Management Inc. increased its position in Hornbeck Offshore Services (NYSE:HOS) by 10.7% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 189,389 shares of the company’s stock after buying an additional 18,355 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.53% of Hornbeck Offshore Services worth $1,883,000 at the end of the most recent reporting period.
Hornbeck Offshore Services Inc provides marine transportation, subsea installation and accommodation support services to exploration and production, oilfield service, offshore construction and the United States military customers. The Company focuses on providing marine solutions for the deepwater and ultradeepwater energy industry in domestic and select foreign locations.