Hornbeck Offshore Services Upgraded to Neutral at Zacks (HOS)
Hornbeck Offshore Services (NYSE:HOS) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research report issued on Friday. The firm currently has a $46.20 target price on the stock. Zacks‘s price target would suggest a potential upside of 2.17% from the company’s current price.
Several other analysts have also 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. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $57.58.
Shares of Hornbeck Offshore Services (NYSE:HOS) traded up 0.02% during mid-day trading on Friday, hitting $45.229. 307,828 shares of the company’s stock traded hands. Hornbeck Offshore Services has a one year low of $37.44 and a one year high of $59.93. The stock has a 50-day moving average of $41.03 and a 200-day moving average of $44.03. The company has a market cap of $1.640 billion and a P/E ratio of 14.14.
Hornbeck Offshore Services (NYSE:HOS) last issued its quarterly earnings data 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. On average, analysts predict that Hornbeck Offshore Services will post $2.59 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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