Hornbeck Offshore Services (HOS) Earning Somewhat Favorable Press Coverage, Analysis Shows

Headlines about Hornbeck Offshore Services (NYSE:HOS) have been trending somewhat positive this week, according to Accern Sentiment. The research group scores the sentiment of press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Hornbeck Offshore Services earned a coverage optimism score of 0.11 on Accern’s scale. Accern also assigned press coverage about the oil and gas company an impact score of 45.9574142691924 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the media headlines that may have effected Accern’s rankings:

• How US Gasoline Inventories Support Crude Oil Futures (finance.yahoo.com)
• Brokerages Anticipate Hornbeck Offshore Services (HOS) Will Post Quarterly Sales of $42.60 Million (americanbankingnews.com)
• Hornbeck Offshore Services (HOS) Lifted to Hold at Zacks Investment Research (americanbankingnews.com)
• Hornbeck Offshore Services (HOS) Short Interest Update (americanbankingnews.com)
• StealthGas (GASS) vs. Hornbeck Offshore Services (HOS) Critical Contrast (americanbankingnews.com)

HOS has been the topic of a number of recent research reports. Zacks Investment Research lowered shares of Hornbeck Offshore Services from a “hold” rating to a “sell” rating in a report on Tuesday, July 4th. Seaport Global Securities lowered shares of Hornbeck Offshore Services from a “buy” rating to a “neutral” rating in a report on Friday, June 2nd. ValuEngine lowered shares of Hornbeck Offshore Services from a “sell” rating to a “strong sell” rating in a report on Friday, June 2nd. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $3.50 target price on shares of Hornbeck Offshore Services in a report on Thursday, August 3rd. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Hornbeck Offshore Services presently has an average rating of “Hold” and an average target price of $4.75.

Hornbeck Offshore Services (NYSE HOS) traded down 0.71% on Friday, reaching $2.80. 400,063 shares of the company’s stock were exchanged. Hornbeck Offshore Services has a 1-year low of $1.51 and a 1-year high of $9.07. The firm’s 50 day moving average is $2.56 and its 200 day moving average is $3.23. The stock’s market capitalization is $103.68 million.

Hornbeck Offshore Services (NYSE:HOS) last released its quarterly earnings data on Wednesday, August 2nd. The oil and gas company reported ($0.82) EPS for the quarter, missing analysts’ consensus estimates of ($0.79) by $0.03. The company had revenue of $37.40 million during the quarter, compared to the consensus estimate of $37.13 million. Hornbeck Offshore Services had a negative net margin of 47.42% and a negative return on equity of 6.72%. The company’s revenue for the quarter was down 30.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.57) EPS. Analysts expect that Hornbeck Offshore Services will post ($2.98) EPS for the current year.

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Hornbeck Offshore Services Company Profile

Hornbeck Offshore Services Inc provides marine transportation, subsea installation and accommodation support services to exploration and production, oilfield service, offshore construction and the United States military customers. The Company focuses on providing marine solutions for the deepwater and ultradeepwater energy industry in domestic and select foreign locations.