Hornbeck Offshore Services (HOS) Shares Up -0.3%
Hornbeck Offshore Services (NYSE:HOS) shares shot up 0.3% on Friday . The company traded as high as $3.21 and last traded at $3.11. 491,697 shares traded hands during trading, a decline of 49% from the average session volume of 965,711 shares. The stock had previously closed at $3.12.
A number of research firms have recently weighed in on HOS. Zacks Investment Research raised Hornbeck Offshore Services from a “sell” rating to a “hold” rating in a research report on Friday, September 1st. ValuEngine raised Hornbeck Offshore Services from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. Seaport Global Securities reaffirmed a “neutral” rating on shares of Hornbeck Offshore Services in a research report on Monday, August 7th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $3.50 price objective on shares of Hornbeck Offshore Services in a research report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. Hornbeck Offshore Services presently has an average rating of “Hold” and an average price target of $4.75.
The firm’s 50-day moving average price is $2.61 and its 200-day moving average price is $3.01. The company’s market cap is $112.94 million.
Hornbeck Offshore Services (NYSE:HOS) last posted its earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.82) EPS for the quarter, missing the consensus estimate of ($0.79) by $0.03. The company had revenue of $37.40 million for the quarter, compared to analyst estimates of $37.13 million. Hornbeck Offshore Services had a negative return on equity of 6.72% and a negative net margin of 47.42%. The firm’s revenue was down 30.4% on a year-over-year basis. During the same period last year, the business earned ($0.57) earnings per share. Equities analysts predict that Hornbeck Offshore Services will post ($2.98) earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of the stock. Brookfield Asset Management Inc. acquired a new stake in Hornbeck Offshore Services during the second quarter worth about $991,000. Arrowstreet Capital Limited Partnership acquired a new stake in Hornbeck Offshore Services during the second quarter worth about $1,957,000. Caspian Capital LP acquired a new stake in Hornbeck Offshore Services during the second quarter worth about $2,147,000. Goldman Sachs Group Inc. grew its holdings in Hornbeck Offshore Services by 86.3% during the second quarter. Goldman Sachs Group Inc. now owns 117,476 shares of the oil and gas company’s stock worth $332,000 after acquiring an additional 54,431 shares during the period. Finally, Balyasny Asset Management LLC acquired a new stake in Hornbeck Offshore Services during the second quarter worth about $568,000. 86.67% of the stock is currently owned by hedge funds and other institutional investors.
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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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