Analysts Set Expectations for Hornbeck Offshore Services, Inc.’s FY2019 Earnings (HOS)
Hornbeck Offshore Services, Inc. (NYSE:HOS) – Equities researchers at Capital One Financial issued their FY2019 earnings estimates for shares of Hornbeck Offshore Services in a note issued to investors on Friday. Capital One Financial analyst J. Gibney expects that the oil and gas company will post earnings per share of ($2.31) for the year.
Hornbeck Offshore Services (NYSE:HOS) last posted its earnings results on Wednesday, February 7th. The oil and gas company reported ($0.44) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.73) by $0.29. Hornbeck Offshore Services had a negative return on equity of 6.73% and a net margin of 14.33%. The firm had revenue of $56.20 million for the quarter, compared to analysts’ expectations of $40.65 million. During the same period in the previous year, the firm earned ($0.53) earnings per share. The business’s revenue was up 34.1% compared to the same quarter last year.
Hornbeck Offshore Services (NYSE:HOS) opened at $3.48 on Monday. The company has a current ratio of 3.61, a quick ratio of 3.61 and a debt-to-equity ratio of 0.75. Hornbeck Offshore Services has a 12 month low of $1.51 and a 12 month high of $7.09.
A number of hedge funds have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership purchased a new stake in Hornbeck Offshore Services in the second quarter worth $1,957,000. California Public Employees Retirement System grew its stake in Hornbeck Offshore Services by 3.8% in the fourth quarter. California Public Employees Retirement System now owns 656,630 shares of the oil and gas company’s stock worth $2,042,000 after purchasing an additional 23,957 shares during the period. Brookfield Asset Management Inc. purchased a new stake in Hornbeck Offshore Services in the second quarter worth $991,000. JPMorgan Chase & Co. grew its stake in Hornbeck Offshore Services by 374.5% in 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 during the period. Finally, KBC Group NV grew its stake in Hornbeck Offshore Services by 20.9% in the third quarter. KBC Group NV now owns 208,249 shares of the oil and gas company’s stock worth $841,000 after purchasing an additional 35,934 shares during the period. 77.58% of the stock is currently owned by institutional investors.
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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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