Hornbeck Offshore Services (HOS) Earns Daily News Impact Score of 0.02
News articles about Hornbeck Offshore Services (NYSE:HOS) have trended somewhat positive this week, according to AlphaOne Sentiment Analysis. AlphaOne, a unit of Accern, rates the sentiment of press coverage by monitoring more than twenty million blog and news sources in real-time. AlphaOne ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Hornbeck Offshore Services earned a news sentiment score of 0.02 on AlphaOne’s scale. AlphaOne also gave news headlines about the oil and gas company an impact score of 62 out of 100, meaning that recent press coverage is somewhat likely to have an effect on the company’s share price in the near term.
These are some of the news headlines that may have impacted Alpha One’s analysis:
- Technical Roundup on Oil & Gas Stocks — Oceaneering, Hornbeck Offshore Services, NOW, and Eco-Stim – PR Newswire (press release) (prnewswire.com)
- Technical Roundup on Oil & Gas Stocks — Oceaneering, Hornbeck Offshore Services, NOW, and Eco-Stim Energy … – BOE Report (press release) (boereport.com)
- Somewhat Negative Press Coverage Somewhat Unlikely to Affect Hornbeck Offshore Services (HOS) Stock Price (americanbankingnews.com)
- Hornbeck Offshore Services, Inc. (HOS) Given Average Rating of “Hold” by Analysts (americanbankingnews.com)
- Zacks: Analysts Anticipate Hornbeck Offshore Services, Inc. (HOS) Will Announce Earnings of -$0.79 Per Share (americanbankingnews.com)
Several equities analysts recently commented on the stock. Capital One Financial Corp. restated an “equal weight” rating on shares of Hornbeck Offshore Services in a research note on Thursday, February 16th. Zacks Investment Research upgraded shares of Hornbeck Offshore Services from a “sell” rating to a “hold” rating in a research note on Friday, February 17th. Two research analysts have rated the stock with a sell rating and five have issued a hold rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $6.00.
Shares of Hornbeck Offshore Services (NYSE:HOS) traded down 3.16% during midday trading on Tuesday, reaching $3.06. 1,142,850 shares of the company’s stock were exchanged. Hornbeck Offshore Services has a 12 month low of $3.00 and a 12 month high of $11.75. The company’s market cap is $111.59 million. The firm has a 50 day moving average price of $3.72 and a 200 day moving average price of $5.42.
Hornbeck Offshore Services (NYSE:HOS) last announced its quarterly earnings results on Wednesday, February 15th. The oil and gas company reported ($0.53) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.53). Hornbeck Offshore Services had a negative return on equity of 3.28% and a negative net margin of 17.43%. The firm had revenue of $41.90 million for the quarter, compared to analysts’ expectations of $44.38 million. Equities research analysts forecast that Hornbeck Offshore Services will post ($2.87) earnings per share for the current fiscal year.
In related news, CEO Todd M. Hornbeck purchased 61,250 shares of the firm’s stock in a transaction dated Friday, March 17th. The shares were purchased at an average cost of $3.26 per share, for a total transaction of $199,675.00. Following the completion of the transaction, the chief executive officer now directly owns 925,902 shares in the company, valued at approximately $3,018,440.52. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 6.00% of the company’s stock.
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Hornbeck Offshore Services Company Profile
Hornbeck Offshore Services Inc provides marine transportation, subsea installation and accommodation support services to exploration and production, oilfield service, offshore construction and the United States military customers. The Company focuses on providing marine solutions for the deepwater and ultradeepwater energy industry in domestic and select foreign locations.
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