Insider Buying: Carl G. Annessa Purchases 3,000 Shares of Hornbeck Offshore Services Stock (HOS)
Hornbeck Offshore Services (NYSE:HOS) COO Carl G. Annessa purchased 3,000 shares of the company’s stock in a transaction dated Tuesday, May 13th. The stock was purchased at an average cost of $42.17 per share, with a total value of $126,510.00. Following the acquisition, the chief operating officer now directly owns 191,100 shares of the company’s stock, valued at approximately $8,058,687. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. 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 analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $56.82.
Shares of Hornbeck Offshore Services (NYSE:HOS) traded down 1.88% on Thursday, hitting $41.17. The stock had a trading volume of 308,767 shares. Hornbeck Offshore Services has a one year low of $37.44 and a one year high of $59.93. The stock’s 50-day moving average is $39.98 and its 200-day moving average is $44.85. The company has a market cap of $1.492 billion and a P/E ratio of 13.12.
Hornbeck Offshore Services (NYSE:HOS) last announced its earnings results on Wednesday, April 30th. The company reported $0.31 earnings per share for the quarter, missing the analysts’ 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 $2.77 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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