Wall Street Zen upgraded shares of Hornbeck Offshore Services (NYSE:HOS – Free Report) from a hold rating to a buy rating in a research report report published on Saturday morning,Wall Street Zen reports.
Hornbeck Offshore Services Price Performance
HOS opened at $7.08 on Friday. Hornbeck Offshore Services has a fifty-two week low of $6.11 and a fifty-two week high of $11.13. The company has a market cap of $1.04 billion, a P/E ratio of 26.23 and a beta of 1.23. The company has a quick ratio of 3.47, a current ratio of 3.47 and a debt-to-equity ratio of 0.19.
Hornbeck Offshore Services (NYSE:HOS – Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.15 earnings per share (EPS) for the quarter. The firm had revenue of $304.02 million for the quarter. Hornbeck Offshore Services had a net margin of 3.04% and a return on equity of 2.95%. Analysts forecast that Hornbeck Offshore Services will post 0.28 EPS for the current year.
Institutional Investors Weigh In On Hornbeck Offshore Services
Institutional investors have recently made changes to their positions in the stock. Assenagon Asset Management S.A. acquired a new position in Hornbeck Offshore Services in the third quarter valued at about $15,012,000. Nisa Investment Advisors LLC bought a new position in Hornbeck Offshore Services during the third quarter worth about $542,000. Yousif Capital Management LLC acquired a new position in shares of Hornbeck Offshore Services during the 3rd quarter worth about $269,000. State of Alaska Department of Revenue acquired a new position in shares of Hornbeck Offshore Services during the 3rd quarter worth about $212,000. Finally, Steinberganna Wealth Management acquired a new position in shares of Hornbeck Offshore Services during the 3rd quarter worth about $189,000. 91.33% of the stock is owned by institutional investors and hedge funds.
About Hornbeck Offshore Services
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