Hornbeck Offshore Services (HOS) Hits New 1-Year Low at $2.63

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Hornbeck Offshore Services, Inc. (NYSE:HOS) hit a new 52-week low during trading on Thursday . The company traded as low as $2.63 and last traded at $2.67, with a volume of 4172 shares trading hands. The stock had previously closed at $2.84.

A number of equities research analysts have recently commented on the stock. ValuEngine cut shares of Hornbeck Offshore Services from a “buy” rating to a “hold” rating in a report on Tuesday, September 4th. Zacks Investment Research raised shares of Hornbeck Offshore Services from a “sell” rating to a “hold” rating in a report on Wednesday, October 3rd.

The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.74. The firm has a market cap of $100.76 million, a P/E ratio of -1.08 and a beta of 1.91.

Hornbeck Offshore Services (NYSE:HOS) last posted its quarterly earnings results on Wednesday, October 31st. The oil and gas company reported ($0.78) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.70) by ($0.08). The firm had revenue of $58.47 million for the quarter, compared to analysts’ expectations of $61.23 million. Hornbeck Offshore Services had a negative return on equity of 7.90% and a negative net margin of 0.54%. Analysts predict that Hornbeck Offshore Services, Inc. will post -3.18 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Royal Bank of Canada raised its holdings in Hornbeck Offshore Services by 154.1% during the first quarter. Royal Bank of Canada now owns 48,550 shares of the oil and gas company’s stock worth $141,000 after purchasing an additional 29,440 shares in the last quarter. Renaissance Technologies LLC raised its holdings in Hornbeck Offshore Services by 100.4% during the second quarter. Renaissance Technologies LLC now owns 498,040 shares of the oil and gas company’s stock worth $1,972,000 after purchasing an additional 249,500 shares in the last quarter. Gagnon Securities LLC raised its holdings in Hornbeck Offshore Services by 94.6% during the second quarter. Gagnon Securities LLC now owns 31,469 shares of the oil and gas company’s stock worth $125,000 after purchasing an additional 15,294 shares in the last quarter. Northern Trust Corp raised its holdings in Hornbeck Offshore Services by 18.5% during the second quarter. Northern Trust Corp now owns 129,572 shares of the oil and gas company’s stock worth $513,000 after purchasing an additional 20,256 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in Hornbeck Offshore Services by 20.0% during the third quarter. Vanguard Group Inc. now owns 1,476,554 shares of the oil and gas company’s stock worth $8,682,000 after purchasing an additional 246,050 shares in the last quarter. 62.47% of the stock is owned by hedge funds and other institutional investors.

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About Hornbeck Offshore Services (NYSE:HOS)

Hornbeck Offshore Services, Inc, together with its subsidiaries, provides marine transportation, subsea installation, and accommodation support services to exploration and production, oilfield service, offshore construction, and the U.S. military customers. It operates offshore supply vessels (OSVs), multi-purpose support vessels (MPSVs), and a shore-based facility to provide logistics support and specialty services to the offshore oil and gas exploration and production industry, primarily in the U.S.

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