Equities analysts forecast that Hornbeck Offshore Services (NYSE:HOS) will announce earnings per share (EPS) of ($0.81) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Hornbeck Offshore Services’ earnings, with estimates ranging from ($0.83) to ($0.78). Hornbeck Offshore Services reported earnings of ($0.57) per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 42.1%. The firm is scheduled to announce its next earnings report after the market closes on Wednesday, August 2nd.

According to Zacks, analysts expect that Hornbeck Offshore Services will report full year earnings of ($3.09) per share for the current year, with EPS estimates ranging from ($3.27) to ($2.89). For the next year, analysts forecast that the firm will report earnings of ($2.42) per share, with EPS estimates ranging from ($2.74) to ($1.93). Zacks’ earnings per share averages are a mean average based on a survey of analysts that cover Hornbeck Offshore Services.

Several research firms have weighed in on HOS. Zacks Investment Research upgraded Hornbeck Offshore Services from a “sell” rating to a “hold” rating in a research note on Wednesday, March 15th. Seaport Global Securities cut Hornbeck Offshore Services from a “buy” rating to a “neutral” rating in a research note on Friday, June 2nd. Finally, ValuEngine cut Hornbeck Offshore Services from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd. Four investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company’s stock. The company presently has an average rating of “Sell” and a consensus target price of $6.00.

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Hedge funds and other institutional investors have recently made changes to their positions in the company. California Public Employees Retirement System increased its position in shares of Hornbeck Offshore Services by 14.1% in the first quarter. California Public Employees Retirement System now owns 355,400 shares of the oil and gas company’s stock valued at $1,574,000 after buying an additional 44,000 shares during the period. Principal Financial Group Inc. increased its position in shares of Hornbeck Offshore Services by 3.9% in the first quarter. Principal Financial Group Inc. now owns 246,688 shares of the oil and gas company’s stock valued at $1,093,000 after buying an additional 9,280 shares during the period. OppenheimerFunds Inc. increased its position in shares of Hornbeck Offshore Services by 128.6% in the first quarter. OppenheimerFunds Inc. now owns 50,441 shares of the oil and gas company’s stock valued at $224,000 after buying an additional 28,373 shares during the period. Schroder Investment Management Group increased its position in shares of Hornbeck Offshore Services by 445.7% in the first quarter. Schroder Investment Management Group now owns 73,121 shares of the oil and gas company’s stock valued at $318,000 after buying an additional 59,721 shares during the period. Finally, State of Tennessee Treasury Department increased its position in shares of Hornbeck Offshore Services by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 30,395 shares of the oil and gas company’s stock valued at $135,000 after buying an additional 4,587 shares during the period. Institutional investors own 97.45% of the company’s stock.

Hornbeck Offshore Services (NYSE HOS) traded up 2.8531% during midday trading on Wednesday, hitting $2.5199. The stock had a trading volume of 310,753 shares. The company has a 50-day moving average of $2.29 and a 200-day moving average of $4.60. The stock’s market cap is $92.65 million. Hornbeck Offshore Services has a 1-year low of $1.51 and a 1-year high of $9.62.

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

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