Hornbeck Offshore Services, Inc. (NYSE:HOS) has earned an average rating of “Hold” from the six analysts that are presently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a sell recommendation and three have assigned a hold recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $3.50.

Several analysts recently issued reports on HOS shares. ValuEngine downgraded Hornbeck Offshore Services from a “sell” rating to a “strong sell” rating in a research note on Wednesday, November 15th. Zacks Investment Research raised Hornbeck Offshore Services from a “hold” rating to a “buy” rating and set a $4.50 target price on the stock in a research note on Monday, November 6th. Finally, Credit Suisse Group downgraded Hornbeck Offshore Services from a “neutral” rating to an “underperform” rating in a research note on Friday.

Shares of Hornbeck Offshore Services (NYSE:HOS) traded up $0.07 on Friday, reaching $3.95. The company had a trading volume of 293,700 shares, compared to its average volume of 605,487. The company has a market cap of $146.35, a P/E ratio of -1.70 and a beta of 1.29. Hornbeck Offshore Services has a 52 week low of $1.51 and a 52 week high of $8.52. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.61 and a quick ratio of 3.61.

Hornbeck Offshore Services (NYSE:HOS) last issued its earnings results on Wednesday, November 1st. The oil and gas company reported ($0.51) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.73) by $0.22. The company had revenue of $53.70 million for the quarter, compared to the consensus estimate of $41.25 million. Hornbeck Offshore Services had a negative return on equity of 7.00% and a negative net margin of 48.34%. The firm’s quarterly revenue was up 3.5% on a year-over-year basis. During the same quarter last year, the company earned ($0.45) EPS. equities research analysts predict that Hornbeck Offshore Services will post -2.92 EPS for the current year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HOS. JPMorgan Chase & Co. grew its holdings in Hornbeck Offshore Services by 374.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 262,542 shares of the oil and gas company’s stock valued at $743,000 after buying an additional 207,212 shares in the last quarter. MML Investors Services LLC grew its holdings 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 buying an additional 8,000 shares in the last quarter. California Public Employees Retirement System grew its holdings in Hornbeck Offshore Services by 41.3% during the 2nd quarter. California Public Employees Retirement System now owns 502,300 shares of the oil and gas company’s stock valued at $1,422,000 after buying an additional 146,900 shares in the last quarter. Balyasny Asset Management LLC purchased a new position in Hornbeck Offshore Services during the 2nd quarter valued at approximately $568,000. Finally, Goldman Sachs Group Inc. grew its holdings 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 buying an additional 54,431 shares in the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.

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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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