An issue of Hornbeck Offshore Services (NYSE:HOS) bonds rose 1.5% against their face value during trading on Wednesday. The high-yield issue of debt has a 5.875% coupon and is set to mature on April 1, 2020. The debt is now trading at $67.50 and was trading at $63.25 last week. Price moves in a company’s bonds in credit markets often predict parallel moves in its stock price.

Several equities research analysts have issued reports on the company. Zacks Investment Research cut Hornbeck Offshore Services from a “hold” rating to a “sell” rating in a research note on Tuesday, February 13th. ValuEngine raised Hornbeck Offshore Services from a “hold” rating to a “buy” rating in a research note on Wednesday, May 2nd. Three analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. Hornbeck Offshore Services has an average rating of “Sell” and a consensus price target of $3.33.

HOS stock opened at $3.21 on Thursday. The company has a quick ratio of 3.99, a current ratio of 3.99 and a debt-to-equity ratio of 0.77. The firm has a market cap of $115.86 million, a price-to-earnings ratio of -1.29 and a beta of 1.21. Hornbeck Offshore Services has a 52-week low of $3.15 and a 52-week high of $3.27.

Hornbeck Offshore Services (NYSE:HOS) last posted its earnings results on Wednesday, May 2nd. The oil and gas company reported ($1.04) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.71) by ($0.33). The business had revenue of $41.59 million for the quarter, compared to analyst estimates of $50.37 million. Hornbeck Offshore Services had a negative return on equity of 7.48% and a net margin of 8.82%. equities research analysts anticipate that Hornbeck Offshore Services will post -2.99 earnings per share for the current fiscal year.

A number of hedge funds have recently bought and sold shares of the business. Millennium Management LLC increased its stake in Hornbeck Offshore Services by 59.1% during the first quarter. Millennium Management LLC now owns 404,031 shares of the oil and gas company’s stock worth $1,176,000 after acquiring an additional 150,066 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Hornbeck Offshore Services by 722.0% during the first quarter. JPMorgan Chase & Co. now owns 201,713 shares of the oil and gas company’s stock worth $587,000 after acquiring an additional 177,174 shares during the last quarter. Renaissance Technologies LLC acquired a new stake in Hornbeck Offshore Services during the fourth quarter worth $151,000. MML Investors Services LLC increased its stake in Hornbeck Offshore Services by 117.3% during the fourth quarter. MML Investors Services LLC now owns 138,224 shares of the oil and gas company’s stock worth $430,000 after acquiring an additional 74,603 shares during the last quarter. Finally, Monashee Investment Management LLC acquired a new stake in Hornbeck Offshore Services during the fourth quarter worth $115,000. 64.16% of the stock is owned by institutional investors.

Hornbeck Offshore Services Company Profile

Hornbeck Offshore Services, Inc, together with its subsidiaries, provides marine transportation, subsea installation, and accommodation support services to exploration and production, oilfield service, offshore construction, and the U.S. military customers. It operates offshore supply vessels (OSVs), multi-purpose support vessels (MPSVs), and a shore-based facility to provide logistics support and specialty services to the offshore oil and gas exploration and production industry, primarily in the U.S.

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