ValuEngine upgraded shares of Hornbeck Offshore Services (NYSE:HOS) from a hold rating to a buy rating in a report issued on Wednesday morning.

HOS has been the topic of several other reports. Zacks Investment Research raised shares of Hornbeck Offshore Services from a hold rating to a buy rating and set a $4.75 price target on the stock in a research note on Wednesday, September 19th. Clarkson Capital raised shares of Hornbeck Offshore Services from a neutral rating to a buy rating in a research note on Friday, June 22nd.

HOS stock opened at $5.27 on Wednesday. The company has a market cap of $201.51 million, a price-to-earnings ratio of -2.12 and a beta of 1.36. Hornbeck Offshore Services has a one year low of $2.68 and a one year high of $5.42. The company has a current ratio of 3.00, a quick ratio of 3.00 and a debt-to-equity ratio of 0.79.

Hornbeck Offshore Services (NYSE:HOS) last posted its quarterly earnings results on Wednesday, August 1st. The oil and gas company reported ($0.67) EPS for the quarter, topping the consensus estimate of ($0.73) by $0.06. The firm had revenue of $58.43 million for the quarter, compared to the consensus estimate of $56.50 million. Hornbeck Offshore Services had a net margin of 5.27% and a negative return on equity of 7.13%. analysts anticipate that Hornbeck Offshore Services will post -3.12 EPS for the current year.

Several hedge funds have recently made changes to their positions in HOS. Gagnon Securities LLC boosted its holdings in shares of Hornbeck Offshore Services by 94.6% during the 2nd quarter. Gagnon Securities LLC now owns 31,469 shares of the oil and gas company’s stock valued at $125,000 after buying an additional 15,294 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of Hornbeck Offshore Services by 154.1% during the 1st quarter. Royal Bank of Canada now owns 48,550 shares of the oil and gas company’s stock valued at $141,000 after buying an additional 29,440 shares in the last quarter. Sheets Smith Wealth Management bought a new stake in shares of Hornbeck Offshore Services during the 2nd quarter valued at $220,000. Northern Trust Corp boosted its holdings in shares of Hornbeck Offshore Services by 18.5% during the 2nd quarter. Northern Trust Corp now owns 129,572 shares of the oil and gas company’s stock valued at $513,000 after buying an additional 20,256 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Hornbeck Offshore Services by 722.0% during the 1st quarter. JPMorgan Chase & Co. now owns 201,713 shares of the oil and gas company’s stock valued at $587,000 after buying an additional 177,174 shares in the last quarter. Hedge funds and other institutional investors own 60.73% of the company’s stock.

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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