Wall Street Zen upgraded shares of Hornbeck Offshore Services (NYSE:HOS – Free Report) from a hold rating to a buy rating in a research note issued to investors on Saturday morning,Wall Street Zen reports.
Hornbeck Offshore Services Stock Down 1.8%
Shares of NYSE HOS opened at $6.97 on Friday. Hornbeck Offshore Services has a 12 month low of $6.11 and a 12 month high of $11.13. The company has a market capitalization of $1.03 billion, a price-to-earnings ratio of 22.19 and a beta of 1.23. The company has a current ratio of 3.47, a quick ratio of 3.47 and a debt-to-equity ratio of 0.19.
Hornbeck Offshore Services (NYSE:HOS – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $0.15 earnings per share for the quarter. The company had revenue of $304.02 million during the quarter. Hornbeck Offshore Services had a return on equity of 2.95% and a net margin of 3.04%. On average, equities research analysts expect that Hornbeck Offshore Services will post 0.28 EPS for the current year.
Institutional Trading of Hornbeck Offshore Services
A number of hedge funds have recently bought and sold shares of the stock. Assenagon Asset Management S.A. acquired a new stake in Hornbeck Offshore Services in the 3rd quarter worth $15,012,000. Nisa Investment Advisors LLC acquired a new position in shares of Hornbeck Offshore Services during the third quarter valued at about $542,000. Oppenheimer & Co. Inc. acquired a new position in shares of Hornbeck Offshore Services during the third quarter valued at about $346,000. Yousif Capital Management LLC bought a new stake in shares of Hornbeck Offshore Services in the third quarter valued at about $269,000. Finally, State of Alaska Department of Revenue bought a new stake in shares of Hornbeck Offshore Services in the third quarter valued at about $212,000. 91.33% of the stock is owned by institutional investors.
Hornbeck Offshore Services Company Profile
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