Insider Buying: Hornbeck Offshore Services Director Acquires 3,000 Shares of Stock (HOS)
Hornbeck Offshore Services (NYSE:HOS) Director Patricia B. Melcher bought 3,000 shares of the company’s stock on the open market in a transaction dated Friday, May 9th. The stock was purchased at an average cost of $39.54 per share, with a total value of $118,620.00. Following the completion of the purchase, the director now directly owns 43,645 shares of the company’s stock, valued at approximately $1,725,723. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Shares of Hornbeck Offshore Services (NYSE:HOS) traded up 0.95% during mid-day trading on Monday, hitting $40.51. 370,404 shares of the company’s stock traded hands. Hornbeck Offshore Services has a 1-year low of $37.44 and a 1-year high of $59.93. The stock’s 50-day moving average is $39.83 and its 200-day moving average is $45.31. The company has a market cap of $1.462 billion and a price-to-earnings ratio of 12.54.
Hornbeck Offshore Services (NYSE:HOS) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.31 EPS for the quarter, missing the Thomson Reuters 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. Analysts expect that Hornbeck Offshore Services will post $2.78 EPS for the current fiscal year.
HOS has been the subject of a number of recent research reports. Analysts at Wunderlich upgraded shares of Hornbeck Offshore Services from a “hold” rating to a “buy” rating in a research note on Tuesday, May 6th. 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, May 5th. 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, May 5th. 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 company’s stock. Hornbeck Offshore Services has a consensus rating of “Hold” and an average 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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