Hornbeck Offshore Services (HOS) Scheduled to Post Quarterly Earnings on Wednesday
Hornbeck Offshore Services (NYSE:HOS) is scheduled to announce its earnings results after the market closes on Wednesday, November 1st. Analysts expect the company to announce earnings of ($0.75) per share for the quarter.
Hornbeck Offshore Services (NYSE:HOS) last posted its quarterly earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.82) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.79) by ($0.03). Hornbeck Offshore Services had a negative return on equity of 6.72% and a negative net margin of 47.42%. The company had revenue of $37.40 million for the quarter, compared to the consensus estimate of $37.13 million. During the same quarter in the previous year, the business earned ($0.57) earnings per share. Hornbeck Offshore Services’s revenue was down 30.4% compared to the same quarter last year. On average, analysts expect Hornbeck Offshore Services to post $-2.98 EPS for the current fiscal year and $-2.65 EPS for the next fiscal year.
Hornbeck Offshore Services (NYSE HOS) opened at 3.32 on Wednesday. The company’s market capitalization is $122.93 million. The company’s 50-day moving average price is $3.66 and its 200 day moving average price is $2.92. Hornbeck Offshore Services has a 52-week low of $1.51 and a 52-week high of $9.07.
HOS has been the topic of a number of analyst reports. Zacks Investment Research cut Hornbeck Offshore Services from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. ValuEngine raised Hornbeck Offshore Services from a “strong sell” rating to a “sell” rating in a research note on Friday, September 1st. Piper Jaffray Companies reaffirmed a “hold” rating and set 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 research note on Monday, August 7th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the company’s stock. Hornbeck Offshore Services has an average rating of “Hold” and a consensus price target of $3.50.
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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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