Hornbeck Offshore Services Receives Consensus Rating of “Hold” from Analysts (NYSE:HOS)
Shares of Hornbeck Offshore Services (NYSE:HOS) have earned an average recommendation of “Hold” from the thirteen analysts that are currently covering the company, Analyst Ratings Network reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $56.35.
A number of analysts have recently weighed in on HOS shares. Analysts at Stephens downgraded shares of Hornbeck Offshore Services from an “overweight” rating to an “equal weight” rating in a research note on Tuesday, July 8th. They now have a $47.00 price target on the stock. Separately, analysts at Zacks downgraded shares of Hornbeck Offshore Services from a “neutral” rating to an “underperform” rating in a research note on Monday, June 30th. They now have a $44.50 price target on the stock. Finally, analysts at Zacks upgraded shares of Hornbeck Offshore Services from an “underperform” rating to a “neutral” rating in a research note on Friday, May 30th. They now have a $46.20 price target on the stock.
Hornbeck Offshore Services (NYSE:HOS) opened at 41.72 on Friday. 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 $44.5 and its 200-day moving average is $42.64. The company has a market cap of $1.512 billion and a P/E ratio of 13.00.
Hornbeck Offshore Services (NYSE:HOS) last issued its quarterly earnings data 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. Analysts expect that Hornbeck Offshore Services will post $2.46 EPS 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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