Wall Street analysts predict that Hornbeck Offshore Services, Inc. (NYSE:HOS) will post sales of $50.37 million for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Hornbeck Offshore Services’ earnings, with the lowest sales estimate coming in at $49.20 million and the highest estimate coming in at $52.10 million. Hornbeck Offshore Services posted sales of $44.08 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 14.3%. The firm is scheduled to issue its next earnings results on Wednesday, May 2nd.
On average, analysts expect that Hornbeck Offshore Services will report full year sales of $50.37 million for the current year, with estimates ranging from $200.70 million to $240.20 million. For the next year, analysts forecast that the company will report sales of $274.27 million per share, with estimates ranging from $271.30 million to $278.60 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Hornbeck Offshore Services.
Hornbeck Offshore Services (NYSE:HOS) last issued its earnings results on Wednesday, February 7th. The oil and gas company reported ($0.44) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.73) by $0.29. The company had revenue of $56.20 million for the quarter, compared to analyst estimates of $40.65 million. Hornbeck Offshore Services had a net margin of 14.33% and a negative return on equity of 6.73%. The company’s revenue for the quarter was up 34.1% on a year-over-year basis. During the same quarter last year, the firm earned ($0.53) EPS.
Several brokerages have recently issued reports on HOS. ValuEngine raised shares of Hornbeck Offshore Services from a “strong sell” rating to a “sell” rating in a research note on Thursday, November 9th. Zacks Investment Research lowered shares of Hornbeck Offshore Services from a “hold” rating to a “sell” rating in a research note on Tuesday, February 13th. Finally, Credit Suisse Group lowered shares of Hornbeck Offshore Services from a “neutral” rating to an “underperform” rating and set a $2.00 price objective on the stock. in a research note on Friday, January 12th. Three equities research analysts have rated the stock with a sell rating and two have given a hold rating to the company’s stock. The stock presently has a consensus rating of “Sell” and an average target price of $3.33.
A number of institutional investors have recently added to or reduced their stakes in the stock. California Public Employees Retirement System boosted its stake in Hornbeck Offshore Services by 3.8% during the 4th quarter. California Public Employees Retirement System now owns 656,630 shares of the oil and gas company’s stock worth $2,042,000 after acquiring an additional 23,957 shares during the last quarter. KBC Group NV boosted its stake in Hornbeck Offshore Services by 20.9% during the 3rd quarter. KBC Group NV now owns 208,249 shares of the oil and gas company’s stock worth $841,000 after acquiring an additional 35,934 shares during the last quarter. Monashee Investment Management LLC bought a new position in Hornbeck Offshore Services during the 4th quarter worth approximately $115,000. Renaissance Technologies LLC bought a new position in Hornbeck Offshore Services during the 4th quarter worth approximately $151,000. Finally, Brandes Investment Partners LP boosted its stake in Hornbeck Offshore Services by 316.7% during the 3rd quarter. Brandes Investment Partners LP now owns 66,503 shares of the oil and gas company’s stock worth $269,000 after acquiring an additional 50,545 shares during the last quarter. 75.03% of the stock is currently owned by institutional investors and hedge funds.
Hornbeck Offshore Services (HOS) opened at $3.73 on Tuesday. The stock has a market cap of $138.20, a PE ratio of 5.57 and a beta of 1.31. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.61 and a quick ratio of 3.61. Hornbeck Offshore Services has a one year low of $1.51 and a one year high of $5.09.
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About Hornbeck Offshore Services
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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