Hornbeck Offshore Services (NYSE:HOS) Director Larry D. Hornbeck acquired 6,013 shares of Hornbeck Offshore Services stock in a transaction dated Monday, April 2nd. The stock was purchased at an average cost of $3.01 per share, with a total value of $18,099.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
HOS opened at $3.09 on Friday. Hornbeck Offshore Services has a fifty-two week low of $1.51 and a fifty-two week high of $4.87. The company has a current ratio of 5.08, a quick ratio of 5.08 and a debt-to-equity ratio of 0.75.
Hornbeck Offshore Services (NYSE:HOS) last posted its earnings results on Wednesday, February 7th. The oil and gas company reported ($0.44) earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.73) by $0.29. The company had revenue of $56.20 million during the quarter, compared to analysts’ expectations of $40.65 million. Hornbeck Offshore Services had a net margin of 14.33% and a negative return on equity of 6.73%. Hornbeck Offshore Services’s quarterly revenue was up 34.1% on a year-over-year basis. During the same period last year, the company posted ($0.53) earnings per share. equities analysts forecast that Hornbeck Offshore Services will post -2.65 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. California Public Employees Retirement System grew its stake in Hornbeck Offshore Services by 3.8% during the fourth quarter. California Public Employees Retirement System now owns 656,630 shares of the oil and gas company’s stock valued at $2,042,000 after acquiring an additional 23,957 shares in the last quarter. KBC Group NV grew its stake in Hornbeck Offshore Services by 20.9% during the third quarter. KBC Group NV now owns 208,249 shares of the oil and gas company’s stock valued at $841,000 after acquiring an additional 35,934 shares in the last quarter. Monashee Investment Management LLC purchased a new position in Hornbeck Offshore Services during the fourth quarter valued at $115,000. Renaissance Technologies LLC purchased a new position in shares of Hornbeck Offshore Services in the 4th quarter worth $151,000. Finally, MML Investors Services LLC grew its stake in shares of Hornbeck Offshore Services by 117.3% in 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 in the last quarter. 64.06% of the stock is owned by institutional investors.
Several equities analysts recently weighed in on HOS shares. Zacks Investment Research raised shares of Hornbeck Offshore Services from a “sell” rating to a “hold” rating in a research note on Thursday, February 1st. ValuEngine cut shares of Hornbeck Offshore Services from a “sell” rating to a “strong sell” rating in a research note on Sunday, December 31st. Finally, Credit Suisse Group cut shares of 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. Three analysts have rated the stock with a sell rating and two have issued a hold rating to the stock. The company currently has a consensus rating of “Sell” and a consensus target price of $3.33.
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About Hornbeck Offshore Services
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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