Equities research analysts expect Hornbeck Offshore Services, Inc. (NYSE:HOS) to post $58.00 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Hornbeck Offshore Services’ earnings. The highest sales estimate is $58.90 million and the lowest is $57.10 million. Hornbeck Offshore Services reported sales of $56.24 million in the same quarter last year, which indicates a positive year over year growth rate of 3.1%. The company is scheduled to announce its next earnings results on Wednesday, February 6th.
According to Zacks, analysts expect that Hornbeck Offshore Services will report full year sales of $218.25 million for the current financial year, with estimates ranging from $215.60 million to $220.90 million. For the next fiscal year, analysts expect that the business will report sales of $285.25 million, with estimates ranging from $270.00 million to $300.50 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Hornbeck Offshore Services.
Hornbeck Offshore Services (NYSE:HOS) last announced its earnings results on Wednesday, October 31st. The oil and gas company reported ($0.78) earnings per share for the quarter, missing the consensus estimate of ($0.70) by ($0.08). The business had revenue of $58.47 million for the quarter, compared to the consensus estimate of $61.23 million. Hornbeck Offshore Services had a negative net margin of 0.54% and a negative return on equity of 7.90%.
HOS has been the topic of a number of recent research reports. Zacks Investment Research upgraded Hornbeck Offshore Services from a “hold” rating to a “buy” rating and set a $4.75 target price on the stock in a report on Wednesday, September 19th. ValuEngine upgraded Hornbeck Offshore Services from a “hold” rating to a “buy” rating in a report on Wednesday, September 26th.
Hedge funds and other institutional investors have recently modified their holdings of the stock. Gagnon Securities LLC grew its holdings in shares of Hornbeck Offshore Services by 94.6% in the 2nd quarter. Gagnon Securities LLC now owns 31,469 shares of the oil and gas company’s stock worth $125,000 after acquiring an additional 15,294 shares during the last quarter. Royal Bank of Canada grew its holdings in shares of 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 in the last quarter. Bridgeway Capital Management Inc. purchased a new position in shares of Hornbeck Offshore Services during the third quarter valued at $671,000. Northern Trust Corp grew its holdings in shares of Hornbeck Offshore Services by 18.5% during the second quarter. Northern Trust Corp now owns 129,572 shares of the oil and gas company’s stock valued at $513,000 after buying an additional 20,256 shares in the last quarter. Finally, Millennium Management LLC grew its holdings in shares of 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 in the last quarter. Institutional investors and hedge funds own 62.47% of the company’s stock.
Hornbeck Offshore Services stock traded up $0.01 during mid-day trading on Wednesday, hitting $2.69. 212,955 shares of the company’s stock traded hands, compared to its average volume of 134,598. Hornbeck Offshore Services has a one year low of $2.63 and a one year high of $6.14. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.07 and a quick ratio of 1.07. The company has a market capitalization of $100.76 million, a P/E ratio of -1.08 and a beta of 1.91.
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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