Hornbeck Offshore Services Inc. Reaches New 12-Month High at $59.40 (HOS)
Shares of Hornbeck Offshore Services (NYSE:HOS) hit a new 52-week high during mid-day trading on Thursday, AR Network reports. The stock traded as high as $59.40 and last traded at $59.05, with a volume of 360,237 shares trading hands. The stock had previously closed at $58.31.
HOS has been the subject of a number of recent research reports. Analysts at JPMorgan Chase & Co. initiated coverage on shares of Hornbeck Offshore Services (NYSE:HOS) in a research note to investors on Friday, August 30th. They set an “overweight” rating and a $67.00 price target on the stock. Separately, analysts at Howard Weil upgraded shares of Hornbeck Offshore Services (NYSE:HOS) 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. Finally, analysts at Barclays Capital raised their price target on shares of Hornbeck Offshore Services (NYSE:HOS) 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.
Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $65.03.
Hornbeck Offshore Services has a 1-year low of $31.96 and a 1-year high of $59.10. The stock has a 50-day moving average of $56.69 and a 200-day moving average of $51.24. The company has a market cap of $2.125 billion and a price-to-earnings ratio of 43.48.
Hornbeck Offshore Services (NYSE:HOS) last issued its quarterly earnings data 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 in the prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue was up 17.2% on a year-over-year basis. On average, analysts predict that Hornbeck Offshore Services will post $2.48 earnings per share for the current fiscal year.
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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