Hornbeck Offshore Services (NYSE:HOS) CEO Buys 189,570 Shares of Stock

Hornbeck Offshore Services, Inc. (NYSE:HOS) CEO Todd Hornbeck bought 189,570 shares of the business’s stock in a transaction on Tuesday, November 10th. The stock was bought at an average cost of $5.28 per share, for a total transaction of $1,000,929.60. Following the purchase, the chief executive officer directly owned 5,859,218 shares of the company’s stock, valued at approximately $30,936,671.04. This trade represents a 3.34% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Hornbeck Offshore Services Trading Up 6.8%

Hornbeck Offshore Services stock opened at $5.58 on Thursday. The firm has a market cap of $821.64 million, a price-to-earnings ratio of 17.40 and a beta of 1.31. Hornbeck Offshore Services, Inc. has a 1 year low of $5.14 and a 1 year high of $11.13. The stock’s 50-day moving average is $7.47. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.00 and a quick ratio of 3.47.

Hornbeck Offshore Services (NYSE:HOS) last announced its quarterly earnings results on Monday, November 9th. The company reported ($0.40) EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.59). Hornbeck Offshore Services had a negative net margin of 5.58% and a positive return on equity of 3.12%. During the same period in the prior year, the firm earned $0.28 earnings per share. Research analysts anticipate that Hornbeck Offshore Services, Inc. will post 0.28 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HOS. Sterling Capital Management LLC bought a new stake in shares of Hornbeck Offshore Services in the third quarter worth about $25,000. Group One Trading LLC acquired a new stake in shares of Hornbeck Offshore Services during the third quarter worth about $27,000. GAMMA Investing LLC acquired a new stake in shares of Hornbeck Offshore Services during the third quarter worth about $28,000. Versant Capital Management Inc bought a new position in shares of Hornbeck Offshore Services during the 3rd quarter valued at about $37,000. Finally, State of Wyoming bought a new position in shares of Hornbeck Offshore Services during the 3rd quarter valued at about $62,000. 91.33% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of Hornbeck Offshore Services from a “buy” rating to a “hold” rating in a research note on Monday.

Hornbeck Offshore Services Company Profile

Hornbeck Offshore Services provides marine transportation and support services for the offshore oil and gas industry. Its fleet includes offshore supply vessels and multi-purpose support vessels that carry equipment and supplies, assist with construction and subsea work, and support exploration, development and production activities. Founded in 1997, the company has focused on serving deepwater and other demanding offshore operations. Its vessels and services support customers in the U.S. Gulf of Mexico and select international markets.