Analysts forecast that Hornbeck Offshore Services, Inc. (NYSE:HOS) will announce sales of $39.73 million for the current quarter, Zacks reports. Three analysts have provided estimates for Hornbeck Offshore Services’ earnings. The highest sales estimate is $41.00 million and the lowest is $38.00 million. Hornbeck Offshore Services reported sales of $41.88 million during the same quarter last year, which would suggest a negative year over year growth rate of 5.1%. The firm is expected to report its next earnings results after the market closes on Wednesday, February 7th.

On average, analysts expect that Hornbeck Offshore Services will report full year sales of $39.73 million for the current fiscal year, with estimates ranging from $150.78 million to $166.80 million. For the next fiscal year, analysts anticipate that the firm will report sales of $196.06 million per share, with estimates ranging from $166.30 million to $232.84 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Hornbeck Offshore Services.

Hornbeck Offshore Services (NYSE:HOS) last announced its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported ($0.51) earnings per share for the quarter, topping the consensus estimate of ($0.73) by $0.22. Hornbeck Offshore Services had a negative net margin of 48.34% and a negative return on equity of 7.00%. The company had revenue of $53.70 million for the quarter, compared to analysts’ expectations of $41.25 million. During the same quarter in the previous year, the business posted ($0.45) earnings per share. Hornbeck Offshore Services’s quarterly revenue was up 3.5% on a year-over-year basis.

HOS has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Hornbeck Offshore Services from a “sell” rating to a “hold” rating in a research report on Thursday, September 21st. ValuEngine cut shares of Hornbeck Offshore Services from a “sell” rating to a “strong sell” rating in a research report on Wednesday, November 15th. Finally, Credit Suisse Group cut shares of Hornbeck Offshore Services from a “neutral” rating to an “underperform” rating and set a $2.00 price objective on the stock. in a research report on Friday, January 12th. Three investment analysts have rated the stock with a sell rating and three have given a hold rating to the company. The company has an average rating of “Hold” and a consensus price target of $3.33.

A number of hedge funds have recently bought and sold shares of HOS. JPMorgan Chase & Co. increased its position in Hornbeck Offshore Services by 374.5% during the second quarter. JPMorgan Chase & Co. now owns 262,542 shares of the oil and gas company’s stock valued at $743,000 after acquiring an additional 207,212 shares during the last quarter. MML Investors Services LLC increased its position in Hornbeck Offshore Services by 17.3% during the second 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 last quarter. California Public Employees Retirement System increased its position in Hornbeck Offshore Services by 41.3% during the second quarter. California Public Employees Retirement System now owns 502,300 shares of the oil and gas company’s stock valued at $1,422,000 after acquiring an additional 146,900 shares during the last quarter. Balyasny Asset Management LLC bought a new position in Hornbeck Offshore Services during the second quarter valued at $568,000. Finally, Goldman Sachs Group Inc. increased its position in Hornbeck Offshore Services by 86.3% during the second quarter. Goldman Sachs Group Inc. now owns 117,476 shares of the oil and gas company’s stock valued at $332,000 after acquiring an additional 54,431 shares during the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.

Shares of Hornbeck Offshore Services (HOS) traded up $0.02 on Wednesday, reaching $3.84. 35,926 shares of the company traded hands, compared to its average volume of 578,340. Hornbeck Offshore Services has a 12 month low of $1.51 and a 12 month high of $8.52. The company has a market capitalization of $141.53, a PE ratio of -1.65 and a beta of 1.29. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.61 and a quick ratio of 3.61.

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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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