Hornbeck Offshore Services (NYSE:HOS) Stock Rating Raised to "Buy" at Wall Street Zen

Key Points

• Wall Street Zen upgraded Hornbeck Offshore Services from “hold” to “buy,” while the stock was reported at $7.08, up 7.8%.
• Hornbeck reported quarterly EPS of $0.15 on revenue of $304.02 million; analysts expect full-year EPS of $0.28.
• Institutional investors own 91.33% of the company, with several funds initiating new positions during the third quarter.

Hornbeck Offshore Services (NYSE:HOS - Get Free Report) was upgraded by stock analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a note issued to investors on Saturday, Wall Street Zen reports.

Hornbeck Offshore Services Stock Up 7.8%

HOS opened at $7.08 on Friday. Hornbeck Offshore Services has a 12 month low of $6.11 and a 12 month high of $11.13. The company has a market capitalization of $1.04 billion, a P/E ratio of 20.53 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 (NYSE:HOS - Get Free Report) last issued its 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 business had revenue of $304.02 million during the quarter. As a group, equities analysts forecast that Hornbeck Offshore Services will post 0.28 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hornbeck Offshore Services

Institutional investors and hedge funds have recently modified their holdings of the stock. Assenagon Asset Management S.A. purchased a new stake in shares of Hornbeck Offshore Services in the 3rd quarter valued at approximately $15,012,000. Nisa Investment Advisors LLC acquired a new position in shares of Hornbeck Offshore Services during the 3rd quarter valued at about $542,000. Yousif Capital Management LLC purchased a new stake in shares of Hornbeck Offshore Services during the 3rd quarter valued at about $269,000. State of Alaska Department of Revenue acquired a new position in shares of Hornbeck Offshore Services in the 3rd quarter valued at approximately $212,000. Finally, Steinberganna Wealth Management acquired a new position in Hornbeck Offshore Services during the 3rd quarter worth $189,000. Institutional investors and hedge funds own 91.33% of the company's stock.

About Hornbeck Offshore Services

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