Hornbeck Offshore Services (NYSE:HOS) Upgraded to Hold by ValuEngine

ValuEngine upgraded shares of Hornbeck Offshore Services (NYSE:HOS) from a sell rating to a hold rating in a report issued on Thursday, ValuEngine reports.

Separately, Zacks Investment Research lowered Hornbeck Offshore Services from a hold rating to a sell rating in a research report on Tuesday, July 2nd.

NYSE:HOS traded down $0.07 during trading hours on Thursday, hitting $0.81. The company had a trading volume of 500 shares, compared to its average volume of 153,068. The firm has a market cap of $30.08 million, a P/E ratio of -0.24 and a beta of 1.99. The company’s 50-day simple moving average is $1.14. Hornbeck Offshore Services has a 52 week low of $0.58 and a 52 week high of $6.14. The company has a quick ratio of 2.76, a current ratio of 0.59 and a debt-to-equity ratio of 0.84.

Hornbeck Offshore Services (NYSE:HOS) last posted 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 consensus estimate of ($0.69) by ($0.15). The company 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, sell-side analysts forecast that Hornbeck Offshore Services will post -2.77 EPS for the current fiscal year.

Several institutional investors and hedge funds have recently bought and sold shares of HOS. Deutsche Bank AG raised its position in Hornbeck Offshore Services by 650.2% in the 4th quarter. Deutsche Bank AG now owns 498,894 shares of the oil and gas company’s stock worth $718,000 after buying an additional 432,394 shares during the last quarter. Municipal Employees Retirement System of Michigan purchased a new stake in shares of Hornbeck Offshore Services during the 4th quarter valued at about $153,000. Bank of New York Mellon Corp grew its stake in shares of Hornbeck Offshore Services by 210.6% during the 4th quarter. Bank of New York Mellon Corp now owns 63,888 shares of the oil and gas company’s stock valued at $92,000 after acquiring an additional 43,317 shares during the period. Finally, Sullivan Bruyette Speros & Blaney LLC grew its stake in shares of Hornbeck Offshore Services by 85.3% during the 1st quarter. Sullivan Bruyette Speros & Blaney LLC now owns 20,632 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 9,500 shares during the period. 55.30% of the stock is owned by hedge funds and other institutional investors.

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 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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