Hornbeck Offshore Services (NYSE:HOS) Share Price Passes Above 200-Day Moving Average of $1.18

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Hornbeck Offshore Services, Inc. (NYSE:HOS)’s stock price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $1.18 and traded as high as $0.72. Hornbeck Offshore Services shares last traded at $0.70, with a volume of 1,360 shares traded.

HOS has been the topic of a number of research analyst reports. Zacks Investment Research lowered shares of Hornbeck Offshore Services from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. ValuEngine raised shares of Hornbeck Offshore Services from a “sell” rating to a “hold” rating in a report on Thursday, August 1st.

The business’s fifty day simple moving average is $0.75 and its 200 day simple moving average is $1.18. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.86. The stock has a market cap of $28.49 million, a P/E ratio of -0.23 and a beta of 2.09.

Hornbeck Offshore Services (NYSE:HOS) last issued its quarterly earnings data on Wednesday, July 31st. The oil and gas company reported ($0.84) EPS for the quarter, missing analysts’ consensus estimates of ($0.69) by ($0.15). Hornbeck Offshore Services had a negative return on equity of 9.90% and a negative net margin of 55.51%. The company had revenue of $56.85 million for the quarter.

A hedge fund recently raised its stake in Hornbeck Offshore Services stock. Sullivan Bruyette Speros & Blaney LLC grew its holdings in Hornbeck Offshore Services, Inc. (NYSE:HOS) by 85.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,632 shares of the oil and gas company’s stock after purchasing an additional 9,500 shares during the quarter. Sullivan Bruyette Speros & Blaney LLC owned approximately 0.05% of Hornbeck Offshore Services worth $26,000 at the end of the most recent reporting period. Institutional investors own 56.29% of the company’s stock.

About Hornbeck Offshore Services (NYSE:HOS)

Hornbeck Offshore Services, Inc, together with its subsidiaries, provides marine transportation, subsea installation, and accommodation support services to exploration and production, oilfield service, offshore construction, and the United States military customers. It operates offshore supply vessels (OSVs), multi-purpose support vessels (MPSVs), and a shore-based facility to provide logistics support and specialty services to the offshore oil and gas exploration and production industry, primarily Gulf of Mexico in the U.S., Latin America, and internationally.

Further Reading: What is the price-to-earnings growth (PEG) ratio?

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