ValuEngine Downgrades Hornbeck Offshore Services (NYSE:HOS) to Hold

Hornbeck Offshore Services (NYSE:HOS) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research report issued on Friday, ValuEngine reports.

Shares of NYSE HOS remained flat at $$0.59 during mid-day trading on Friday. The stock had a trading volume of 36,321 shares, compared to its average volume of 122,220. The firm has a market cap of $21.70 million, a price-to-earnings ratio of -0.18 and a beta of 2.01. Hornbeck Offshore Services has a 12 month low of $0.40 and a 12 month high of $4.22. The company has a quick ratio of 0.86, a current ratio of 0.26 and a debt-to-equity ratio of 0.87. The stock has a 50 day moving average price of $0.68 and a 200-day moving average price of $0.99.

Hornbeck Offshore Services (NYSE:HOS) last released its earnings results on Wednesday, October 30th. The oil and gas company reported ($1.09) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.90) by ($0.19). The business had revenue of $52.83 million for the quarter. Hornbeck Offshore Services had a negative return on equity of 11.12% and a negative net margin of 61.65%.

An institutional investor recently raised its position in Hornbeck Offshore Services stock. Vanguard Group Inc. lifted its holdings in shares of Hornbeck Offshore Services, Inc. (NYSE:HOS) by 93.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,699,305 shares of the oil and gas company’s stock after purchasing an additional 819,984 shares during the period. Vanguard Group Inc. owned about 4.49% of Hornbeck Offshore Services worth $2,124,000 at the end of the most recent reporting period. Institutional investors own 56.29% 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 United States 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 Gulf of Mexico in the U.S., Latin America, and internationally.

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