Hornbeck Offshore Services (HOS) Getting Somewhat Positive Media Coverage, Analysis Finds

Media coverage about Hornbeck Offshore Services (NYSE:HOS) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research firm scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Hornbeck Offshore Services earned a news sentiment score of 0.06 on Accern’s scale. Accern also assigned news coverage about the oil and gas company an impact score of 45.9301679330835 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the media stories that may have impacted Accern’s analysis:

Hornbeck Offshore Services (HOS) traded down $0.10 during trading on Thursday, reaching $3.58. 187,354 shares of the company’s stock traded hands, compared to its average volume of 510,300. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.61 and a quick ratio of 3.61. The company has a market capitalization of $134.86, a P/E ratio of -1.54 and a beta of 1.29. Hornbeck Offshore Services has a 1-year low of $1.51 and a 1-year high of $8.52.

Hornbeck Offshore Services (NYSE:HOS) last posted 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. The business had revenue of $53.70 million during the quarter, compared to the consensus estimate of $41.25 million. Hornbeck Offshore Services had a negative net margin of 48.34% and a negative return on equity of 7.00%. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.45) earnings per share. analysts predict that Hornbeck Offshore Services will post -2.92 earnings per share for the current year.

HOS has been the subject of several recent research reports. ValuEngine raised shares of Hornbeck Offshore Services from a “strong sell” rating to a “sell” rating in a research note on Thursday, November 9th. Zacks Investment Research raised shares of Hornbeck Offshore Services from a “sell” rating to a “hold” rating in a research note on Thursday, September 21st. Finally, Credit Suisse Group downgraded shares of Hornbeck Offshore Services from a “neutral” rating to an “underperform” rating and set a $2.00 price target for the company. in a research note on Friday, January 12th. Three analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $3.33.

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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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