Hornbeck Offshore Services Coverage Initiated by Analysts at JPMorgan Chase & Co. (HOS)
Equities researchers at JPMorgan Chase & Co. started coverage on shares of Hornbeck Offshore Services (NYSE:HOS) in a research report issued on Friday, TheFlyOnTheWall.com reports. The firm set an “overweight” rating on the stock.
Hornbeck Offshore Services (NYSE:HOS) opened at 55.77 on Friday. Hornbeck Offshore Services has a 52 week low of $31.96 and a 52 week high of $59.10. The stock’s 50-day moving average is $56.36 and its 200-day moving average is $51.30. The company has a market cap of $2.009 billion and a price-to-earnings ratio of 41.59.
Hornbeck Offshore Services (NYSE:HOS) last announced its earnings results on Wednesday, July 31st. The company reported $0.67 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.52 by $0.15. The company had revenue of $154.30 million for the quarter, compared to the consensus estimate of $148.30 million. During the same quarter last year, the company posted $0.35 earnings per share. Hornbeck Offshore Services’s revenue was up 17.2% compared to the same quarter last year. Analysts expect that Hornbeck Offshore Services will post $2.49 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on HOS. Analysts at Howard Weil upgraded shares of Hornbeck Offshore Services from a “sector perform” rating to an “outperform” rating in a research note to investors on Tuesday, August 13th. They now have a $71.00 price target on the stock, up previously from $51.00. Separately, analysts at Barclays Capital raised their price target on shares of Hornbeck Offshore Services from $88.00 to $92.00 in a research note to investors on Friday, August 2nd. They now have an “overweight” rating on the stock. Finally, analysts at Barclays Capital raised their price target on shares of Hornbeck Offshore Services from $87.00 to $88.00 in a research note to investors on Tuesday, July 23rd. They now have an “overweight” rating on the stock.
Four research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $64.74.
Hornbeck Offshore Services, Inc, is a provider of marine transportation services to exploration and production, oilfield service, offshore construction and United States military customers.
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