ValuEngine Lowers Hornbeck Offshore Services (HOS) to Strong Sell
Hornbeck Offshore Services (NYSE:HOS) was downgraded by equities research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued on Wednesday.
Other analysts have also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Hornbeck Offshore Services from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Piper Jaffray Companies restated a “hold” rating and set a $3.50 target price on shares of Hornbeck Offshore Services in a report on Thursday, August 3rd. Finally, Seaport Global Securities restated a “neutral” rating on shares of Hornbeck Offshore Services in a report on Monday, August 7th. One investment analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $4.00.
Shares of Hornbeck Offshore Services (NYSE HOS) opened at $3.94 on Wednesday. The company has a current ratio of 3.61, a quick ratio of 3.61 and a debt-to-equity ratio of 0.75. Hornbeck Offshore Services has a 52 week low of $1.51 and a 52 week high of $9.07.
Hornbeck Offshore Services (NYSE:HOS) last announced its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported ($0.51) EPS for the quarter, beating 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 firm had revenue of $53.70 million during the quarter, compared to analysts’ expectations of $41.25 million. During the same quarter last year, the business earned ($0.45) earnings per share. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. equities analysts forecast that Hornbeck Offshore Services will post -3 EPS for the current fiscal year.
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Several hedge funds and other institutional investors have recently modified their holdings of HOS. MML Investors Services LLC grew its holdings 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 worth $154,000 after buying an additional 8,000 shares in the last quarter. OppenheimerFunds Inc. grew its holdings in shares of Hornbeck Offshore Services by 128.6% during the first quarter. OppenheimerFunds Inc. now owns 50,441 shares of the oil and gas company’s stock worth $224,000 after buying an additional 28,373 shares in the last quarter. Brandes Investment Partners LP grew its holdings in shares of Hornbeck Offshore Services by 316.7% during the third quarter. Brandes Investment Partners LP now owns 66,503 shares of the oil and gas company’s stock worth $269,000 after buying an additional 50,545 shares in the last quarter. LMR Partners LLP purchased a new stake in shares of Hornbeck Offshore Services during the second quarter worth about $273,000. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Hornbeck Offshore Services by 86.3% during the second quarter. Goldman Sachs Group Inc. now owns 117,476 shares of the oil and gas company’s stock worth $332,000 after buying an additional 54,431 shares in the last quarter. Institutional investors and hedge funds own 86.38% of the company’s stock.
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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