Hornbeck Offshore Services’ (NYSE:HOS) “Neutral” Rating Reiterated at Seaport Global Securities

Seaport Global Securities reaffirmed their neutral rating on shares of Hornbeck Offshore Services (NYSE:HOS) in a research note issued to investors on Monday, August 7th. Seaport Global Securities also issued estimates for Hornbeck Offshore Services’ Q3 2017 earnings at ($0.73) EPS, Q4 2017 earnings at ($0.77) EPS, FY2017 earnings at ($3.18) EPS, Q1 2018 earnings at ($0.75) EPS, Q2 2018 earnings at ($0.70) EPS, Q3 2018 earnings at ($0.66) EPS, Q4 2018 earnings at ($0.69) EPS, FY2018 earnings at ($2.80) EPS, Q1 2019 earnings at ($0.65) EPS, Q2 2019 earnings at ($0.59) EPS and FY2019 earnings at ($2.45) EPS.

HOS has been the subject of a number of other reports. Zacks Investment Research raised Hornbeck Offshore Services from a sell rating to a hold rating in a report on Tuesday, June 6th. Piper Jaffray Companies reaffirmed a hold rating and issued a $3.50 price target on shares of Hornbeck Offshore Services in a report on Thursday, August 3rd. Finally, ValuEngine downgraded Hornbeck Offshore Services from a sell rating to a strong sell rating in a report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $4.75.

Shares of Hornbeck Offshore Services (NYSE:HOS) opened at 2.61 on Monday. The firm’s market capitalization is $96.64 million. The company has a 50-day moving average of $2.56 and a 200-day moving average of $3.41. Hornbeck Offshore Services has a 1-year low of $1.51 and a 1-year high of $9.07.

Hornbeck Offshore Services (NYSE:HOS) last announced its quarterly earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.82) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.79) by $0.03. The business had revenue of $37.40 million during the quarter, compared to analyst estimates of $37.13 million. Hornbeck Offshore Services had a negative net margin of 47.42% and a negative return on equity of 6.72%. The business’s revenue for the quarter was down 30.4% compared to the same quarter last year. During the same period last year, the company earned ($0.57) earnings per share. Equities research analysts predict that Hornbeck Offshore Services will post ($2.98) EPS for the current fiscal year.

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Large investors have recently bought and sold shares of the stock. Menta Capital LLC purchased a new stake in Hornbeck Offshore Services during the first quarter valued at $114,000. Comerica Bank increased its stake in Hornbeck Offshore Services by 1.7% in the first quarter. Comerica Bank now owns 34,874 shares of the oil and gas company’s stock valued at $123,000 after buying an additional 576 shares during the last quarter. State of Tennessee Treasury Department increased its stake in Hornbeck Offshore Services by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 30,395 shares of the oil and gas company’s stock valued at $135,000 after buying an additional 4,587 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in Hornbeck Offshore Services by 3,278.6% in the first quarter. Tower Research Capital LLC TRC now owns 32,029 shares of the oil and gas company’s stock valued at $142,000 after buying an additional 31,081 shares during the last quarter. Finally, MML Investors Services LLC increased its stake in Hornbeck Offshore Services by 17.3% in the second quarter. MML Investors Services LLC now owns 54,300 shares of the oil and gas company’s stock valued at $154,000 after buying an additional 8,000 shares during the last quarter. 97.45% of the stock is owned by institutional investors and hedge funds.

About Hornbeck Offshore Services

Hornbeck Offshore Services Inc provides marine transportation, subsea installation and accommodation support services to exploration and production, oilfield service, offshore construction and the United States military customers. The Company focuses on providing marine solutions for the deepwater and ultradeepwater energy industry in domestic and select foreign locations.

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