Hornbeck Offshore Services, Inc. (HOS) shares saw a recent bid of $2.64 and 7.84M shares have exchanged hands in the recent trading session, yielding a 37.50% gain over the past week. The stock price increased 34.01% or $-0.67 versus $1.97 at the end of the prior session. This change led market cap to move at $72.39M, putting the price -73.12% below the 52-week high and 74.83% above the 52-week low. The company’s stock has a normal trading capacity of 1.26M shares while the relative volume is 6.23.
To stay one step ahead we extended our research by comparing different price targets. The stock notched a 12-month high of $4.58 while $9.50 target is by far the most aggressive out of analysts who are currently evaluating the company, $4.92 higher than the next highest 52-week price estimate. The lowest 12-month price target for the shares is $2.50, which would be decrease of about -5% of its current value. The mean target of $4.00 should be compared with the price when the stock was languishing around $1.51 a share. And it remains to be seen which target price HOS can achieve without sacrificing much as the company is holding a -69.34% fall for the past twelve months.
By historical standards, Hornbeck Offshore Services, Inc. remains a cheap stock. The company’s current price-earnings ratio amounts above the average P/E ratio of 21.70 times earnings. For now, Hornbeck Offshore Services, Inc. is the toast of Wall Street as its ABR stands at 2.90 with 0 out of 8 analysts rating the stock a buy. It becomes significant when you consider how many shares are shorted versus the average daily volume, means how many days to cover those short shares at that volume. Hornbeck Offshore Services, Inc. has far performed well this year, with the share price down -63.43% since January. Over the past 2 quarters, the stock is down -63.54%, compared with a fall of nearly -17.50% for 3 months and about 3.94% for the past 30 days.
Last time, the company failed Wall Street by reporting EPS of $-0.87, smashing the consensus of $-0.77 per share. Revenue for the quarter also killed consensus, coming in at $44.08M, compared to the consensus of 42.2M. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $-0.78. The company is expected to report EPS as high as $-0.67 and as low as $-0.83 per share. Similarly, full-year EPS forecasts have ranged between $-3.36 and $-2.89. The mean EPS estimate is $-3.16. On the other side, sales forecasts for the current quarter are $37.13M. The stock is expected to report revenue as high as $40.5M and as low as $34.95M per share. Similarly, full-year sales forecasts have ranged between $132.77M and $164.2M. The mean revenue estimate is $148.73M.
Over the last 5 years, Hornbeck Offshore Services, Inc. has averaged a -69.40% YoY EPS growth rate and a -7.50% revenue growth rate. Analysts are expecting EPS growth rates to be at -195.70% this quarter and EPS estimate for next year reflect 12.70% growth rate.
Sell-side analysts also have something to say about this company. Cowen analysts stated on 06/10/2016 that they maintained their Market Perform rating. Iberia had a markedly different take on 05/08/2016, proposing that Hornbeck Offshore Services, Inc. is now considered Underperform versus prior Sector Perform rating. Morgan Stanley raised its rating on Hornbeck Offshore Services, Inc. to Equal-Weight on 20/04/2016 in a reversal from its prior Underweight rating. Barclays had a markedly different take on 20/04/2016, proposing that Hornbeck Offshore Services, Inc. is now considered Equal Weight versus prior Overweight rating.