Hornbeck Offshore Services Coverage Initiated by Analysts at Cowen and Company (HOS)
Investment analysts at Cowen and Company initiated coverage on shares of Hornbeck Offshore Services (NYSE:HOS) in a note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
Hornbeck Offshore Services (NYSE:HOS) traded down 0.37% on Tuesday, hitting $56.35. The stock had a trading volume of 954,217 shares. Hornbeck Offshore Services has a 52-week low of $31.96 and a 52-week high of $59.40. The stock’s 50-day moving average is $56.70 and its 200-day moving average is $52.69. The company has a market cap of $2.030 billion and a price-to-earnings ratio of 42.18.
Hornbeck Offshore Services (NYSE:HOS) last posted its quarterly earnings results on Wednesday, July 31st. The company reported $0.67 earnings per share for the quarter, beating the analysts’ 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. On average, analysts predict that Hornbeck Offshore Services will post $2.49 earnings per share for the current fiscal year.
A number of other analysts have also recently weighed in on HOS. Analysts at Wunderlich initiated coverage on shares of Hornbeck Offshore Services in a research note to investors on Thursday, September 26th. They set a “buy” rating and a $70.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at JPMorgan Chase & Co. initiated coverage on shares of Hornbeck Offshore Services in a research note to investors on Friday, August 30th. They set an “overweight” rating and a $67.00 price target on the stock. Finally, 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. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Hornbeck Offshore Services currently has a consensus rating of “Buy” and an average target price of $66.13.
Hornbeck Offshore Services, Inc, is a provider of marine transportation services to exploration and production, oilfield service, offshore construction and United States military customers.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.