Wall Street analysts expect Hornbeck Offshore Services, Inc. (NYSE:HOS) to post earnings of ($0.73) per share for the current quarter, according to Zacks. Three analysts have made estimates for Hornbeck Offshore Services’ earnings, with estimates ranging from ($0.76) to ($0.69). Hornbeck Offshore Services posted earnings per share of ($0.76) in the same quarter last year, which suggests a positive year-over-year growth rate of 3.9%. The firm is scheduled to report its next quarterly earnings results on Wednesday, May 2nd.
According to Zacks, analysts expect that Hornbeck Offshore Services will report full year earnings of ($2.65) per share for the current year, with EPS estimates ranging from ($2.85) to ($2.49). For the next financial year, analysts expect that the firm will report earnings of ($2.26) per share, with EPS estimates ranging from ($2.31) to ($2.21). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Hornbeck Offshore Services.
Hornbeck Offshore Services (NYSE:HOS) last issued its quarterly earnings results on Wednesday, February 7th. The oil and gas company reported ($0.44) earnings per share (EPS) for the quarter, topping the Zacks’ 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 business’s revenue for the quarter was up 34.1% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.53) earnings per share.
HOS has been the topic of a number of recent research reports. 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. ValuEngine lowered shares of Hornbeck Offshore Services from a “sell” rating to a “strong sell” rating in a research note on Wednesday, November 15th. Finally, Credit Suisse Group lowered shares of Hornbeck Offshore Services from a “neutral” rating to an “underperform” rating and set a $2.00 price target on the stock. in a research note on Friday, January 12th. Three analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. The company currently has a consensus rating of “Sell” and an average target price of $3.33.
Shares of Hornbeck Offshore Services (HOS) traded down $0.10 during trading hours on Friday, reaching $3.81. 72,943 shares of the company’s stock were exchanged, compared to its average volume of 334,663. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.61 and a current ratio of 3.61. Hornbeck Offshore Services has a one year low of $1.51 and a one year high of $5.09.
Several hedge funds have recently added to or reduced their stakes in HOS. JPMorgan Chase & Co. increased its stake in shares of Hornbeck Offshore Services by 374.5% during the second quarter. JPMorgan Chase & Co. now owns 262,542 shares of the oil and gas company’s stock worth $743,000 after buying an additional 207,212 shares during the period. California Public Employees Retirement System increased its stake in Hornbeck Offshore Services by 41.3% in the second quarter. California Public Employees Retirement System now owns 502,300 shares of the oil and gas company’s stock valued at $1,422,000 after purchasing an additional 146,900 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Hornbeck Offshore Services by 86.3% in the second quarter. Goldman Sachs Group Inc. now owns 117,476 shares of the oil and gas company’s stock valued at $332,000 after purchasing an additional 54,431 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Hornbeck Offshore Services in the second quarter valued at approximately $1,957,000. Finally, Brookfield Asset Management Inc. purchased a new position in Hornbeck Offshore Services in the second quarter valued at approximately $991,000. Hedge funds and other institutional investors own 75.03% of the company’s stock.
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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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