Hornbeck Offshore Services, Inc. (HOS) Director Acquires $17,664.63 in Stock

Hornbeck Offshore Services, Inc. (NYSE:HOS) Director Larry D. Hornbeck acquired 5,503 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The shares were bought at an average cost of $3.21 per share, with a total value of $17,664.63. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Shares of Hornbeck Offshore Services, Inc. (NYSE:HOS) traded up $0.18 during mid-day trading on Thursday, reaching $3.38. 195,740 shares of the company’s stock were exchanged, compared to its average volume of 356,411. Hornbeck Offshore Services, Inc. has a twelve month low of $1.51 and a twelve month high of $7.41. The stock has a market capitalization of $125.23, a PE ratio of -1.45 and a beta of 1.31. The company has a current ratio of 3.61, a quick ratio of 3.61 and a debt-to-equity ratio of 0.75.

Hornbeck Offshore Services (NYSE:HOS) last announced its earnings results on Wednesday, February 7th. The oil and gas company reported ($0.44) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.73) by $0.29. Hornbeck Offshore Services had a negative net margin of 48.34% and a negative return on equity of 7.00%. The business had revenue of $56.20 million during the quarter, compared to analysts’ expectations of $40.65 million. During the same period in the prior year, the company earned ($0.53) earnings per share. The firm’s revenue was up 34.1% on a year-over-year basis. sell-side analysts predict that Hornbeck Offshore Services, Inc. will post -2.92 earnings per share for the current year.

A number of brokerages have commented on HOS. Zacks Investment Research raised shares of Hornbeck Offshore Services from a “hold” rating to a “buy” rating and set a $4.50 target price for the company in a report on Monday, November 6th. ValuEngine raised shares of Hornbeck Offshore Services from a “strong sell” rating to a “sell” rating in a report on Thursday, November 9th. Finally, Credit Suisse Group cut shares of Hornbeck Offshore Services from a “neutral” rating to an “underperform” rating and set a $2.00 target price for the company. in a report on Friday, January 12th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $3.33.

A number of hedge funds have recently made changes to their positions in HOS. Brandes Investment Partners LP increased its holdings in Hornbeck Offshore Services by 316.7% during the third quarter. Brandes Investment Partners LP now owns 66,503 shares of the oil and gas company’s stock valued at $269,000 after buying an additional 50,545 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings 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 buying an additional 54,431 shares during the last quarter. Balyasny Asset Management LLC bought a new position in shares of Hornbeck Offshore Services in the second quarter worth approximately $568,000. JPMorgan Chase & Co. boosted its position in shares of Hornbeck Offshore Services by 374.5% in the second quarter. JPMorgan Chase & Co. now owns 262,542 shares of the oil and gas company’s stock worth $743,000 after purchasing an additional 207,212 shares during the period. Finally, KBC Group NV boosted its position in shares of Hornbeck Offshore Services by 20.9% in the third quarter. KBC Group NV now owns 208,249 shares of the oil and gas company’s stock worth $841,000 after purchasing an additional 35,934 shares during the period. 77.54% of the stock is owned by institutional investors and hedge funds.

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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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