Hornbeck Offshore Services (NYSE:HOS – Get Free Report) was upgraded by research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Sunday, Wall Street Zen reports.
Hornbeck Offshore Services Stock Performance
Shares of Hornbeck Offshore Services stock opened at $6.43 on Friday. The company’s fifty day simple moving average is $7.78. The company has a market cap of $948.39 million, a PE ratio of 22.16 and a beta of 1.23. 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 52 week low of $6.11 and a 52 week high of $11.13.
Hornbeck Offshore Services (NYSE:HOS – Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $0.15 earnings per share for the quarter. Hornbeck Offshore Services had a return on equity of 2.95% and a net margin of 3.04%. The firm had revenue of $304.02 million for the quarter. As a group, research analysts forecast that Hornbeck Offshore Services will post 0.28 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the stock. Sterling Capital Management LLC acquired a new stake in shares of Hornbeck Offshore Services in the third quarter valued at approximately $25,000. GAMMA Investing LLC bought a new position in Hornbeck Offshore Services during the third quarter worth about $28,000. Versant Capital Management Inc acquired a new stake in shares of Hornbeck Offshore Services in the third quarter valued at approximately $37,000. State of Wyoming acquired a new stake in shares of Hornbeck Offshore Services in the third quarter valued at approximately $62,000. Finally, Worth Asset Management LLC bought a new position in shares of Hornbeck Offshore Services during the 3rd quarter worth approximately $82,000. Institutional investors and hedge funds own 91.33% of the company’s stock.
Hornbeck Offshore Services Company Profile
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