Shares of Hornbeck Offshore Services, Inc. (NYSE:HOS) have earned an average rating of “Hold” from the six ratings firms that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $2.75.
A number of equities analysts have recently commented on HOS shares. ValuEngine lowered shares of Hornbeck Offshore Services from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 18th. Zacks Investment Research raised shares of Hornbeck Offshore Services from a “hold” rating to a “buy” rating and set a $4.50 price target on the stock in a report on Monday, November 6th. Finally, Credit Suisse Group lowered shares of Hornbeck Offshore Services from a “neutral” rating to an “underperform” rating and set a $2.00 price target on the stock. in a report on Friday, January 12th.
Large investors have recently modified their holdings of the company. California Public Employees Retirement System increased its holdings in shares of Hornbeck Offshore Services by 26.0% in the 3rd quarter. California Public Employees Retirement System now owns 632,673 shares of the oil and gas company’s stock worth $2,556,000 after buying an additional 130,373 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Hornbeck Offshore Services by 374.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 262,542 shares of the oil and gas company’s stock valued at $743,000 after purchasing an additional 207,212 shares during the last quarter. Balyasny Asset Management LLC bought a new position in shares of Hornbeck Offshore Services during the 2nd quarter valued at $568,000. Goldman Sachs Group Inc. grew its holdings in shares of Hornbeck Offshore Services by 86.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 117,476 shares of the oil and gas company’s stock valued at $332,000 after purchasing an additional 54,431 shares during the last quarter. Finally, Brookfield Asset Management Inc. bought a new position in shares of Hornbeck Offshore Services during the 2nd quarter valued at $991,000. 77.54% of the stock is currently owned by hedge funds and other institutional investors.
Hornbeck Offshore Services (HOS) opened at $3.15 on Tuesday. The company has a market cap of $127.82, a price-to-earnings ratio of -1.36 and a beta of 1.32. Hornbeck Offshore Services has a twelve month low of $1.51 and a twelve month high of $8.51. The company has a quick ratio of 3.61, a current ratio of 3.61 and a debt-to-equity ratio of 0.75.
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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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