Wall Street analysts expect Hornbeck Offshore Services, Inc. (NYSE:HOS) to post earnings of ($0.69) per share for the current quarter, Zacks Investment Research reports. Zero analysts have made estimates for Hornbeck Offshore Services’ earnings. Hornbeck Offshore Services posted earnings per share of ($0.67) during the same quarter last year, which indicates a negative year over year growth rate of 3%. The firm is scheduled to issue its next earnings results after the market closes on Wednesday, July 31st.

On average, analysts expect that Hornbeck Offshore Services will report full-year earnings of ($2.77) per share for the current year. For the next fiscal year, analysts anticipate that the firm will report earnings of ($1.32) per share. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Hornbeck Offshore Services.

Hornbeck Offshore Services (NYSE:HOS) last released its quarterly earnings data on Wednesday, May 1st. The oil and gas company reported ($0.97) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.91) by ($0.06). Hornbeck Offshore Services had a negative net margin of 52.07% and a negative return on equity of 9.16%. The business had revenue of $54.04 million for the quarter, compared to the consensus estimate of $61.70 million.

Several equities analysts have recently weighed in on HOS shares. ValuEngine cut Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Zacks Investment Research cut EXACT Sciences from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd.

Shares of NYSE:HOS traded down $0.02 during trading on Friday, hitting $0.93. 157,075 shares of the company’s stock traded hands, compared to its average volume of 89,143. Hornbeck Offshore Services has a 52 week low of $0.90 and a 52 week high of $6.14. The company has a current ratio of 2.76, a quick ratio of 2.76 and a debt-to-equity ratio of 0.94. The firm has a market cap of $35.23 million, a P/E ratio of -0.28 and a beta of 1.99. The firm has a 50-day simple moving average of $1.21.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Sullivan Bruyette Speros & Blaney LLC lifted its stake in Hornbeck Offshore Services by 85.3% in the 1st quarter. Sullivan Bruyette Speros & Blaney LLC now owns 20,632 shares of the oil and gas company’s stock valued at $26,000 after acquiring an additional 9,500 shares in the last quarter. Bank of New York Mellon Corp increased its position in shares of Hornbeck Offshore Services by 210.6% during the 4th quarter. Bank of New York Mellon Corp now owns 63,888 shares of the oil and gas company’s stock worth $92,000 after purchasing an additional 43,317 shares during the last quarter. Municipal Employees Retirement System of Michigan acquired a new position in shares of Hornbeck Offshore Services during the 4th quarter worth approximately $153,000. Finally, Deutsche Bank AG increased its position in shares of Hornbeck Offshore Services by 650.2% during the 4th quarter. Deutsche Bank AG now owns 498,894 shares of the oil and gas company’s stock worth $718,000 after purchasing an additional 432,394 shares during the last quarter. Hedge funds and other institutional investors own 55.30% of the company’s stock.

Hornbeck Offshore Services Company Profile

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.

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