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

Wall Street Zen upgraded shares of Hornbeck Offshore Services (NYSE:HOS) from a hold rating to a buy rating in a report published on Sunday morning,Wall Street Zen reports.

Hornbeck Offshore Services Stock Down 0.1%

Shares of HOS stock opened at $7.08 on Friday. The stock’s fifty day moving average price is $7.82. Hornbeck Offshore Services has a twelve month low of $6.11 and a twelve month high of $11.13. The company has a debt-to-equity ratio of 0.19, a current ratio of 3.47 and a quick ratio of 3.47. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 26.20 and a beta of 1.23.

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

Hedge Funds Weigh In On Hornbeck Offshore Services

Large investors have recently bought and sold shares of the stock. Assenagon Asset Management S.A. acquired a new stake in Hornbeck Offshore Services in the third quarter worth about $15,012,000. State of Alaska Department of Revenue bought a new stake in Hornbeck Offshore Services in the 3rd quarter valued at $212,000. GAMMA Investing LLC bought a new stake in shares of Hornbeck Offshore Services during the 3rd quarter worth $28,000. Versant Capital Management Inc bought a new position in shares of Hornbeck Offshore Services in the 3rd quarter worth about $37,000. Finally, Worth Asset Management LLC purchased a new position in Hornbeck Offshore Services during the third quarter worth about $82,000. Hedge funds and other institutional investors own 91.33% of the company’s stock.

About Hornbeck Offshore Services

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