Insider Buying: Todd M. Hornbeck Acquires 50,000 Shares of Hornbeck Offshore Services Stock (HOS)
Hornbeck Offshore Services (NYSE:HOS) CEO Todd M. Hornbeck acquired 50,000 shares of the stock on the open market in a transaction dated Wednesday, May 7th. The stock was purchased at an average price of $38.63 per share, with a total value of $1,931,500.00. Following the purchase, the chief executive officer now directly owns 803,554 shares of the company’s stock, valued at approximately $31,041,291. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.
Hornbeck Offshore Services (NYSE:HOS) traded up 2.27% on Thursday, hitting $39.12. The stock had a trading volume of 819,501 shares. Hornbeck Offshore Services has a 52 week low of $37.44 and a 52 week high of $59.93. The stock has a 50-day moving average of $39.89 and a 200-day moving average of $45.49. The company has a market cap of $1.412 billion and a P/E ratio of 11.96.
Hornbeck Offshore Services (NYSE:HOS) last issued its quarterly earnings data on Wednesday, April 30th. The company reported $0.31 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.47 by $0.16. The company had revenue of $136.60 million for the quarter, compared to the consensus estimate of $150.62 million. On average, analysts predict that Hornbeck Offshore Services will post $2.82 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on HOS shares. Analysts at Wunderlich upgraded shares of Hornbeck Offshore Services from a “hold” rating to a “buy” rating in a research note on Tuesday. They now have a $55.00 price target on the stock, up previously from $47.00. Separately, analysts at Global Hunter Securities cut their price target on shares of Hornbeck Offshore Services from $53.00 to $52.00 in a research note on Monday. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Hornbeck Offshore Services from $67.00 to $48.00 in a research note on Monday. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Hornbeck Offshore Services presently has a consensus rating of “Hold” and a consensus price target of $56.82.
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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