Wall Street Zen upgraded shares of Hornbeck Offshore Services (NYSE:HOS – Free Report) from a hold rating to a buy rating in a research note issued to investors on Sunday,Wall Street Zen reports.
Hornbeck Offshore Services Stock Performance
Shares of NYSE HOS opened at $6.28 on Friday. Hornbeck Offshore Services has a fifty-two week low of $6.11 and a fifty-two week high of $11.13. The company has a market cap of $924.96 million, a PE ratio of 20.16 and a beta of 1.31. The company has a debt-to-equity ratio of 0.19, a quick ratio of 3.47 and a current ratio of 3.47. The company has a 50-day simple moving average of $7.75.
Hornbeck Offshore Services (NYSE:HOS – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.15 earnings per share (EPS) for the quarter. The business had revenue of $304.02 million during the quarter. Hornbeck Offshore Services had a return on equity of 2.95% and a net margin of 3.04%. On average, sell-side analysts predict that Hornbeck Offshore Services will post 0.28 EPS for the current year.
Institutional Investors Weigh In On Hornbeck Offshore Services
Institutional investors have recently bought and sold shares of the stock. Assenagon Asset Management S.A. bought a new position in Hornbeck Offshore Services during the 3rd quarter valued at $15,012,000. State of Alaska Department of Revenue purchased a new position in Hornbeck Offshore Services during the 3rd quarter worth $212,000. GAMMA Investing LLC purchased a new position in Hornbeck Offshore Services during the 3rd quarter worth $28,000. Versant Capital Management Inc bought a new stake in shares of Hornbeck Offshore Services in the 3rd quarter worth $37,000. Finally, Worth Asset Management LLC bought a new stake in shares of Hornbeck Offshore Services in the 3rd quarter worth $82,000. Institutional investors own 91.33% of the company’s stock.
Hornbeck Offshore Services Company Profile
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