News stories about Hornbeck Offshore Services (NYSE:HOS) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Hornbeck Offshore Services earned a news sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the oil and gas company an impact score of 45.4338430620307 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Hornbeck Offshore Services (NYSE:HOS) last announced its earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.82) EPS for the quarter, missing the 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 firm had revenue of $37.40 million during the quarter, compared to analyst estimates of $37.13 million. During the same quarter in the previous year, the business earned ($0.57) earnings per share. The business’s quarterly revenue was down 30.4% compared to the same quarter last year.
A number of analysts recently commented on the stock. Zacks Investment Research raised shares of Hornbeck Offshore Services from a “sell” rating to a “hold” rating in a report on Thursday, September 21st. ValuEngine raised shares of Hornbeck Offshore Services from a “strong sell” rating to a “sell” rating in a report on Friday, September 1st. Seaport Global Securities reaffirmed a “neutral” rating on shares of Hornbeck Offshore Services in a report on Monday, August 7th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and issued a $3.50 price target on shares of Hornbeck Offshore Services in a report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. The company presently has an average rating of “Hold” and an average target price of $3.50.
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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.
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