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Trade-Ideas LLC identified
) as a "perilous reversal" (up big yesterday but down big today) candidate. In addition to specific proprietary factors, Trade-Ideas identified Hornbeck Offshore Services as such a stock due to the following factors:
- HOS has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $24.6 million.
- HOS has traded 58,150 shares today.
- HOS is down 3% today.
- HOS was up 8.1% yesterday.
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More details on HOS:
Hornbeck Offshore Services, Inc., through its subsidiaries, operates offshore supply vessels (OSVs) and multi-purpose support vessels (MPSVs) primarily in the U.S. Gulf of Mexico and Latin America. HOS has a PE ratio of 11.3. Currently there are 4 analysts that rate Hornbeck Offshore Services a buy, 1 analyst rates it a sell, and 1 rates it a hold.
The average volume for Hornbeck Offshore Services has been 692,900 shares per day over the past 30 days. Hornbeck Offshore Services has a market cap of $1.0 billion and is part of the basic materials sector and energy industry. The stock has a beta of 2.31 and a short float of 9.8% with 3.87 days to cover. Shares are down 37.7% year-to-date as of the close of trading on Thursday.
rates Hornbeck Offshore Services as a
. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including a generally disappointing performance in the stock itself and weak operating cash flow.
Highlights from the ratings report include:
- The revenue growth came in higher than the industry average of 9.9%. Since the same quarter one year prior, revenues rose by 24.1%. Growth in the company's revenue appears to have helped boost the earnings per share.
- HORNBECK OFFSHORE SVCS INC reported significant earnings per share improvement in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. This trend suggests that the performance of the business is improving. During the past fiscal year, HORNBECK OFFSHORE SVCS INC increased its bottom line by earning $1.76 versus $0.96 in the prior year. This year, the market expects an improvement in earnings ($2.71 versus $1.76).
- HOS's debt-to-equity ratio of 0.80 is somewhat low overall, but it is high when compared to the industry average, implying that the management of the debt levels should be evaluated further. Even though the debt-to-equity ratio shows mixed results, the company's quick ratio of 3.71 is very high and demonstrates very strong liquidity.
- Net operating cash flow has significantly decreased to $23.87 million or 65.52% when compared to the same quarter last year. In addition, when comparing to the industry average, the firm's growth rate is much lower.
- HOS's stock share price has done very poorly compared to where it was a year ago: Despite any rallies, the net result is that it is down by 51.27%, which is also worse that the performance of the S&P 500 Index. Investors have so far failed to pay much attention to the earnings improvements the company has managed to achieve over the last quarter. Although its share price is down sharply from a year ago, do not assume that it can now be tagged as cheap and attractive. The reality is that, based on its current price in relation to its earnings, HOS is still more expensive than most of the other companies in its industry.
- You can view the full Hornbeck Offshore Services Ratings Report.