Analysts Set Expectations for Hornbeck Offshore Services, Inc.’s FY2019 Earnings (HOS)

Hornbeck Offshore Services, Inc. (NYSE:HOS) – Equities researchers at Capital One Financial issued their FY2019 earnings per share (EPS) estimates for Hornbeck Offshore Services in a research note issued to investors on Friday. Capital One Financial analyst J. Gibney forecasts that the oil and gas company will earn ($2.31) per share for the year.

Several other research analysts have also issued reports on the stock. ValuEngine raised shares of Hornbeck Offshore Services from a “strong sell” rating to a “sell” rating in a research note on Thursday, November 9th. Credit Suisse Group lowered shares of Hornbeck Offshore Services from a “neutral” rating to an “underperform” rating and set a $2.00 target price on the stock. in a research note on Friday, January 12th. Finally, Zacks Investment Research raised shares of Hornbeck Offshore Services from a “hold” rating to a “buy” rating and set a $4.50 target price on the stock in a research note on Monday, November 6th. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company. Hornbeck Offshore Services has an average rating of “Hold” and a consensus target price of $3.33.

Hornbeck Offshore Services (HOS) opened at $3.48 on Monday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.61 and a current ratio of 3.61. Hornbeck Offshore Services has a one year low of $1.51 and a one year high of $7.09.

Hornbeck Offshore Services (NYSE:HOS) last posted its quarterly earnings data on Wednesday, February 7th. The oil and gas company reported ($0.44) earnings per share for the quarter, beating the consensus estimate of ($0.73) by $0.29. The firm had revenue of $56.20 million during the quarter, compared to analysts’ expectations of $40.65 million. Hornbeck Offshore Services had a net margin of 14.33% and a negative return on equity of 6.73%. The company’s quarterly revenue was up 34.1% compared to the same quarter last year. During the same quarter last year, the company posted ($0.53) EPS.

Hedge funds and other institutional investors have recently modified their holdings of the company. Monashee Investment Management LLC bought a new position in Hornbeck Offshore Services during the 4th quarter worth approximately $115,000. Brandes Investment Partners LP boosted its stake in Hornbeck Offshore Services by 316.7% during the 3rd quarter. Brandes Investment Partners LP now owns 66,503 shares of the oil and gas company’s stock worth $269,000 after acquiring an additional 50,545 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in Hornbeck Offshore Services by 86.3% during the 2nd quarter. Goldman Sachs Group Inc. now owns 117,476 shares of the oil and gas company’s stock worth $332,000 after acquiring an additional 54,431 shares during the last quarter. Balyasny Asset Management LLC bought a new position in Hornbeck Offshore Services during the 2nd quarter worth approximately $568,000. Finally, JPMorgan Chase & Co. boosted its stake in Hornbeck Offshore Services by 374.5% during the 2nd quarter. JPMorgan Chase & Co. now owns 262,542 shares of the oil and gas company’s stock worth $743,000 after acquiring an additional 207,212 shares during the last quarter. 77.58% of the stock is currently owned by institutional investors.

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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.

Earnings History and Estimates for Hornbeck Offshore Services (NYSE:HOS)

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