Somewhat Positive News Coverage Somewhat Unlikely to Affect Hornbeck Offshore Services (HOS) Stock Price

News headlines about Hornbeck Offshore Services (NYSE:HOS) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Hornbeck Offshore Services earned a daily sentiment score of 0.07 on Accern’s scale. Accern also assigned news headlines about the oil and gas company an impact score of 45.7319182856526 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Shares of Hornbeck Offshore Services (NYSE HOS) traded down $0.18 during mid-day trading on Wednesday, reaching $3.10. The company’s stock had a trading volume of 303,949 shares, compared to its average volume of 305,367. The stock has a market capitalization of $125.56, a P/E ratio of 4.56 and a beta of 1.27. The company has a quick ratio of 5.08, a current ratio of 5.08 and a debt-to-equity ratio of 0.75. Hornbeck Offshore Services has a 52 week low of $1.51 and a 52 week high of $4.87.

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 company 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 6.73% and a net margin of 14.33%. Hornbeck Offshore Services’s revenue for the quarter was up 34.1% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.53) earnings per share. equities research analysts anticipate that Hornbeck Offshore Services will post -2.65 EPS for the current year.

A number of analysts have recently commented on the company. Credit Suisse Group downgraded 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. ValuEngine downgraded Hornbeck Offshore Services from a “sell” rating to a “strong sell” rating in a research report on Wednesday, November 15th. Finally, Zacks Investment Research downgraded Hornbeck Offshore Services from a “hold” rating to a “sell” rating in a research report on Tuesday, February 13th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Hornbeck Offshore Services presently has an average rating of “Hold” and an average price target of $3.33.

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About Hornbeck Offshore Services

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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