Hornbeck Offshore Services, Inc. (NYSE:HOS) Dips To New 52 Week Low

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Hornbeck Offshore Services, Inc. (NYSE:HOS)

December 6th, 2018
Hornbeck Offshore Services, Inc. fell $0.18 Thursday, down 6.29%, closing at $2.68. As well as the drop in value, Hornbeck Offshore Services, Inc. hit a new 52 week low of $2.63. Be aware that the Altman Z-Score1 (An indicator of the probability for a 2-year bankruptcy) is below the recommended threshold of 1.8%, and calculated to be 0.34.

HOS was outperformed by the rest of the Energy sector which went down only 1.77%.

Results from 4 analysts indicates that Hornbeck Offshore Services, Inc. might increase significantly (61%).

Market Sectors

The market sectors were mixed Thursday with a majority of the sectors trending down. Real Estate saw the biggest increase of the day (2.66%), while Energy saw the biggest drop (1.77%). Healthcare has seen the biggest year-to-date gain at 12%. The biggest loss this year has been the Materials sector falling 12%.

Communication Services saw the biggest turnaround from its 5-day performance of -1.28%, as it went up 1.04%. Utilities saw a turn around from its 5-day performance of 2.33% trading down 0.10%.

Sector Breakdown

  • Real Estate went up with a 2.66% change.
  • Communication Services went up with a 1.04% change.
  • Consumer Discretionary went up with a 0.61% change.
  • Information Technology went up with a 0.23% change.
  • Utilities went down with a -0.10% change.
  • Consumer Staples went down with a -0.10% change.
  • Healthcare went down with a -0.31% change.
  • Industrials went down with a -0.55% change.
  • Materials went down with a -1.36% change.
  • Financials went down with a -1.44% change.
  • Energy went down with a -1.77% change.

Hornbeck Offshore Services is based in New Orleans.

Hornbeck Offshore Services, Inc. Info

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 U.S. 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 in the U.S. Gulf of Mexico, Latin America, and internationally. Its fleet of U.S.-flagged OSVs and MPSVs support deep-well, deepwater, and ultra-deepwater activities of the offshore oil and gas industry, such as oil and gas exploration, field development, production, construction, installation, well-stimulation, and other enhanced oil recovery, as well as inspection, repair, and maintenance services. The company also provides vessel management services, including crewing, daily operational management, and maintenance activities for other vessels owners. As of December 31, 2017, it owned and operated 62 OSVs and 8 MPSVs. Hornbeck Offshore Services, Inc. was founded in 1997 and is headquartered in Covington, Louisiana.

All amounts in USD unless otherwise indicated

(1) The Altman Z-Score calculation was first published in 1968 by Edward I. Altman, and is used for predicting the probability that a firm will go into bankruptcy within two years. An Altman Z-Score below 1.8 (Remember that Hornbeck Offshore Services, Inc.’s score is 0.34) is the trigger to be alert for this situation. Some analysts believe this score is less relevant for some companies, in particular companies operating to accumulate users that may run at huge losses to scale up.

HOS daily update
HOS daily update


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