Hornbeck Offshore Services (NYSE:HOS) Downgraded by ValuEngine

Hornbeck Offshore Services (NYSE:HOS) was downgraded by equities research analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Friday, ValuEngine reports.

Shares of NYSE HOS remained flat at $$0.59 during midday trading on Friday. The stock had a trading volume of 36,321 shares, 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. The firm has a 50-day moving average price of $0.68 and a two-hundred day moving average price of $0.99. The company has a current ratio of 0.26, a quick ratio of 0.86 and a debt-to-equity ratio of 0.87. Hornbeck Offshore Services has a 52 week low of $0.40 and a 52 week high of $4.22.

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). The firm had revenue of $52.83 million during the quarter. Hornbeck Offshore Services had a negative return on equity of 11.12% and a negative net margin of 61.65%.

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An institutional investor recently raised its position in Hornbeck Offshore Services stock. Vanguard Group Inc. boosted its position in Hornbeck Offshore Services, Inc. (NYSE:HOS) by 93.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). 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 quarter. Vanguard Group Inc. owned approximately 4.49% of Hornbeck Offshore Services worth $2,124,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 56.29% of the stock is currently owned by institutional investors.

Hornbeck Offshore Services Company Profile

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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