Hornbeck Offshore Services (HOS) Announces Quarterly Earnings Results
Hornbeck Offshore Services (NYSE:HOS) posted its quarterly earnings data on Wednesday. The oil and gas company reported ($0.44) EPS for the quarter, topping the consensus estimate of ($0.73) by $0.29, Briefing.com reports. The company had revenue of $56.20 million during the quarter, compared to analyst estimates of $40.65 million. Hornbeck Offshore Services had a negative net margin of 48.34% and a negative return on equity of 7.00%. Hornbeck Offshore Services’s quarterly revenue was up 34.1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.53) earnings per share.
Shares of Hornbeck Offshore Services (NYSE HOS) traded up $0.16 on Thursday, hitting $3.36. 152,505 shares of the stock were exchanged, compared to its average volume of 349,285. The stock has a market capitalization of $124.86, a price-to-earnings ratio of -1.45 and a beta of 1.32. Hornbeck Offshore Services has a 1 year low of $1.51 and a 1 year high of $7.09. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.61 and a quick ratio of 3.61.
Several research analysts have commented on HOS shares. ValuEngine lowered shares of Hornbeck Offshore Services from a “sell” rating to a “strong sell” rating in a research note on Wednesday, November 15th. Zacks Investment Research raised shares of Hornbeck Offshore Services from a “sell” rating to a “hold” rating in a research note on Thursday, February 1st. Finally, Credit Suisse Group lowered shares of Hornbeck Offshore Services from a “neutral” rating to an “underperform” rating and set a $2.00 target price for the company. in a research note on Friday, January 12th. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $3.33.
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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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