An issue of Hornbeck Offshore Services, Inc. (NYSE:HOS) bonds fell 1.4% against their face value during trading on Thursday. The high-yield issue of debt has a 5% coupon and will mature on March 1, 2021. The bonds in the issue are now trading at $74.63 and were trading at $74.25 one week ago. Price moves in a company’s bonds in credit markets sometimes anticipate parallel moves in its share price.

A number of research analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Hornbeck Offshore Services from a “sell” rating to a “hold” rating in a research report on Wednesday, October 3rd. ValuEngine upgraded shares of Hornbeck Offshore Services from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, October 2nd. Finally, Clarkson Capital upgraded shares of Hornbeck Offshore Services from a “neutral” rating to a “buy” rating in a research report on Friday, June 22nd.

Shares of NYSE:HOS traded up $0.12 during mid-day trading on Friday, reaching $4.85. The stock had a trading volume of 133,920 shares, compared to its average volume of 246,554. The company has a market capitalization of $221.06 million, a price-to-earnings ratio of -1.95 and a beta of 1.28. The company has a debt-to-equity ratio of 0.79, a current ratio of 3.00 and a quick ratio of 3.00. Hornbeck Offshore Services, Inc. has a twelve month low of $2.68 and a twelve month high of $6.14.

Hornbeck Offshore Services (NYSE:HOS) last announced its quarterly earnings results on Wednesday, August 1st. The oil and gas company reported ($0.67) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.73) by $0.06. The business had revenue of $58.43 million for the quarter, compared to the consensus estimate of $56.50 million. Hornbeck Offshore Services had a net margin of 5.27% and a negative return on equity of 7.13%. Equities research analysts expect that Hornbeck Offshore Services, Inc. will post -3.12 earnings per share for the current year.

Several large investors have recently made changes to their positions in HOS. Gagnon Securities LLC raised its holdings in Hornbeck Offshore Services by 94.6% during the 2nd quarter. Gagnon Securities LLC now owns 31,469 shares of the oil and gas company’s stock worth $125,000 after buying an additional 15,294 shares during the period. Royal Bank of Canada raised its holdings in Hornbeck Offshore Services by 154.1% during the 1st quarter. Royal Bank of Canada now owns 48,550 shares of the oil and gas company’s stock worth $141,000 after buying an additional 29,440 shares during the period. Sheets Smith Wealth Management acquired a new stake in Hornbeck Offshore Services during the 2nd quarter worth approximately $220,000. Northern Trust Corp raised its holdings in Hornbeck Offshore Services by 18.5% during the 2nd quarter. Northern Trust Corp now owns 129,572 shares of the oil and gas company’s stock worth $513,000 after buying an additional 20,256 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in Hornbeck Offshore Services by 722.0% during the 1st quarter. JPMorgan Chase & Co. now owns 201,713 shares of the oil and gas company’s stock worth $587,000 after buying an additional 177,174 shares during the period. Institutional investors and hedge funds own 60.73% of the company’s stock.

About Hornbeck Offshore Services (NYSE:HOS)

Hornbeck Offshore Services, Inc, together with its subsidiaries, provides marine transportation, subsea installation, and accommodation support services to exploration and production, oilfield service, offshore construction, and the U.S. military customers. It operates offshore supply vessels (OSVs), multi-purpose support vessels (MPSVs), and a shore-based facility to provide logistics support and specialty services to the offshore oil and gas exploration and production industry, primarily in the U.S.

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