Hornbeck Offshore Services (NYSE:HOS) Hits New 1-Year Low Following Weak Earnings

Hornbeck Offshore Services, Inc. (NYSE:HOS – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Tuesday following a weaker than expected earnings announcement. The company traded as low as $5.15 and last traded at $5.2750, with a volume of 767,294 shares traded. The stock had previously closed at $5.38.

The company reported ($0.40) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.59). Hornbeck Offshore Services had a positive return on equity of 3.34% and a negative net margin of 5.58%. During the same quarter last year, the firm earned $0.28 EPS.

Wall Street Analyst Weigh In

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

Read Our Latest Research Report on Hornbeck Offshore Services

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Sterling Capital Management LLC purchased a new stake in Hornbeck Offshore Services in the 3rd quarter valued at about $25,000. GAMMA Investing LLC bought a new position in shares of Hornbeck Offshore Services in the third quarter valued at approximately $28,000. Versant Capital Management Inc bought a new position in shares of Hornbeck Offshore Services in the third quarter valued at approximately $37,000. State of Wyoming bought a new position in shares of Hornbeck Offshore Services in the third quarter valued at approximately $62,000. Finally, Worth Asset Management LLC purchased a new stake in shares of Hornbeck Offshore Services during the third quarter valued at approximately $82,000. Institutional investors own 91.33% of the company’s stock.

Hornbeck Offshore Services Stock Down 1.6%

The company has a debt-to-equity ratio of 0.19, a current ratio of 3.47 and a quick ratio of 3.47. The firm has a market capitalization of $780.52 million, a P/E ratio of -18.91 and a beta of 1.31. The firm’s 50-day moving average is $7.56.

Hornbeck Offshore Services Company Profile

(Get Free Report)

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.

Further Reading

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