Hornbeck Offshore Services (NYSE:HOS) Hits New 1-Year Low – Here’s What Happened

Shares of Hornbeck Offshore Services, Inc. (NYSE:HOS – Get Free Report) hit a new 52-week low during mid-day trading on Wednesday. The stock traded as low as $6.08 and last traded at $6.1050, with a volume of 89,789 shares. The stock had previously closed at $6.25.

Analysts Set New Price Targets

Separately, Wall Street Zen raised Hornbeck Offshore Services from a “hold” rating to a “buy” rating in a report on Sunday.

Check Out Our Latest Stock Analysis on HOS

Hornbeck Offshore Services Price Performance

The firm has a 50-day moving average of $7.75. The firm has a market cap of $905.65 million, a price-to-earnings ratio of 22.73 and a beta of 1.31. The company has a quick ratio of 3.47, a current ratio of 3.47 and a debt-to-equity ratio of 0.19.

Hornbeck Offshore Services (NYSE:HOS – Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The company reported $0.15 EPS for the quarter. The firm had revenue of $304.02 million during the quarter. Hornbeck Offshore Services had a net margin of 3.04% and a return on equity of 2.95%. Equities analysts forecast that Hornbeck Offshore Services, Inc. will post 0.28 earnings per share for the current year.

Institutional Investors Weigh In On Hornbeck Offshore Services

A number of institutional investors and hedge funds have recently made changes to their positions in HOS. Assenagon Asset Management S.A. acquired a new stake in shares of Hornbeck Offshore Services during the third quarter worth about $15,012,000. Nisa Investment Advisors LLC purchased a new position in shares of Hornbeck Offshore Services during the third quarter worth about $542,000. CenterBook Partners LP acquired a new position in Hornbeck Offshore Services in the 3rd quarter valued at about $409,000. Oppenheimer & Co. Inc. acquired a new position in Hornbeck Offshore Services in the 3rd quarter valued at about $346,000. Finally, Yousif Capital Management LLC acquired a new position in Hornbeck Offshore Services in the 3rd quarter valued at about $269,000. 91.33% of the stock is owned by hedge funds and other institutional investors.

Hornbeck Offshore Services Company Profile

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