Wall Street analysts forecast that Hornbeck Offshore Services (NYSE:HOS) will announce $38.30 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Hornbeck Offshore Services’ earnings, with the lowest sales estimate coming in at $38.20 million and the highest estimate coming in at $38.40 million. Hornbeck Offshore Services reported sales of $53.67 million during the same quarter last year, which would suggest a negative year over year growth rate of 28.6%. The company is scheduled to announce its next quarterly earnings results after the market closes on Wednesday, August 2nd.

According to Zacks, analysts expect that Hornbeck Offshore Services will report full-year sales of $38.30 million for the current financial year, with estimates ranging from $150.78 million to $164.20 million. For the next fiscal year, analysts anticipate that the company will post sales of $224.32 million per share, with estimates ranging from $215.80 million to $232.84 million. Zacks Investment Research’s sales calculations are an average based on a survey of research firms that cover Hornbeck Offshore Services.

Several research firms recently weighed in on HOS. Seaport Global Securities lowered Hornbeck Offshore Services from a “buy” rating to a “neutral” rating in a research note on Friday, June 2nd. Zacks Investment Research raised Hornbeck Offshore Services from a “sell” rating to a “hold” rating in a research note on Tuesday, June 6th. Finally, ValuEngine lowered Hornbeck Offshore Services from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd. Four analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The stock has a consensus rating of “Sell” and a consensus price target of $6.00.

A number of institutional investors have recently bought and sold shares of HOS. Raging Capital Management LLC increased its position in Hornbeck Offshore Services by 103.3% in the first quarter. Raging Capital Management LLC now owns 3,595,000 shares of the oil and gas company’s stock valued at $15,926,000 after buying an additional 1,826,480 shares in the last quarter. Mackenzie Financial Corp increased its position in Hornbeck Offshore Services by 17.2% in the first quarter. Mackenzie Financial Corp now owns 2,253,000 shares of the oil and gas company’s stock valued at $9,981,000 after buying an additional 331,000 shares in the last quarter. Vanguard Group Inc. increased its position in Hornbeck Offshore Services by 3.6% in the first quarter. Vanguard Group Inc. now owns 1,817,179 shares of the oil and gas company’s stock valued at $8,050,000 after buying an additional 62,489 shares in the last quarter. Bank of New York Mellon Corp increased its position in Hornbeck Offshore Services by 260.1% in the first quarter. Bank of New York Mellon Corp now owns 1,634,675 shares of the oil and gas company’s stock valued at $7,241,000 after buying an additional 1,180,699 shares in the last quarter. Finally, D.C. Capital Advisors Ltd increased its position in Hornbeck Offshore Services by 1.0% in the first quarter. D.C. Capital Advisors Ltd now owns 1,010,168 shares of the oil and gas company’s stock valued at $4,475,000 after buying an additional 10,168 shares in the last quarter. Hedge funds and other institutional investors own 97.45% of the company’s stock.

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Hornbeck Offshore Services (HOS) traded up 6.151% on Friday, hitting $2.675. The company had a trading volume of 337,741 shares. Hornbeck Offshore Services has a 12-month low of $1.51 and a 12-month high of $9.62. The firm’s market capitalization is $98.35 million. The firm has a 50-day moving average price of $2.29 and a 200-day moving average price of $4.60.

About Hornbeck Offshore Services

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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Earnings History and Estimates for Hornbeck Offshore Services (NYSE:HOS)

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