Wall Street Zen lowered shares of Hornbeck Offshore Services (NYSE:HOS – Free Report) from a buy rating to a hold rating in a research note issued to investors on Monday,Wall Street Zen reports.
Hornbeck Offshore Services Stock Up 6.8%
Shares of HOS stock opened at $5.58 on Monday. The stock has a market capitalization of $821.64 million, a price-to-earnings ratio of 17.40 and a beta of 1.31. The business has a fifty day simple moving average of $7.47. Hornbeck Offshore Services has a 52 week low of $5.14 and a 52 week high of $11.13. 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 – Get Free Report) last issued its quarterly earnings data on Monday, November 9th. 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 negative net margin of 5.58% and a positive return on equity of 3.12%. During the same quarter in the previous year, the company earned $0.28 EPS. Equities research analysts anticipate that Hornbeck Offshore Services will post 0.28 earnings per share for the current year.
Hedge Funds Weigh In On Hornbeck Offshore Services
Institutional investors have recently bought and sold shares of the stock. Assenagon Asset Management S.A. bought a new stake in Hornbeck Offshore Services during the 3rd quarter valued at approximately $15,012,000. Valueworks LLC purchased a new position in shares of Hornbeck Offshore Services during the 3rd quarter worth approximately $28,572,000. Royce & Associates LP purchased a new position in shares of Hornbeck Offshore Services during the 3rd quarter worth approximately $3,703,000. Public Sector Pension Investment Board purchased a new position in shares of Hornbeck Offshore Services during the 3rd quarter worth approximately $3,415,000. Finally, Cibc World Market Inc. bought a new position in shares of Hornbeck Offshore Services in the 3rd quarter worth approximately $107,000. 91.33% of the stock is owned by institutional investors.
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.
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