Hornbeck Offshore Services
The energy marine services company on Thursday reported fourth-quarter earnings of $14.2 million, or 45 cents a share, up from a year-ago loss of $741,000, or 3 cents a share."Hornbeck continues to be one of our favorites in the OSV space as we believe it is well positioned to capture the potential recovery of drilling activity in the GoM as well as growth in Latin America," Clarkson Capital Markets analysts wrote in a Feb. 16 report. "Hornbeck continues to build its position in these markets with the planned addition of 16 U.S. flagged high capacity OSVs that we expect will earn premium dayrates." Shares of Hornbeck Offshore Services hit a 52-week high Tuesday of $40.59. The stock's 52-week low of $19.80 was set on Aug. 23. Hornbeck Offshore Services has a forward P/E of 13.75; the average for oil equipment and services companies is 29. For comparison, Key Energy Services (KEG) has a lower forward P/E of 8.23; Lufkin Industries' (LUFK) forward P/E is 14.58. Nine of the 13 analysts who cover Hornbeck Offshore Services rated it buy. Three analysts gave it a hold rating and one rated it sell. Hornbeck Offshore Services gets a C grade from TheStreet Ratings and a hold rating. The stock has increased 28.76% year to date.
World Fuel Services The fuel logistics company is scheduled to report its fourth-quarter results on Thursday. Analysts, on average, anticipate earnings of 69 cents a share on $9.25 billion in revenue. "World Fuel Services benefits from solid volume growth, its ability to enter new markets, gross profit per gallon holding at strong levels, and as it is viewed positively by providers and customers for its ability to provide liquidity to customers under a strong risk managed profile," Bank of America Merrill Lynch analysts wrote in a report Tuesday. "Its 3 segments should post improving volume targets, led by Aviation at 1.07 billion gallons, Land at 717 million gallons, and Marine at 6.6 million metric tons." Shares of World Fuel Services hit a 52-week high of $48.09 on Tuesday. The stock's 52-week low of $29.53 was set on Aug. 9. World Fuel Services has a forward P/E of 15.73; the average for transportation services companies is 15.29. For comparison, Ryder System (R) has a lower forward P/E of 11.18; Air Lease's (AL) forward P/E is 18.25. Five of the six analysts who cover World Fuel Services rated it buy; one rated it hold. TheStreet Ratings gives World Fuel Services a B+ grade with a buy rating and $61.95 price target. The stock has increased 13.82% year to date.