Hornbeck Offshore Services (NYSE:HOS) Upgraded to Buy at Wall Street Zen

Key Points

• Wall Street Zen upgraded Hornbeck Offshore Services from “hold” to “buy.”
• HOS shares opened at $7.08, down 1.5%, with a market capitalization of approximately $1.04 billion and a 52-week range of $6.11 to $11.13.
• The company reported quarterly EPS of $0.15 on revenue of $304.02 million, while institutional investors and hedge funds own 91.33% of its stock.

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

Hornbeck Offshore Services Stock Down 1.5%

Shares of HOS stock opened at $7.08 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.47 and a quick ratio of 3.47. Hornbeck Offshore Services has a 52 week low of $6.11 and a 52 week high of $11.13. The stock has a market cap of $1.04 billion, a PE ratio of 22.12 and a beta of 1.23. The firm has a 50 day simple moving average of $7.82.

Hornbeck Offshore Services (NYSE:HOS - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $0.15 earnings per share for the quarter. The firm had revenue of $304.02 million for the quarter. Hornbeck Offshore Services had a return on equity of 2.95% and a net margin of 3.04%. Analysts expect that Hornbeck Offshore Services will post 0.28 EPS for the current fiscal year.

Institutional Trading of Hornbeck Offshore Services

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sterling Capital Management LLC purchased a new stake in Hornbeck Offshore Services during the third quarter worth about $25,000. GAMMA Investing LLC purchased a new position in Hornbeck Offshore Services in the third quarter valued at about $28,000. Versant Capital Management Inc purchased a new position in Hornbeck Offshore Services in the third quarter valued at about $37,000. State of Wyoming acquired a new stake in shares of Hornbeck Offshore Services during the 3rd quarter valued at approximately $62,000. Finally, Worth Asset Management LLC acquired a new stake in shares of Hornbeck Offshore Services during the 3rd quarter valued at approximately $82,000. Institutional investors and hedge funds own 91.33% of the company's stock.

Hornbeck Offshore Services Company Profile

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