Hornbeck Offshore Services Receives Average Recommendation of “Hold” from Analysts (NYSE:HOS)
Shares of Hornbeck Offshore Services (NYSE:HOS) have earned a consensus recommendation of “Hold” from the sixteen ratings firms that are presently covering the company, Analyst Ratings Network reports. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $57.03.
Several analysts have recently commented on the stock. Analysts at Capital One Financial Corp. downgraded shares of Hornbeck Offshore Services from an “overweight” rating to an “equal weight” rating in a research note on Thursday, August 21st. Separately, analysts at Morgan Stanley downgraded shares of Hornbeck Offshore Services from an “equal weight” rating to an “underweight” rating in a research note on Monday, August 4th. Finally, analysts at Cowen and Company raised their price target on shares of Hornbeck Offshore Services to $58.00 in a research note on Friday, August 1st.
Shares of Hornbeck Offshore Services (NYSE:HOS) opened at 43.66 on Thursday. 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 $42.6 and its 200-day moving average is $42.35. The company has a market cap of $1.586 billion and a price-to-earnings ratio of 12.77.
Hornbeck Offshore Services (NYSE:HOS) last announced its earnings results on Wednesday, July 30th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the 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 in the previous year, the company posted $0.65 earnings per share. The company’s revenue for the quarter was up 24.2% on a year-over-year basis. 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.