Hornbeck Offshore Services (HOS) Announces Quarterly Results
Hornbeck Offshore Services (NYSE:HOS) announced its earnings results on Thursday. The company reported $0.57 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.56 by $0.01, American Banking News reports. The company had revenue of $132.90 million for the quarter, compared to the consensus estimate of $146.12 million. During the same quarter in the prior year, the company posted $0.20 earnings per share. The company’s quarterly revenue was up 15.6% on a year-over-year basis.
HOS has been the subject of a number of recent research reports. Analysts at Credit Suisse raised their price target on shares of Hornbeck Offshore Services from $65.00 to $70.00 in a research note to investors on Tuesday, October 8th. On a related note, analysts at Cowen and Company initiated coverage on shares of Hornbeck Offshore Services in a research note to investors on Tuesday, October 8th. They set an “outperform” rating and a $80.00 price target on the stock. Finally, 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. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. Hornbeck Offshore Services currently has a consensus rating of “Buy” and a consensus target price of $67.52.
Hornbeck Offshore Services (NYSE:HOS) opened at 57.55 on Thursday. Hornbeck Offshore Services has a 52 week low of $31.96 and a 52 week high of $59.10. The stock has a 50-day moving average of $57.61 and a 200-day moving average of $54.11. The company has a market cap of $2.073 billion and a price-to-earnings ratio of 43.54.
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.