Hornbeck Offshore Services (NYSE:HOS) Expected to Announce Earnings of -$0.80 Per Share

Equities analysts expect Hornbeck Offshore Services (NYSE:HOS) to post earnings of ($0.80) per share for the current quarter, according to Zacks. Two analysts have made estimates for Hornbeck Offshore Services’ earnings. The lowest EPS estimate is ($0.82) and the highest is ($0.78). Hornbeck Offshore Services reported earnings of ($0.57) per share during the same quarter last year, which would indicate a negative year over year growth rate of 40.4%. The firm is expected to report its next earnings report after the market closes on Wednesday, August 2nd.

According to Zacks, analysts expect that Hornbeck Offshore Services will report full-year earnings of ($3.10) per share for the current financial year, with EPS estimates ranging from ($3.31) to ($2.89). For the next year, analysts expect that the firm will post earnings of ($2.49) per share, with EPS estimates ranging from ($2.79) to ($1.93). Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Hornbeck Offshore Services.

Several research analysts recently weighed in on the stock. Zacks Investment Research raised shares of Hornbeck Offshore Services from a “sell” rating to a “hold” rating in a report on Tuesday, June 6th. Seaport Global Securities downgraded shares of Hornbeck Offshore Services from a “buy” rating to a “neutral” rating in a report on Friday, June 2nd. Finally, ValuEngine downgraded shares of Hornbeck Offshore Services from a “sell” rating to a “strong sell” rating in a report on Friday, June 2nd. Four equities research analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The company presently has a consensus rating of “Sell” and an average price target of $6.00.

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A number of hedge funds and other institutional investors have recently modified their holdings of the company. Comerica Bank increased its position in shares of Hornbeck Offshore Services by 1.7% in the first quarter. Comerica Bank now owns 34,874 shares of the oil and gas company’s stock valued at $123,000 after buying an additional 576 shares in the last quarter. State of Tennessee Treasury Department increased its position in shares of Hornbeck Offshore Services by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 30,395 shares of the oil and gas company’s stock valued at $135,000 after buying an additional 4,587 shares in the last quarter. Great West Life Assurance Co. Can increased its position in shares of Hornbeck Offshore Services by 12.6% in the first quarter. Great West Life Assurance Co. Can now owns 48,276 shares of the oil and gas company’s stock valued at $214,000 after buying an additional 5,398 shares in the last quarter. Teachers Advisors LLC increased its position in shares of Hornbeck Offshore Services by 9.6% in the fourth quarter. Teachers Advisors LLC now owns 71,850 shares of the oil and gas company’s stock valued at $519,000 after buying an additional 6,308 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Hornbeck Offshore Services by 3.7% in the first quarter. Geode Capital Management LLC now owns 225,599 shares of the oil and gas company’s stock valued at $999,000 after buying an additional 8,051 shares in the last quarter. 97.45% of the stock is owned by institutional investors.

Hornbeck Offshore Services (HOS) traded up 9.52% during midday trading on Wednesday, reaching $2.76. The company had a trading volume of 625,197 shares. The firm has a 50-day moving average price of $2.29 and a 200-day moving average price of $4.60. The company’s market capitalization is $101.48 million. Hornbeck Offshore Services has a 52 week low of $1.51 and a 52 week high of $9.62.

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

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