Hornbeck Offshore Services PT Raised to $58.00 (HOS)
Equities research analysts at Cowen and Company boosted their price objective on shares of Hornbeck Offshore Services (NYSE:HOS) to $58.00 in a research note issued to investors on Friday. Cowen and Company’s target price would suggest a potential upside of 34.10% from the stock’s previous close.
Hornbeck Offshore Services (NYSE:HOS) traded down 1.03% during mid-day trading on Friday, hitting $43.25. 789,628 shares of the company’s stock traded hands. Hornbeck Offshore Services has a 52 week low of $37.44 and a 52 week high of $59.93. The stock’s 50-day moving average is $43.99 and its 200-day moving average is $42.43. The company has a market cap of $1.561 billion and a price-to-earnings ratio of 12.85.
Hornbeck Offshore Services (NYSE:HOS) last announced its earnings results on Wednesday, July 30th. The company reported $0.85 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.49 by $0.36. The company had revenue of $171.10 million for the quarter, compared to the consensus estimate of $149.10 million. During the same quarter last year, the company posted $0.65 earnings per share. Hornbeck Offshore Services’s revenue was up 24.2% compared to the same quarter last year. On average, analysts predict that Hornbeck Offshore Services will post $2.49 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Zacks upgraded shares of Hornbeck Offshore Services from an “underperform” rating to a “neutral” rating in a research note on Tuesday. They now have a $43.30 price target on the stock. Separately, analysts at Tudor Pickering downgraded shares of Hornbeck Offshore Services from a “buy” rating to an “accumulate” rating in a research note on Wednesday, July 23rd. Finally, 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. One research analyst has rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $57.03.
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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