Hornbeck Offshore Services, Inc. (HOS) CEO Purchases $199,675.00 in Stock
Hornbeck Offshore Services, Inc. (NYSE:HOS) CEO Todd M. Hornbeck purchased 61,250 shares of the business’s stock in a transaction that occurred on Friday, March 17th. The stock was bought at an average price of $3.26 per share, for a total transaction of $199,675.00. Following the purchase, the chief executive officer now directly owns 925,902 shares in the company, valued at $3,018,440.52. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.
Shares of Hornbeck Offshore Services, Inc. (NYSE:HOS) traded up 6.88% during mid-day trading on Monday, reaching $3.42. The company’s stock had a trading volume of 1,016,591 shares. Hornbeck Offshore Services, Inc. has a one year low of $3.00 and a one year high of $12.57. The firm’s market cap is $124.71 million. The firm’s 50 day moving average is $5.36 and its 200 day moving average is $5.81.
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Several hedge funds have recently bought and sold shares of HOS. Metropolitan Life Insurance Co. NY bought a new stake in Hornbeck Offshore Services during the fourth quarter valued at $157,000. Vertex One Asset Management Inc. bought a new stake in Hornbeck Offshore Services during the fourth quarter valued at $505,000. Trexquant Investment LP bought a new stake in Hornbeck Offshore Services during the fourth quarter valued at $270,000. State Street Corp increased its stake in Hornbeck Offshore Services by 7.2% in the fourth quarter. State Street Corp now owns 816,200 shares of the company’s stock valued at $5,894,000 after buying an additional 55,158 shares in the last quarter. Finally, Comerica Bank increased its stake in Hornbeck Offshore Services by 5.4% in the fourth quarter. Comerica Bank now owns 34,298 shares of the company’s stock valued at $256,000 after buying an additional 1,765 shares in the last quarter.
HOS has been the topic of several recent research reports. Zacks Investment Research upgraded Hornbeck Offshore Services from a “sell” rating to a “hold” rating in a research note on Wednesday, March 15th. Capital One Financial Corp. restated an “equal weight” rating on shares of Hornbeck Offshore Services in a research note on Thursday, February 16th. Two analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. The company has a consensus rating of “Hold” and an average target price of $9.83.
Hornbeck Offshore Services Company Profile
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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