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 Hornbeck Offshore Services stock in a transaction that occurred on Tuesday, February 6th. The stock was acquired at an average cost of $3.21 per share, with a total value of $17,664.63. Following the purchase, the director now directly owns 272,116 shares of the company’s stock, valued at $873,492.36. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.

Shares of Hornbeck Offshore Services, Inc. (HOS) traded up $0.09 during mid-day trading on Friday, hitting $3.47. The stock had a trading volume of 101,457 shares, compared to its average volume of 343,560. The firm has a market capitalization of $118.56, a P/E ratio of 4.97 and a beta of 1.32. 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, Inc. has a 1-year low of $1.51 and a 1-year high of $7.09.

Hornbeck Offshore Services (NYSE:HOS) last issued its quarterly earnings results on Wednesday, February 7th. The oil and gas company reported ($0.44) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.73) by $0.29. The business had revenue of $56.20 million for the quarter, compared to the consensus estimate of $40.65 million. Hornbeck Offshore Services had a negative return on equity of 6.82% and a net margin of 14.33%. The business’s quarterly revenue was up 34.1% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.53) earnings per share. sell-side analysts forecast that Hornbeck Offshore Services, Inc. will post -2.74 earnings per share for the current year.

A number of brokerages recently commented on HOS. 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 downgraded Hornbeck Offshore Services from a “hold” rating to a “sell” rating in a research report on Friday, January 5th. Finally, Credit Suisse Group downgraded Hornbeck Offshore Services from a “neutral” rating to an “underperform” rating and set a $2.00 price target on the stock. in a research 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 stock. The company has an average rating of “Hold” and a consensus target price of $3.33.

Hedge funds have recently modified their holdings of the company. Brandes Investment Partners LP increased its position in shares of 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 worth $269,000 after purchasing an additional 50,545 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of 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 worth $332,000 after purchasing an additional 54,431 shares in the last quarter. Balyasny Asset Management LLC acquired a new position in shares of Hornbeck Offshore Services during the second quarter worth $568,000. JPMorgan Chase & Co. increased its position in shares of 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 worth $743,000 after purchasing an additional 207,212 shares in the last quarter. Finally, KBC Group NV grew its holdings in shares of Hornbeck Offshore Services by 20.9% during the third quarter. KBC Group NV now owns 208,249 shares of the oil and gas company’s stock valued at $841,000 after buying an additional 35,934 shares during the last quarter. 77.54% of the stock is currently 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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