Hornbeck Offshore Services (HOS) Trading 8.7% Higher
Hornbeck Offshore Services (NYSE:HOS) shares traded up 8.7% during trading on Friday . The company traded as high as $3.52 and last traded at $3.51. 1,256,999 shares were traded during trading, an increase of 37% from the average session volume of 919,923 shares. The stock had previously closed at $3.23.
A number of research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Hornbeck Offshore Services from a “sell” rating to a “hold” rating in a research note on Monday, September 11th. ValuEngine upgraded shares of Hornbeck Offshore Services from a “strong sell” rating to a “sell” rating in a research report on Friday, September 1st. Seaport Global Securities restated a “neutral” rating on shares of Hornbeck Offshore Services in a research report on Monday, August 7th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $3.50 price target on shares of Hornbeck Offshore Services in a research report on Thursday, August 3rd. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. Hornbeck Offshore Services presently has a consensus rating of “Hold” and an average target price of $4.75.
The firm’s market cap is $129.97 million. The stock has a 50-day moving average of $2.72 and a 200-day moving average of $2.96.
Hornbeck Offshore Services (NYSE:HOS) last posted its quarterly earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.82) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.79) by ($0.03). The business had revenue of $37.40 million for the quarter, compared to the consensus estimate 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 company’s quarterly revenue was down 30.4% on a year-over-year basis. During the same period last year, the firm earned ($0.57) earnings per share. Equities research analysts forecast that Hornbeck Offshore Services will post ($2.98) EPS for the current year.
A number of large investors have recently modified their holdings of HOS. Teachers Advisors LLC increased its stake in 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 valued at $519,000 after purchasing an additional 6,308 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in 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 valued at $214,000 after purchasing an additional 5,398 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Hornbeck Offshore Services by 260.1% in the first quarter. Bank of New York Mellon Corp now owns 1,634,675 shares of the oil and gas company’s stock valued at $7,241,000 after purchasing an additional 1,180,699 shares in the last quarter. Comerica Bank increased its stake in Hornbeck Offshore Services by 1.7% in the first quarter. Comerica Bank now owns 34,874 shares of the oil and gas company’s stock valued at $123,000 after purchasing an additional 576 shares in the last quarter. Finally, Parametric Portfolio Associates LLC increased its stake in Hornbeck Offshore Services by 67.7% in the first quarter. Parametric Portfolio Associates LLC now owns 234,487 shares of the oil and gas company’s stock valued at $1,039,000 after purchasing an additional 94,690 shares in the last quarter. 86.67% of the stock is owned by hedge funds and other institutional investors.
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Hornbeck Offshore Services Company Profile
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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