Hornbeck Offshore Services (NYSE:HOS) – KeyCorp boosted their FY2016 earnings per share (EPS) estimates for Hornbeck Offshore Services in a research note issued on Sunday. KeyCorp analyst R. Shoemaker now anticipates that the firm will earn ($1.62) per share for the year, up from their prior forecast of ($1.85). KeyCorp also issued estimates for Hornbeck Offshore Services’ Q4 2016 earnings at ($0.39) EPS, FY2017 earnings at ($2.25) EPS and FY2018 earnings at ($1.55) EPS.

Hornbeck Offshore Services (NYSE:HOS) last released its earnings results on Wednesday, November 2nd. The company reported ($0.45) earnings per share for the quarter, topping the consensus estimate of ($0.60) by $0.15. The business had revenue of $51.90 million for the quarter, compared to the consensus estimate of $52.82 million. Hornbeck Offshore Services had a negative net margin of 17.43% and a negative return on equity of 3.28%. The firm’s quarterly revenue was down 55.4% compared to the same quarter last year. During the same period last year, the firm posted $0.21 earnings per share.

Earnings History and Estimates for Hornbeck Offshore Services (NYSE:HOS)

Several other research firms have also weighed in on HOS. Cowen and Company lowered their target price on shares of Hornbeck Offshore Services from $8.50 to $6.00 and set a “market perform” rating on the stock in a report on Thursday, October 6th. Zacks Investment Research downgraded shares of Hornbeck Offshore Services from a “hold” rating to a “sell” rating in a research report on Wednesday, July 20th. TheStreet downgraded shares of Hornbeck Offshore Services from a “hold” rating to a “sell” rating in a research report on Wednesday, August 3rd. Finally, Iberia Capital downgraded shares of Hornbeck Offshore Services from a “sector perform” rating to an “underperform” rating in a research report on Friday, August 5th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. Hornbeck Offshore Services presently has an average rating of “Hold” and a consensus target price of $9.79.

Hornbeck Offshore Services (NYSE:HOS) opened at 4.63 on Wednesday. The stock’s market capitalization is $168.24 million. Hornbeck Offshore Services has a 52-week low of $3.00 and a 52-week high of $13.29. The stock has a 50 day moving average of $5.11 and a 200 day moving average of $7.23.

Several hedge funds have recently made changes to their positions in the stock. Principal Financial Group Inc. increased its stake in shares of Hornbeck Offshore Services by 3.3% in the second quarter. Principal Financial Group Inc. now owns 226,918 shares of the company’s stock worth $1,892,000 after buying an additional 7,297 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of Hornbeck Offshore Services by 160.3% in the second quarter. Prudential Financial Inc. now owns 359,646 shares of the company’s stock worth $2,999,000 after buying an additional 221,480 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Hornbeck Offshore Services by 2.5% in the second quarter. Ameriprise Financial Inc. now owns 283,935 shares of the company’s stock worth $2,368,000 after buying an additional 6,936 shares in the last quarter. I.G. Investment Management LTD. increased its stake in shares of Hornbeck Offshore Services by 11.7% in the second quarter. I.G. Investment Management LTD. now owns 875,500 shares of the company’s stock worth $7,302,000 after buying an additional 91,900 shares in the last quarter. Finally, GSA Capital Partners LLP purchased a new stake in shares of Hornbeck Offshore Services during the second quarter worth $404,000.

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.

5 Day Chart for NYSE:HOS

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