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TheStreet Wire

Hornbeck Offshore Services Reaches New 52-Week High (HOS)

By TheStreet Wire 11/04/11 - 12:49 PM EDT

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NEW YORK (TheStreet) -- Hornbeck Offshore Services (NYSE:HOS) hit a new 52-week high Friday as it is currently trading at $34.87, above its previous 52-week high of $34.80 with 532,546 shares traded as of 12:26 p.m. ET. Average volume has been 656,000 shares over the past 30 days.

Hornbeck Offshore Services has a market cap of $860.1 million and is part of the basic materials sector and energy industry. Shares are up 53.1% year to date as of the close of trading on Thursday.

Hornbeck Offshore Services, Inc., through its subsidiaries, provides marine services to exploration and production, oilfield service, offshore construction, and the United States military customers. The company operates in two segments, Upstream and Downstream. The company has a P/E ratio of 188, equal to the average energy industry P/E ratio and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Hornbeck Offshore Services as a hold. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and disappointing return on equity. You can view the full Hornbeck Offshore Services Ratings Report.

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