Hornbeck Offshore Services (NYSE:HOS) Announces Earnings Results

Hornbeck Offshore Services (NYSE:HOS) announced its earnings results on Monday. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.59), RTT News reports. 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 previous year, the business earned $0.28 EPS.

Hornbeck Offshore Services Trading Up 4.5%

Shares of HOS stock traded up $0.23 during trading hours on Wednesday, hitting $5.46. 528,825 shares of the company were exchanged, compared to its average volume of 2,048,929. The company’s fifty day moving average price is $7.51. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.00 and a quick ratio of 3.47. Hornbeck Offshore Services has a 52-week low of $5.14 and a 52-week high of $11.13. The firm has a market cap of $803.97 million, a PE ratio of -19.39 and a beta of 1.31.

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 report on Monday.

About Hornbeck Offshore Services

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.