Hornbeck Offshore Services (NYSE:HOS) CEO Todd Hornbeck Purchases 91,296 Shares of Stock

Hornbeck Offshore Services, Inc. (NYSE:HOS) CEO Todd Hornbeck acquired 91,296 shares of Hornbeck Offshore Services stock in a transaction dated Wednesday, November 11th. The shares were bought at an average cost of $5.48 per share, with a total value of $500,302.08. Following the transaction, the chief executive officer owned 5,950,514 shares in the company, valued at approximately $32,608,816.72. This trade represents a 1.56% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Hornbeck Offshore Services Stock Up 4.4%

NYSE:HOS opened at $5.82 on Friday. The company has a quick ratio of 3.47, a current ratio of 2.00 and a debt-to-equity ratio of 0.35. Hornbeck Offshore Services, Inc. has a twelve month low of $5.14 and a twelve month high of $11.13. The company has a fifty day moving average of $7.44. The company has a market cap of $857.01 million, a price-to-earnings ratio of -20.77 and a beta of 1.31.

Hornbeck Offshore Services (NYSE:HOS) last issued its earnings results on Monday, November 9th. The company reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.59). Hornbeck Offshore Services had a positive return on equity of 3.12% and a negative net margin of 5.58%. During the same quarter in the prior year, the business earned $0.28 EPS. On average, analysts anticipate that Hornbeck Offshore Services, Inc. will post 0.28 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Valueworks LLC bought a new position in shares of Hornbeck Offshore Services in the third quarter valued at $28,572,000. Boston Partners bought a new stake in shares of Hornbeck Offshore Services during the third quarter worth about $20,400,000. Assenagon Asset Management S.A. bought a new stake in shares of Hornbeck Offshore Services during the third quarter worth about $15,012,000. Edgestream Partners L.P. bought a new stake in shares of Hornbeck Offshore Services during the third quarter worth about $7,385,000. Finally, First Trust Advisors LP acquired a new stake in shares of Hornbeck Offshore Services in the 3rd quarter worth about $4,218,000. Institutional investors and hedge funds own 91.33% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen lowered shares of Hornbeck Offshore Services from a “buy” rating to a “hold” rating in a report on Monday.

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. Gulf of Mexico and select international markets.