Hornbeck Offshore Services (HOS) Downgraded by ValuEngine

ValuEngine lowered shares of Hornbeck Offshore Services (NYSE:HOS) from a sell rating to a strong sell rating in a report released on Sunday.

Separately, Zacks Investment Research upgraded shares of Hornbeck Offshore Services from a sell rating to a hold rating in a research report on Monday, September 11th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $4.00.

Hornbeck Offshore Services (NYSE:HOS) traded down $0.05 during mid-day trading on Friday, hitting $3.06. 372,500 shares of the company traded hands, compared to its average volume of 316,000. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.61 and a current ratio of 3.61. The company has a market capitalization of $120.04, a PE ratio of -1.31 and a beta of 1.29. Hornbeck Offshore Services has a one year low of $1.51 and a one year high of $8.52.

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 for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.73) by $0.22. Hornbeck Offshore Services had a negative net margin of 48.34% and a negative return on equity of 7.00%. The company had revenue of $53.70 million for the quarter, compared to analysts’ expectations of $41.25 million. During the same period in the prior year, the business earned ($0.45) earnings per share. Hornbeck Offshore Services’s revenue for the quarter was up 3.5% compared to the same quarter last year. equities analysts anticipate that Hornbeck Offshore Services will post -2.92 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently modified their holdings of HOS. Vanguard Group Inc. grew its position in Hornbeck Offshore Services by 3.6% during the first quarter. Vanguard Group Inc. now owns 1,817,179 shares of the oil and gas company’s stock valued at $8,050,000 after acquiring an additional 62,489 shares during the last quarter. Geode Capital Management LLC grew its position in Hornbeck Offshore Services by 3.7% during the first quarter. Geode Capital Management LLC now owns 225,599 shares of the oil and gas company’s stock valued at $999,000 after acquiring an additional 8,051 shares during the last quarter. KBC Group NV boosted its stake in shares of Hornbeck Offshore Services by 67.6% during the second 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 during the period. JPMorgan Chase & Co. boosted its stake in shares of Hornbeck Offshore Services by 374.5% during the second quarter. JPMorgan Chase & Co. now owns 262,542 shares of the oil and gas company’s stock valued at $743,000 after purchasing an additional 207,212 shares during the period. Finally, MML Investors Services LLC boosted its stake in shares of Hornbeck Offshore Services by 17.3% during the second 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 during the period. 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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