Hornbeck Offshore Services (HOS) Stock Price Down 6.4%

Hornbeck Offshore Services, Inc. (NYSE:HOS)’s share price traded down 6.4% during trading on Thursday . The company traded as low as $1.46 and last traded at $1.62. 683,833 shares changed hands during trading, an increase of 51% from the average session volume of 453,076 shares. The stock had previously closed at $1.73.

A number of equities analysts have recently commented on the stock. Zacks Investment Research downgraded shares of Hornbeck Offshore Services from a “hold” rating to a “sell” rating in a research note on Tuesday. ValuEngine upgraded shares of Hornbeck Offshore Services from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, October 2nd.

The company has a market cap of $60.90 million, a PE ratio of -0.65 and a beta of 2.42. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.74.

Hornbeck Offshore Services (NYSE:HOS) last issued its earnings results on Wednesday, October 31st. The oil and gas company reported ($0.78) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.70) by ($0.08). Hornbeck Offshore Services had a negative net margin of 0.54% and a negative return on equity of 7.90%. The firm had revenue of $58.47 million during the quarter, compared to analyst estimates of $61.23 million. Equities research analysts expect that Hornbeck Offshore Services, Inc. will post -3.18 EPS for the current year.

A number of large investors have recently modified their holdings of the stock. Bridgeway Capital Management Inc. bought a new position in Hornbeck Offshore Services in the 3rd quarter valued at about $671,000. Northern Trust Corp raised its holdings in Hornbeck Offshore Services by 18.5% in the 2nd quarter. Northern Trust Corp now owns 129,572 shares of the oil and gas company’s stock valued at $513,000 after acquiring an additional 20,256 shares during the period. Renaissance Technologies LLC raised its holdings in Hornbeck Offshore Services by 100.4% in the 2nd quarter. Renaissance Technologies LLC now owns 498,040 shares of the oil and gas company’s stock valued at $1,972,000 after acquiring an additional 249,500 shares during the period. Vanguard Group Inc raised its holdings in Hornbeck Offshore Services by 20.0% in the 3rd quarter. Vanguard Group Inc now owns 1,476,554 shares of the oil and gas company’s stock valued at $8,682,000 after acquiring an additional 246,050 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Hornbeck Offshore Services by 20.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,476,554 shares of the oil and gas company’s stock valued at $8,682,000 after acquiring an additional 246,050 shares during the period. Institutional investors and hedge funds own 62.47% of the company’s stock.

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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 in the U.S.

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