Hornbeck Offshore Services (NYSE:HOS) released its quarterly earnings data on Wednesday. The oil and gas company reported ($0.51) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.73) by $0.22, Briefing.com reports. The firm had revenue of $53.70 million for the quarter, compared to analyst estimates of $41.25 million. Hornbeck Offshore Services had a negative return on equity of 6.72% and a negative net margin of 47.42%. The business’s revenue for the quarter was up 3.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.45) earnings per share.

A number of brokerages have recently weighed in on HOS. Seaport Global Securities reiterated a “neutral” rating on shares of Hornbeck Offshore Services in a research note on Monday, August 7th. Zacks Investment Research upgraded Hornbeck Offshore Services from a “sell” rating to a “hold” rating in a research note on Wednesday, August 23rd. Piper Jaffray Companies reiterated 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, ValuEngine lowered Hornbeck Offshore Services from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Hornbeck Offshore Services has a consensus rating of “Hold” and a consensus price target of $3.50.

TRADEMARK VIOLATION WARNING: This piece of content was first published by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another site, it was stolen and reposted in violation of US & international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2017/11/01/hornbeck-offshore-services-hos-announces-quarterly-earnings-results.html.

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.

Earnings History for Hornbeck Offshore Services (NYSE:HOS)

Receive News & Ratings for Hornbeck Offshore Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hornbeck Offshore Services and related companies with MarketBeat.com's FREE daily email newsletter.