Key Points
- CEO Todd Hornbeck purchased 189,570 shares at an average of $5.28, investing about $1.0 million and increasing his ownership by 3.34% to 5,859,218 shares.
- Hornbeck Offshore reported a quarterly loss of $0.40 per share, missing analyst expectations of $0.19 earnings per share; it also posted a negative net margin of 5.58%.
- Wall Street Zen downgraded the stock from “buy” to “hold.” HOS opened at $5.82, below its 50-day moving average of $7.44.
Hornbeck Offshore Services, Inc. (NYSE:HOS - Get Free Report) CEO Todd Hornbeck acquired 91,296 shares of the stock in a transaction dated Wednesday, November 11th. The stock was bought at an average cost of $5.48 per share, with a total value of $500,302.08. Following the completion of the purchase, the chief executive officer owned 5,950,514 shares of the company's stock, valued at approximately $32,608,816.72. The trade was a 1.56% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Hornbeck Offshore Services Stock Up 4.4%
HOS stock opened at $5.82 on Friday. Hornbeck Offshore Services, Inc. has a twelve month low of $5.14 and a twelve month high of $11.13. The company has a quick ratio of 3.47, a current ratio of 2.00 and a debt-to-equity ratio of 0.35. The firm has a 50 day moving average of $7.44. The company has a market capitalization of $857.01 million, a price-to-earnings ratio of -20.77 and a beta of 1.31.
Hornbeck Offshore Services (NYSE:HOS - Get Free Report) last announced its quarterly 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 period in the prior year, the company posted $0.28 EPS. On average, equities research analysts anticipate that Hornbeck Offshore Services, Inc. will post 0.28 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Separately, Wall Street Zen cut Hornbeck Offshore Services from a "buy" rating to a "hold" rating in a research note on Monday.
View Our Latest Stock Analysis on HOS
Institutional Investors Weigh In On Hornbeck Offshore Services
A number of hedge funds have recently modified their holdings of HOS. Sterling Capital Management LLC purchased a new position in Hornbeck Offshore Services in the third quarter valued at approximately $25,000. Group One Trading LLC purchased a new stake in Hornbeck Offshore Services in the third quarter worth $27,000. GAMMA Investing LLC purchased a new stake in Hornbeck Offshore Services in the third quarter worth $28,000. Versant Capital Management Inc purchased a new stake in Hornbeck Offshore Services in the third quarter worth $37,000. Finally, State of Wyoming bought a new stake in shares of Hornbeck Offshore Services in the third quarter valued at $62,000. Institutional investors own 91.33% of the company's stock.
Hornbeck Offshore Services Company Profile
(
Get Free Report)
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.
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