Hornbeck Offshore Services (NYSE:HOS) Lowered to “Hold” at ValuEngine

ValuEngine downgraded shares of Hornbeck Offshore Services (NYSE:HOS) from a buy rating to a hold rating in a research report report published on Friday, ValuEngine reports.

NYSE HOS remained flat at $$0.59 on Friday. 36,321 shares of the company traded hands, compared to its average volume of 122,220. The stock has a market capitalization of $21.70 million, a P/E ratio of -0.18 and a beta of 2.01. Hornbeck Offshore Services has a fifty-two week low of $0.40 and a fifty-two week high of $4.22. The stock’s 50 day moving average is $0.68 and its two-hundred day moving average is $0.99. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.86 and a current ratio of 0.26.

Hornbeck Offshore Services (NYSE:HOS) last issued its earnings results on Wednesday, October 30th. The oil and gas company reported ($1.09) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.90) by ($0.19). Hornbeck Offshore Services had a negative return on equity of 11.12% and a negative net margin of 61.65%. The company had revenue of $52.83 million for the quarter.

A hedge fund recently raised its stake in Hornbeck Offshore Services stock. Vanguard Group Inc. raised its holdings in Hornbeck Offshore Services, Inc. (NYSE:HOS) by 93.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,699,305 shares of the oil and gas company’s stock after buying an additional 819,984 shares during the period. Vanguard Group Inc. owned about 4.49% of Hornbeck Offshore Services worth $2,124,000 as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 56.29% of the company’s stock.

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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