Hornbeck Offshore Services (HOS) Raised to Sell at ValuEngine
ValuEngine upgraded shares of Hornbeck Offshore Services (NYSE:HOS) from a strong sell rating to a sell rating in a research note published on Thursday.
HOS has been the subject of a number of other research reports. Zacks Investment Research upgraded Hornbeck Offshore Services from a hold rating to a buy rating and set a $4.50 price objective for the company in a report on Monday, November 6th. Seaport Global Securities restated a neutral rating on shares of Hornbeck Offshore Services in a report on Monday, August 7th. Finally, Piper Jaffray Companies restated a hold rating and set a $3.50 price objective on shares of Hornbeck Offshore Services in a report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of $4.00.
Hornbeck Offshore Services (NYSE HOS) traded down $0.38 on Thursday, reaching $4.32. The company had a trading volume of 385,700 shares, compared to its average volume of 513,003. Hornbeck Offshore Services has a one year low of $1.51 and a one year high of $9.07. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.61 and a quick ratio of 3.57.
Hornbeck Offshore Services (NYSE:HOS) last posted its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported ($0.51) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.73) by $0.22. Hornbeck Offshore Services had a negative return on equity of 7.00% and a negative net margin of 48.34%. The company had revenue of $53.70 million during the quarter, compared to analysts’ expectations of $41.25 million. During the same quarter in the previous year, the business earned ($0.45) EPS. Hornbeck Offshore Services’s revenue was up 3.5% compared to the same quarter last year. research analysts forecast that Hornbeck Offshore Services will post -3 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the business. OppenheimerFunds Inc. raised its position in Hornbeck Offshore Services by 128.6% during the 1st quarter. OppenheimerFunds Inc. now owns 50,441 shares of the oil and gas company’s stock valued at $224,000 after purchasing an additional 28,373 shares in the last quarter. MML Investors Services LLC raised its position in Hornbeck Offshore Services by 17.3% during the 2nd quarter. MML Investors Services LLC now owns 54,300 shares of the oil and gas company’s stock valued at $154,000 after purchasing an additional 8,000 shares in the last quarter. LMR Partners LLP bought a new stake in Hornbeck Offshore Services during the 2nd quarter valued at $273,000. Goldman Sachs Group Inc. raised its position in Hornbeck Offshore Services by 86.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 117,476 shares of the oil and gas company’s stock valued at $332,000 after purchasing an additional 54,431 shares in the last quarter. Finally, KBC Group NV raised its position in Hornbeck Offshore Services by 67.6% during the 2nd quarter. KBC Group NV now owns 172,315 shares of the oil and gas company’s stock valued at $488,000 after purchasing an additional 69,514 shares in the last quarter. 86.61% of the stock is owned by institutional investors and hedge funds.
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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