Hornbeck Offshore Services (NYSE:HOS) Stock Rating Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of Hornbeck Offshore Services (NYSE:HOS) from a buy rating to a hold rating in a research report released on Monday,Wall Street Zen reports.

Hornbeck Offshore Services Stock Up 1.2%

NYSE HOS opened at $5.38 on Monday. The firm has a market capitalization of $792.17 million, a P/E ratio of -19.20 and a beta of 1.31. The company has a quick ratio of 3.47, a current ratio of 3.47 and a debt-to-equity ratio of 0.19. Hornbeck Offshore Services has a twelve month low of $5.16 and a twelve month high of $11.13. The firm has a fifty day moving average of $7.56.

Hornbeck Offshore Services (NYSE:HOS) last announced its earnings results on Monday, November 9th. The company reported ($0.40) EPS for the quarter, missing the consensus estimate of $0.19 by ($0.59). Hornbeck Offshore Services had a positive return on equity of 3.34% and a negative net margin of 5.58%. During the same period last year, the company earned $0.28 EPS. Research analysts expect that Hornbeck Offshore Services will post 0.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hornbeck Offshore Services

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Intech Investment Management LLC acquired a new stake in Hornbeck Offshore Services during the 3rd quarter valued at approximately $212,000. Royce & Associates LP acquired a new position in shares of Hornbeck Offshore Services in the 3rd quarter worth approximately $3,703,000. Maryland State Retirement & Pension System acquired a new position in shares of Hornbeck Offshore Services in the 3rd quarter worth approximately $238,000. Illinois Municipal Retirement Fund acquired a new position in shares of Hornbeck Offshore Services in the 3rd quarter worth approximately $617,000. Finally, Allspring Global Investments Holdings LLC bought a new stake in shares of Hornbeck Offshore Services in the 3rd quarter valued at $505,000. 91.33% of the stock is owned by institutional investors and hedge funds.

Hornbeck Offshore Services Company Profile

Hornbeck Offshore Services provides marine transportation and support services for the offshore oil and gas industry. Its fleet includes offshore supply vessels and multi-purpose support vessels that carry equipment and supplies, assist with construction and subsea work, and support exploration, development and production activities.

Founded in 1997, the company has focused on serving deepwater and other demanding offshore operations. Its vessels and services support customers in the U.S.