NEW YORK ( TheStreet) -- Hornbeck Offshore Services (NYSE: HOS) hit a new 52-week high Thursday as it traded at $29.31 compared with its previous 52-Week high of $29.10. Hornbeck Offshore Services is changing hands at $28.96 with 33,910 shares traded as of 9:32 a.m. ET. Average volume has been 778,400 shares over the past 30 days.

Hornbeck Offshore Services has a market cap of $739 million and is part of the services sector and transportation industry. Shares are up 36.1% year to date as of the close of trading on Wednesday.

Hornbeck Offshore Services, Inc., through its subsidiaries, operates offshore supply vessels (OSVs), multi-purpose support vessels, and a shore-base to provide logistics support and specialty services to the offshore oil and gas exploration and production industry. The company has a P/E ratio of 20.9, equal to the average transportation industry P/E ratio and below the S&P 500 P/E ratio of 21.5.

TheStreet Ratings rates Hornbeck Offshore Services as a hold. The company's strengths can be seen in multiple areas, such as its solid stock price performance, revenue growth and reasonable valuation levels. 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.

See all 52-week high stocks or get investment ideas from our investment research center.