Larry D. Hornbeck Acquires 5,503 Shares of Hornbeck Offshore Services, Inc. (HOS) Stock
Hornbeck Offshore Services, Inc. (NYSE:HOS) Director Larry D. Hornbeck purchased 5,503 shares of Hornbeck Offshore Services stock in a transaction dated Tuesday, February 6th. The shares were purchased at an average cost of $3.21 per share, with a total value of $17,664.63. Following the acquisition, the director now owns 272,116 shares of the company’s stock, valued at approximately $873,492.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Hornbeck Offshore Services, Inc. (HOS) opened at $3.48 on Friday. Hornbeck Offshore Services, Inc. has a 1-year low of $1.51 and a 1-year high of $7.09. The stock has a market cap of $125.23, a price-to-earnings ratio of 5.12 and a beta of 1.32. The company has a current ratio of 3.61, a quick ratio of 3.61 and a debt-to-equity ratio of 0.75.
Hornbeck Offshore Services (NYSE:HOS) last posted its quarterly earnings data on Wednesday, February 7th. The oil and gas company reported ($0.44) earnings per share for the quarter, topping the consensus estimate of ($0.73) by $0.29. The business had revenue of $56.20 million during the quarter, compared to the consensus estimate of $40.65 million. Hornbeck Offshore Services had a net margin of 14.33% and a negative return on equity of 6.73%. The company’s quarterly revenue was up 34.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.53) earnings per share. sell-side analysts expect that Hornbeck Offshore Services, Inc. will post -2.74 EPS for the current year.
A number of hedge funds have recently bought and sold shares of HOS. Arrowstreet Capital Limited Partnership acquired a new stake in Hornbeck Offshore Services in the second quarter worth about $1,957,000. Brookfield Asset Management Inc. acquired a new stake in Hornbeck Offshore Services in the second quarter worth about $991,000. JPMorgan Chase & Co. lifted its holdings in Hornbeck Offshore Services by 374.5% in the second quarter. JPMorgan Chase & Co. now owns 262,542 shares of the oil and gas company’s stock worth $743,000 after purchasing an additional 207,212 shares during the period. Balyasny Asset Management LLC acquired a new stake in Hornbeck Offshore Services in the second quarter worth about $568,000. Finally, California Public Employees Retirement System lifted its holdings in Hornbeck Offshore Services by 41.3% in the second quarter. California Public Employees Retirement System now owns 502,300 shares of the oil and gas company’s stock worth $1,422,000 after purchasing an additional 146,900 shares during the period. 77.54% of the stock is owned by institutional investors and hedge funds.
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About Hornbeck Offshore Services
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.
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