Hornbeck Offshore Services’ (HOS) Hold Rating Reiterated at Piper Jaffray Companies
Piper Jaffray Companies restated their hold rating on shares of Hornbeck Offshore Services (NYSE:HOS) in a research note issued to investors on Thursday. Piper Jaffray Companies currently has a $3.50 price target on the oil and gas company’s stock.
A number of other equities analysts also recently weighed in on HOS. Zacks Investment Research raised shares of Hornbeck Offshore Services from a sell rating to a hold rating in a report on Thursday, April 6th. ValuEngine downgraded shares of Hornbeck Offshore Services from a sell rating to a strong sell rating in a report on Friday, June 2nd. Finally, Seaport Global Securities downgraded shares of Hornbeck Offshore Services from a buy rating to a neutral rating in a report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. The company has a consensus rating of Hold and an average price target of $4.75.
Hornbeck Offshore Services (NYSE HOS) traded up 7.27% during mid-day trading on Thursday, hitting $2.36. 435,452 shares of the stock were exchanged. Hornbeck Offshore Services has a 52 week low of $1.51 and a 52 week high of $9.07. The stock’s 50-day moving average is $2.60 and its 200 day moving average is $3.77. The company’s market capitalization is $86.77 million.
Hornbeck Offshore Services (NYSE:HOS) last posted its earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.82) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.79) by $0.03. Hornbeck Offshore Services had a negative return on equity of 6.72% and a negative net margin of 47.42%. The firm had revenue of $37.40 million during the quarter, compared to the consensus estimate of $37.13 million. During the same quarter in the previous year, the company earned ($0.57) EPS. The business’s revenue was down 30.4% compared to the same quarter last year. On average, analysts anticipate that Hornbeck Offshore Services will post ($3.21) EPS for the current year.
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Several institutional investors have recently modified their holdings of the company. Comerica Bank increased its position in shares of Hornbeck Offshore Services by 5.4% in the fourth quarter. Comerica Bank now owns 34,298 shares of the oil and gas company’s stock worth $256,000 after buying an additional 1,765 shares during the period. State Street Corp increased its position in shares of Hornbeck Offshore Services by 7.2% in the fourth quarter. State Street Corp now owns 816,200 shares of the oil and gas company’s stock worth $5,894,000 after buying an additional 55,158 shares during the period. Metropolitan Life Insurance Co. NY bought a new position in shares of Hornbeck Offshore Services during the fourth quarter worth $157,000. Teachers Advisors LLC increased its position in shares of Hornbeck Offshore Services by 9.6% in the fourth quarter. Teachers Advisors LLC now owns 71,850 shares of the oil and gas company’s stock worth $519,000 after buying an additional 6,308 shares during the period. Finally, Great West Life Assurance Co. Can increased its position in shares of Hornbeck Offshore Services by 12.6% in the first quarter. Great West Life Assurance Co. Can now owns 48,276 shares of the oil and gas company’s stock worth $214,000 after buying an additional 5,398 shares during the period. 97.45% of the stock is currently owned by institutional investors.
About Hornbeck Offshore Services
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.
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