Hornbeck Offshore Services (HOS) Raised to Sell at ValuEngine

Hornbeck Offshore Services (NYSE:HOS) was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued to investors on Friday, September 1st.

Several other analysts have also commented on the stock. Zacks Investment Research lowered shares of Hornbeck Offshore Services from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Seaport Global Securities lowered shares of Hornbeck Offshore Services from a “buy” rating to a “neutral” rating in a research report on Friday, June 2nd. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $3.50 price target on shares of Hornbeck Offshore Services in a research report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $4.75.

Hornbeck Offshore Services (NYSE:HOS) opened at 3.51 on Friday. The company’s market cap is $129.97 million. Hornbeck Offshore Services has a 52 week low of $1.51 and a 52 week high of $9.07. The firm has a 50-day moving average price of $2.72 and a 200-day moving average price of $2.96.

Hornbeck Offshore Services (NYSE:HOS) last released its earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.82) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.79) by ($0.03). Hornbeck Offshore Services had a negative return on equity of 6.72% and a negative net margin of 47.42%. The business had revenue of $37.40 million during the quarter, compared to analysts’ expectations of $37.13 million. During the same period last year, the business earned ($0.57) earnings per share. The company’s revenue for the quarter was down 30.4% compared to the same quarter last year. Equities research analysts anticipate that Hornbeck Offshore Services will post ($2.98) EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This story was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are accessing this story on another domain, it was illegally stolen and republished in violation of international trademark & copyright legislation. The original version of this story can be viewed at https://ledgergazette.com/2017/09/17/hornbeck-offshore-services-hos-upgraded-to-sell-by-valuengine.html.

Large investors have recently bought and sold shares of the business. Parametric Portfolio Associates LLC grew its stake in shares of Hornbeck Offshore Services by 67.7% in the first quarter. Parametric Portfolio Associates LLC now owns 234,487 shares of the oil and gas company’s stock worth $1,039,000 after acquiring an additional 94,690 shares in the last quarter. OppenheimerFunds Inc. grew its stake in shares of Hornbeck Offshore Services by 128.6% in the first quarter. OppenheimerFunds Inc. now owns 50,441 shares of the oil and gas company’s stock worth $224,000 after acquiring an additional 28,373 shares in the last quarter. Great West Life Assurance Co. Can grew its stake in shares of Hornbeck Offshore Services by 12.6% in the first quarter. Great West Life Assurance Co. Can now owns 48,276 shares of the oil and gas company’s stock worth $214,000 after acquiring an additional 5,398 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Hornbeck Offshore Services by 3.6% in the first quarter. Vanguard Group Inc. now owns 1,817,179 shares of the oil and gas company’s stock worth $8,050,000 after acquiring an additional 62,489 shares in the last quarter. Finally, Teachers Advisors LLC grew its stake in shares of Hornbeck Offshore Services by 9.6% in the fourth quarter. Teachers Advisors LLC now owns 71,850 shares of the oil and gas company’s stock worth $519,000 after acquiring an additional 6,308 shares in the last quarter. Institutional investors and hedge funds own 86.67% of the company’s stock.

Hornbeck Offshore Services Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Hornbeck Offshore Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hornbeck Offshore Services and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply