Hornbeck Offshore Services (NYSE:HOS) Stock Price Crosses Above 200 Day Moving Average of $0.00

Hornbeck Offshore Services, Inc. (NYSE:HOS) shares passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $0.00 and traded as high as $0.73. Hornbeck Offshore Services shares last traded at $0.73, with a volume of 1,156 shares changing hands.

A number of analysts have recently issued reports on HOS shares. ValuEngine raised Hornbeck Offshore Services from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Zacks Investment Research lowered Hornbeck Offshore Services from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd.

The company has a quick ratio of 2.76, a current ratio of 0.59 and a debt-to-equity ratio of 0.84. The company has a 50 day moving average of $1.04. The stock has a market capitalization of $28.41 million, a PE ratio of -0.23 and a beta of 1.99.

Hornbeck Offshore Services (NYSE:HOS) last issued its quarterly earnings results on Wednesday, July 31st. The oil and gas company reported ($0.84) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.69) by ($0.15). The firm had revenue of $56.85 million during the quarter. Hornbeck Offshore Services had a negative return on equity of 9.90% and a negative net margin of 55.51%. On average, equities analysts anticipate that Hornbeck Offshore Services, Inc. will post -2.77 earnings per share for the current year.

Several large investors have recently modified their holdings of the company. Sullivan Bruyette Speros & Blaney LLC boosted its stake in shares of Hornbeck Offshore Services by 85.3% in the first quarter. Sullivan Bruyette Speros & Blaney LLC now owns 20,632 shares of the oil and gas company’s stock worth $26,000 after acquiring an additional 9,500 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of Hornbeck Offshore Services by 650.2% in the fourth quarter. Deutsche Bank AG now owns 498,894 shares of the oil and gas company’s stock worth $718,000 after acquiring an additional 432,394 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new stake in shares of Hornbeck Offshore Services in the fourth quarter worth approximately $153,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of Hornbeck Offshore Services by 210.6% in the fourth quarter. Bank of New York Mellon Corp now owns 63,888 shares of the oil and gas company’s stock worth $92,000 after acquiring an additional 43,317 shares during the last quarter. 54.91% of the stock is currently owned by hedge funds and other institutional investors.

About Hornbeck Offshore Services (NYSE:HOS)

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 United States 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 Gulf of Mexico in the U.S., Latin America, and internationally.

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