Hornbeck Offshore Services, Inc. (NYSE:HOS – Get Free Report)’s stock price reached a new 52-week low during mid-day trading on Wednesday. The company traded as low as $6.08 and last traded at $6.1050, with a volume of 89,789 shares trading hands. The stock had previously closed at $6.25.
Analysts Set New Price Targets
Separately, Wall Street Zen upgraded Hornbeck Offshore Services from a “hold” rating to a “buy” rating in a report on Sunday.
Check Out Our Latest Analysis on Hornbeck Offshore Services
Hornbeck Offshore Services Stock Down 1.7%
The company has a current ratio of 3.47, a quick ratio of 3.47 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $905.65 million, a PE ratio of 22.73 and a beta of 1.31. The stock’s fifty day simple moving average is $7.75.
Hornbeck Offshore Services (NYSE:HOS – Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported $0.15 earnings per share (EPS) for the quarter. Hornbeck Offshore Services had a return on equity of 2.95% and a net margin of 3.04%. The company had revenue of $304.02 million during the quarter. On average, equities research analysts forecast that Hornbeck Offshore Services, Inc. will post 0.28 EPS for the current fiscal year.
Hedge Funds Weigh In On Hornbeck Offshore Services
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pictet Asset Management Holding SA acquired a new position in shares of Hornbeck Offshore Services in the 3rd quarter valued at $185,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Hornbeck Offshore Services in the 3rd quarter valued at $154,000. CenterBook Partners LP purchased a new position in shares of Hornbeck Offshore Services in the 3rd quarter valued at $409,000. Calamos Advisors LLC acquired a new stake in Hornbeck Offshore Services during the 3rd quarter worth $123,000. Finally, Inscription Capital LLC acquired a new stake in Hornbeck Offshore Services during the 3rd quarter worth $204,000. 91.33% of the stock is owned by institutional investors and hedge funds.
About Hornbeck Offshore Services
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