Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Hornbeck Offshore Services (HOS) Stock Price

Press coverage about Hornbeck Offshore Services (NYSE:HOS) has trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Hornbeck Offshore Services earned a news sentiment score of 0.11 on Accern’s scale. Accern also assigned news headlines about the oil and gas company an impact score of 48.9256762258306 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

These are some of the media stories that may have impacted Accern’s scoring:

Shares of Hornbeck Offshore Services stock traded down $0.08 during midday trading on Monday, hitting $4.55. The company’s stock had a trading volume of 10,592 shares, compared to its average volume of 190,509. The stock has a market cap of $174.07 million, a PE ratio of -1.83 and a beta of 1.30. The company has a quick ratio of 3.00, a current ratio of 3.00 and a debt-to-equity ratio of 0.79. Hornbeck Offshore Services has a 1-year low of $2.56 and a 1-year high of $5.35.

Hornbeck Offshore Services (NYSE:HOS) last issued its earnings results on Wednesday, August 1st. The oil and gas company reported ($0.67) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.73) by $0.06. The business had revenue of $58.43 million during the quarter, compared to analysts’ expectations of $56.50 million. Hornbeck Offshore Services had a negative return on equity of 7.13% and a net margin of 5.27%. analysts expect that Hornbeck Offshore Services will post -3.12 EPS for the current fiscal year.

Several analysts have recently commented on HOS shares. ValuEngine raised Hornbeck Offshore Services from a “hold” rating to a “buy” rating in a research report on Wednesday, July 4th. Clarkson Capital raised Hornbeck Offshore Services from a “neutral” rating to a “buy” rating in a research report on Friday, June 22nd. Finally, Zacks Investment Research raised Hornbeck Offshore Services from a “hold” rating to a “buy” rating and set a $4.50 target price for the company in a research report on Tuesday, August 7th.

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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