Wall Street brokerages forecast that Hornbeck Offshore Services, Inc. (NYSE:HOS) will report earnings per share (EPS) of ($0.73) for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Hornbeck Offshore Services’ earnings, with the lowest EPS estimate coming in at ($0.76) and the highest estimate coming in at ($0.69). Hornbeck Offshore Services reported earnings of ($0.76) per share during the same quarter last year, which would suggest a positive year over year growth rate of 3.9%. The firm is scheduled to issue its next earnings report 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 financial year, with EPS estimates ranging from ($2.85) to ($2.49). For the next financial year, analysts expect that the business 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 an average based on a survey of sell-side research analysts that that provide coverage for Hornbeck Offshore Services.
Hornbeck Offshore Services (NYSE:HOS) last released its earnings results on Wednesday, February 7th. The oil and gas company reported ($0.44) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.73) by $0.29. Hornbeck Offshore Services had a negative return on equity of 6.73% and a net margin of 14.33%. The firm had revenue of $56.20 million during the quarter, compared to analysts’ expectations of $40.65 million. During the same period in the previous year, the firm posted ($0.53) EPS. Hornbeck Offshore Services’s revenue for the quarter was up 34.1% on a year-over-year basis.
Several research firms recently commented on HOS. Zacks Investment Research cut Hornbeck Offshore Services from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. Credit Suisse Group cut Hornbeck Offshore Services from a “neutral” rating to an “underperform” rating and set a $2.00 target price for the company. in a research note on Friday, January 12th. Finally, ValuEngine raised Hornbeck Offshore Services from a “sell” rating to a “hold” rating in a research note on Thursday, March 1st. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $3.33.
Hornbeck Offshore Services (NYSE HOS) traded up $0.04 on Wednesday, reaching $3.38. The company had a trading volume of 158,250 shares, compared to its average volume of 247,233. Hornbeck Offshore Services has a 1 year low of $1.51 and a 1 year high of $4.87. The firm has a market cap of $124.07, a PE ratio of 4.97 and a beta of 1.27. The company has a debt-to-equity ratio of 0.75, a current ratio of 5.08 and a quick ratio of 3.61.
A number of hedge funds and other institutional investors have recently made changes to their positions in HOS. California Public Employees Retirement System lifted its holdings in Hornbeck Offshore Services by 41.3% during the 2nd quarter. California Public Employees Retirement System now owns 502,300 shares of the oil and gas company’s stock worth $1,422,000 after buying an additional 146,900 shares during the last quarter. MML Investors Services LLC lifted its holdings in Hornbeck Offshore Services by 117.3% during the 4th quarter. MML Investors Services LLC now owns 138,224 shares of the oil and gas company’s stock worth $430,000 after buying an additional 74,603 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in Hornbeck Offshore Services by 86.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 117,476 shares of the oil and gas company’s stock worth $332,000 after buying an additional 54,431 shares during the last quarter. Brandes Investment Partners LP lifted its holdings 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 buying an additional 50,545 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new stake in Hornbeck Offshore Services during the 4th quarter worth about $151,000. 66.10% of the stock is owned by institutional investors.
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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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