Hornbeck Offshore Services, Inc. (NYSE:HOS) could be one of the best stocks that investors may want to consider for their portfolio today as the company shares are trading 3.42% or 0.025 points up from last closing price of $0.72, reaching $0.7446 at last check. Any clue why there is so much of action in the HOS stock? The share price has risen in 2 of the last 5 days and is down -43.75% over the past week. It will be exciting to see whether the stock manages to continue increasing or take a minor break for the next few days. The move came on solid volume too with far more shares changing hands than in a normal session. Trading activity as of this writing strengthened by 54,671 shares, and in total 111371 shares valued at $82927 were seen changing hands compared with 56700 shares valued at $40824 recorded at the previous session. You should take into consideration that a greater volume on higher prices causes bullish signal for the market. It shows the sentiment is in an uptrend and more and more traders want to enter in the HOS stock.
Hornbeck Offshore Services, Inc. (HOS) shares have notched a 3-month decline of about -43.75%, but has still tumbled -50% year to date. By comparison, the stock sank -83.71% over the past 12 months, while it slipped -3.7% over the 1 month. The company’s market cap is around $27.31M, with its short interest ratio standing at 21.99%.
In the current trading session for HOS, the stock witnessed two major price actions, it rose to a high of $0.7615 and was down as much as $0.7 at one point. The high recorded is very low when compared to their 52-week high which is $0.58. The 52-week high is now at -87.92 distance from current price. Their recent low of $6.14 represents a 28.49% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for HOS is $2.55, this is below the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Hornbeck Offshore Services, Inc. earned $-3.29 per share in the trailing 12 months and has a P/E ratio of -0.23. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 23.32 and lower compared to the sector’s average of 14.92. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. HOS also has P/S multiple of 0.13. This is smaller versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 0.26x.
HOS‘s last price was down -44.29% as compared to the average trading price of 50 days recorded at $1.34 while enlarging the period to 200 trading days, the average closing price was $0.83. At present, there are 37.93 million in the total number of common shares owned by the public and among those 32.85 million shares have been available to trade. The percentage of shares being held by the company management was 13.23% while institutions stake was 56.5%. The company has generated negative returns on equity over the last 12 months (-9.6%). It managed to keep its gross profit margin at 29.5% over the past 12 months.
When assessing the full upside of the HOS stock, there is another set of technicals that should be looked into and considered. Its 2.24% gain from moving average of $0.73 has brought about a positive sentiment when calculated over the last 20 days. The market has allocated a beta of 2.09 to the stock. With the beta been greater than one, this implies that the company shares are theoretically more volatile than the market, something that the traders definitely are keeping an eye on.
In the last five years, the EPS of the company has been roughly -30.7%. Though the percentage looks disappointing, extra headwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will decrease annually by 0%. The revenue of the company has retreated at an average annualized rate of about -17.3 over the last five years. The company recently recorded a drop of -2.7%, but this figure is rather unattractive.
Let’s briefly check the hedge fund interest towards HOS stock. Mackenzie Financial Corp trimmed position in the company after it dumped -1.4% or 1,586,359 shares of its common stock. The hedge fund now owns 1,564,150 shares worth $1,164,666, SEC documents show. Mackenzie Financial Corp cut assets in the stock as 1586359 shares have been sold, reducing its stake by -1.4% to 1,564,150 shares which are currently valued at $1,164,666. In addition, Vanguard Group Inc. recently reported that it now owns 1,699,305 shares making a total of $1,265,303 based on the recent price. This refelects a change of 93.3% in their ownership.