Hornbeck Offshore Services (NYSE:HOS) was downgraded by equities research analysts at Credit Suisse Group from a “neutral” rating to an “underperform” rating in a report released on Friday, Marketbeat Ratings reports.

A number of other equities analysts have also recently commented on the stock. Zacks Investment Research cut shares of Hornbeck Offshore Services from a “hold” rating to a “sell” rating in a research note on Friday, January 5th. ValuEngine cut shares of Hornbeck Offshore Services from a “sell” rating to a “strong sell” rating in a research note on Sunday, December 31st. Three investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $4.00.

Hornbeck Offshore Services (HOS) traded down $0.10 during mid-day trading on Friday, reaching $3.85. 519,200 shares of the company’s stock were exchanged, compared to its average volume of 595,900. 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 fifty-two week low of $1.51 and a fifty-two week high of $8.52. The stock has a market cap of $142.64, a PE ratio of -1.65 and a beta of 1.29.

Hornbeck Offshore Services (NYSE:HOS) last released its quarterly earnings results on Wednesday, November 1st. The oil and gas company reported ($0.51) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.73) by $0.22. Hornbeck Offshore Services had a negative net margin of 48.34% and a negative return on equity of 7.00%. The business had revenue of $53.70 million during the quarter, compared to analysts’ expectations of $41.25 million. During the same quarter in the previous year, the company earned ($0.45) EPS. The business’s quarterly revenue was up 3.5% compared to the same quarter last year. sell-side analysts forecast that Hornbeck Offshore Services will post -2.92 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in shares of Hornbeck Offshore Services by 374.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 262,542 shares of the oil and gas company’s stock valued at $743,000 after purchasing an additional 207,212 shares in the last quarter. Balyasny Asset Management LLC purchased a new stake in shares of Hornbeck Offshore Services in the 2nd quarter valued at $568,000. Goldman Sachs Group Inc. boosted its stake in shares of Hornbeck Offshore Services by 86.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 117,476 shares of the oil and gas company’s stock valued at $332,000 after purchasing an additional 54,431 shares in the last quarter. Brookfield Asset Management Inc. purchased a new stake in shares of Hornbeck Offshore Services in the 2nd quarter valued at $991,000. Finally, Brandes Investment Partners LP boosted its stake in shares of Hornbeck Offshore Services by 316.7% in the 3rd quarter. Brandes Investment Partners LP now owns 66,503 shares of the oil and gas company’s stock valued at $269,000 after purchasing an additional 50,545 shares in the last quarter. 77.54% of the stock is owned by institutional investors.

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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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