Somewhat Favorable News Coverage Somewhat Unlikely to Affect Hornbeck Offshore Services (HOS) Stock Price
News headlines about Hornbeck Offshore Services (NYSE:HOS) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Hornbeck Offshore Services earned a daily sentiment score of 0.24 on Accern’s scale. Accern also gave news headlines about the oil and gas company an impact score of 45.8735774421985 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
These are some of the news headlines that may have effected Accern’s scoring:
- Reviewing Star Bulk Carriers Corp. (SBLK) and Hornbeck Offshore Services (HOS) (americanbankingnews.com)
- Plan to use Louisiana ‘flotels’ to house Texas flood victims dropped (theadvocate.com)
- Hornbeck Offshore Services (NYSE:HOS) Closed 18.3% Above Its 50 Day Average – First News 24 (firstnewspaper24.com)
- Hornbeck Offshore Services (HOS) Receives Consensus Recommendation of “Hold” from Analysts (americanbankingnews.com)
A number of analysts have recently commented on HOS shares. Zacks Investment Research cut shares of Hornbeck Offshore Services from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. ValuEngine raised shares of Hornbeck Offshore Services from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. Seaport Global Securities cut shares of Hornbeck Offshore Services from a “buy” rating to a “neutral” rating in a research note on Friday, June 2nd. Finally, Piper Jaffray Companies reissued a “hold” rating and set a $3.50 target price on shares of Hornbeck Offshore Services in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the stock. The company has an average rating of “Hold” and an average target price of $4.75.
Hornbeck Offshore Services (NYSE:HOS) traded up 3.77% during trading on Tuesday, reaching $3.85. 312,022 shares of the company were exchanged. The firm’s market capitalization is $142.56 million. Hornbeck Offshore Services has a 12 month low of $1.51 and a 12 month high of $9.07. The stock has a 50 day moving average price of $2.75 and a 200 day moving average price of $2.93.
Hornbeck Offshore Services (NYSE:HOS) last announced its quarterly earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.82) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.79) by ($0.03). The company had revenue of $37.40 million during the quarter, compared to analysts’ expectations of $37.13 million. Hornbeck Offshore Services had a negative net margin of 47.42% and a negative return on equity of 6.72%. The business’s revenue for the quarter was down 30.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.57) EPS. On average, analysts expect that Hornbeck Offshore Services will post ($2.98) EPS for the current fiscal year.
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About Hornbeck Offshore Services
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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