An issue of Hornbeck Offshore Services, Inc. (NYSE:HOS) bonds rose 0.5% against their face value during trading on Tuesday. The high-yield issue of debt has a 5.875% coupon and is set to mature on April 1, 2020. The bonds in the issue are now trading at $73.50. Price changes in a company’s bonds in credit markets often predict parallel changes in its stock price.
A number of equities research analysts have recently issued reports on the company. ValuEngine raised Hornbeck Offshore Services from a “sell” rating to a “hold” rating in a research report on Saturday, June 2nd. Zacks Investment Research lowered Hornbeck Offshore Services from a “hold” rating to a “sell” rating in a research report on Wednesday, May 9th. Finally, Clarkson Capital raised Hornbeck Offshore Services from a “neutral” rating to a “buy” rating in a research report on Friday, June 22nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $3.33.
Hornbeck Offshore Services opened at $3.95 on Thursday, Marketbeat Ratings reports. The firm has a market cap of $142.86 million, a P/E ratio of -1.59 and a beta of 1.14. Hornbeck Offshore Services, Inc. has a 1-year low of $2.07 and a 1-year high of $4.87. The company has a current ratio of 3.99, a quick ratio of 3.99 and a debt-to-equity ratio of 0.77.
Hornbeck Offshore Services (NYSE:HOS) last posted its quarterly earnings results on Wednesday, May 2nd. The oil and gas company reported ($1.04) earnings per share for the quarter, missing the consensus estimate of ($0.71) by ($0.33). The business had revenue of $41.59 million for the quarter, compared to analyst estimates of $50.37 million. Hornbeck Offshore Services had a net margin of 8.82% and a negative return on equity of 7.48%. equities research analysts predict that Hornbeck Offshore Services, Inc. will post -2.99 EPS for the current year.
Large investors have recently bought and sold shares of the stock. Renaissance Technologies LLC acquired a new position in Hornbeck Offshore Services during the fourth quarter valued at $151,000. Royal Bank of Canada raised its position 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 valued at $141,000 after buying an additional 29,440 shares during the period. MML Investors Services LLC raised its position in Hornbeck Offshore Services by 117.3% during the fourth quarter. MML Investors Services LLC now owns 138,224 shares of the oil and gas company’s stock valued at $430,000 after buying an additional 74,603 shares during the period. JPMorgan Chase & Co. raised its position in Hornbeck Offshore Services by 722.0% during the first quarter. JPMorgan Chase & Co. now owns 201,713 shares of the oil and gas company’s stock valued at $587,000 after buying an additional 177,174 shares during the period. Finally, Millennium Management LLC raised its position in Hornbeck Offshore Services by 59.1% during the first quarter. Millennium Management LLC now owns 404,031 shares of the oil and gas company’s stock valued at $1,176,000 after buying an additional 150,066 shares during the period. 62.79% of the stock is currently owned by hedge funds and other institutional investors.
Hornbeck Offshore Services Company Profile
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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