Hornbeck Offshore Services (NYSE:HOS) Hits New 52-Week Low – Here’s What Happened

Shares of Hornbeck Offshore Services, Inc. (NYSE:HOS – Get Free Report) hit a new 52-week low on Wednesday. The company traded as low as $6.08 and last traded at $6.1050, with a volume of 89,789 shares. The stock had previously closed at $6.25.

Analyst Ratings Changes

Separately, Wall Street Zen raised Hornbeck Offshore Services from a “hold” rating to a “buy” rating in a research note on Sunday, November 1st.

View Our Latest Research Report on Hornbeck Offshore Services

Hornbeck Offshore Services Stock Down 9.5%

The stock’s 50 day simple moving average is $7.66. The company has a market capitalization of $818.70 million, a PE ratio of -19.80 and a beta of 1.31. 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 released its quarterly earnings data on Thursday, August 6th. The company reported $0.15 earnings per share (EPS) for the quarter. Hornbeck Offshore Services had a negative net margin of 5.58% and a positive return on equity of 3.34%. The company had revenue of $304.02 million for the quarter. As a group, equities research analysts expect that Hornbeck Offshore Services, Inc. will post 0.28 earnings per share for the current year.

Institutional Investors Weigh In On Hornbeck Offshore Services

A number of hedge funds have recently added to or reduced their stakes in HOS. Maryland State Retirement & Pension System bought a new stake in Hornbeck Offshore Services during the 3rd quarter valued at $238,000. Illinois Municipal Retirement Fund bought a new position in shares of Hornbeck Offshore Services in the third quarter valued at $617,000. Allspring Global Investments Holdings LLC bought a new position in shares of Hornbeck Offshore Services in the third quarter valued at $505,000. Pictet Asset Management Holding SA bought a new position in shares of Hornbeck Offshore Services in the third quarter valued at $185,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of Hornbeck Offshore Services during the third quarter valued at about $154,000. Institutional investors and hedge funds own 91.33% of the company’s stock.

Hornbeck Offshore Services Company Profile

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