Hornbeck Offshore Services (NYSE:HOS) Stock: Insider Todd Hornbeck Buys 91,296 Shares

Hornbeck Offshore Services, Inc. (NYSE:HOS) CEO Todd Hornbeck acquired 91,296 shares of the firm’s stock in a transaction that occurred on Wednesday, November 11th. The stock was acquired at an average price of $5.48 per share, with a total value of $500,302.08. Following the completion of the transaction, the chief executive officer directly owned 5,950,514 shares in the company, valued at $32,608,816.72. This trade represents a 1.56% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Hornbeck Offshore Services Stock Performance

NYSE HOS opened at $5.58 on Thursday. The business’s 50 day simple moving average is $7.47. Hornbeck Offshore Services, Inc. has a 52-week low of $5.14 and a 52-week high of $11.13. The company has a current ratio of 2.00, a quick ratio of 3.47 and a debt-to-equity ratio of 0.35. The company has a market cap of $821.64 million, a PE ratio of -19.91 and a beta of 1.31.

Hornbeck Offshore Services (NYSE:HOS) last announced its earnings results on Monday, November 9th. The company reported ($0.40) 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 last year, the company earned $0.28 EPS. On average, analysts predict that Hornbeck Offshore Services, Inc. will post 0.28 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Valueworks LLC acquired a new position in shares of Hornbeck Offshore Services during the third quarter worth about $28,572,000. Boston Partners acquired a new stake in Hornbeck Offshore Services in the 3rd quarter valued at approximately $20,400,000. Assenagon Asset Management S.A. acquired a new stake in Hornbeck Offshore Services in the 3rd quarter valued at approximately $15,012,000. Edgestream Partners L.P. acquired a new stake in Hornbeck Offshore Services in the 3rd quarter valued at approximately $7,385,000. Finally, Royce & Associates LP bought a new stake in Hornbeck Offshore Services in the 3rd quarter valued at approximately $3,703,000. 91.33% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

About Hornbeck Offshore Services

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.