Insider Buying: Hornbeck Offshore Services (HOS) Director Purchases 4,557 Shares of Stock
Hornbeck Offshore Services (NYSE:HOS) Director Larry D. Hornbeck purchased 4,557 shares of the business’s stock in a transaction dated Friday, September 29th. The stock was bought at an average cost of $3.96 per share, with a total value of $18,045.72. Following the completion of the acquisition, the director now directly owns 266,613 shares of the company’s stock, valued at $1,055,787.48. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
Hornbeck Offshore Services (HOS) traded up 1.32% during mid-day trading on Tuesday, reaching $3.85. 339,071 shares of the company were exchanged. The stock’s market capitalization is $142.56 million. The stock has a 50 day moving average of $3.24 and a 200-day moving average of $2.95. Hornbeck Offshore Services has a one year low of $1.51 and a one year high of $9.07.
Hornbeck Offshore Services (NYSE:HOS) last announced its earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.82) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.79) by ($0.03). The company had revenue of $37.40 million during the quarter, compared to the consensus estimate of $37.13 million. Hornbeck Offshore Services had a negative return on equity of 6.72% and a negative net margin of 47.42%. Hornbeck Offshore Services’s revenue for the quarter was down 30.4% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.57) earnings per share. On average, equities analysts expect that Hornbeck Offshore Services will post ($3.06) earnings per share for the current fiscal year.
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A number of research firms recently issued reports on HOS. Zacks Investment Research lowered Hornbeck Offshore Services from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. ValuEngine upgraded Hornbeck Offshore Services from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. Piper Jaffray Companies restated a “hold” rating and issued a $3.50 target price on shares of Hornbeck Offshore Services in a research note on Thursday, August 3rd. Finally, Seaport Global Securities reaffirmed a “neutral” rating on shares of Hornbeck Offshore Services in a report on Monday, August 7th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $4.75.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Menta Capital LLC purchased a new position in shares of Hornbeck Offshore Services during the 1st quarter valued at about $114,000. Comerica Bank grew its stake in shares of Hornbeck Offshore Services by 1.7% during the 1st quarter. Comerica Bank now owns 34,874 shares of the oil and gas company’s stock valued at $123,000 after acquiring an additional 576 shares during the period. State of Tennessee Treasury Department grew its stake in shares of Hornbeck Offshore Services by 17.8% during the 1st quarter. State of Tennessee Treasury Department now owns 30,395 shares of the oil and gas company’s stock valued at $135,000 after acquiring an additional 4,587 shares during the period. Tower Research Capital LLC TRC grew its stake in shares of Hornbeck Offshore Services by 3,278.6% during the 1st quarter. Tower Research Capital LLC TRC now owns 32,029 shares of the oil and gas company’s stock valued at $142,000 after acquiring an additional 31,081 shares during the period. Finally, MML Investors Services LLC grew its stake in shares of Hornbeck Offshore Services by 17.3% during the 2nd quarter. MML Investors Services LLC now owns 54,300 shares of the oil and gas company’s stock valued at $154,000 after acquiring an additional 8,000 shares during the period. Institutional investors and hedge funds own 86.67% of the company’s stock.
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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