NYSE:HOS

Stock Analysis Report

Hornbeck Offshore Services

Executive Summary

Hornbeck Offshore Services, Inc., together with its subsidiaries, provides marine transportation, subsea installation, and accommodation support services to exploration and production, oilfield service, offshore construction, and the United States military customers.

Snowflake

Fundamentals

Overvalued with concerning outlook.


Similar Companies

Share Price & News

How has Hornbeck Offshore Services's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-2.3%

HOS

0.4%

US Energy Services

1.8%

US Market


1 Year Return

-85.7%

HOS

-46.0%

US Energy Services

7.3%

US Market

Return vs Industry: HOS underperformed the US Energy Services industry which returned -46% over the past year.

Return vs Market: HOS underperformed the US Market which returned 7.3% over the past year.


Shareholder returns

HOSIndustryMarket
7 Day-2.3%0.4%1.8%
30 Day-10.8%-13.3%-0.7%
90 Day-35.2%-16.2%0.06%
1 Year-85.7%-85.7%-44.5%-46.0%9.7%7.3%
3 Year-89.1%-89.1%-55.2%-60.6%46.3%36.9%
5 Year-97.7%-97.7%-66.3%-71.2%64.5%46.5%

Price Volatility Vs. Market

How volatile is Hornbeck Offshore Services's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Hornbeck Offshore Services undervalued compared to its fair value and its price relative to the market?

0.02x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate HOS's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate HOS's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: HOS is unprofitable, so we can't compare its PE Ratio to the Energy Services industry average.

PE vs Market: HOS is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate HOS's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: HOS is good value based on its PB Ratio (0x) compared to the US Energy Services industry average (0.6x).


Next Steps

Future Growth

How is Hornbeck Offshore Services forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

11.9%

Forecasted annual revenue growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if HOS's forecast earnings growth is above the savings rate (2.7%).

Earnings vs Market: Insufficient data to determine if HOS's earnings are forecast to grow faster than the US market

High Growth Earnings: Insufficient data to determine if earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: HOS's revenue (11.9% per year) is forecast to grow faster than the US market (7.3% per year).

High Growth Revenue: HOS's revenue (11.9% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if HOS's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has Hornbeck Offshore Services performed over the past 5 years?

-59.7%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: HOS is unprofitable, and losses have increased over the past 5 years at a rate of -59.7% per year.

Accelerating Growth: Unable to compare HOS's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: HOS is unprofitable, making it difficult to compare its past year earnings growth to the Energy Services industry (-13.1%).


Return on Equity

High ROE: HOS has a negative Return on Equity (-9.96%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: HOS is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: HOS is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Hornbeck Offshore Services's financial position?


Financial Position Analysis

Short Term Liabilities: HOS's short term assets ($267.6M) do not cover its short term liabilities ($311.8M)

Long Term Liabilities: HOS's short term assets (267.6M) do not cover its long term liabilities (1.2B)


Debt to Equity History and Analysis

Debt Level: HOS's debt to equity ratio (103.7%) is considered high

Reducing Debt: HOS's debt to equity ratio has increased from 79.6% to 103.7% over the past 5 years.

Debt Coverage: HOS's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: Insufficient data to determine if HOS's interest payments on its debt are well covered by EBIT.


Balance Sheet

Inventory Level: HOS has a high level of physical assets or inventory.

Debt Coverage by Assets: HOS's debt is not covered by short term assets (assets are 0.2x debt).


Next Steps

Dividend

What is Hornbeck Offshore Services's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.5%markettop25%3.7%industryaverage4.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate HOS's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate HOS's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if HOS's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if HOS's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of HOS's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Hornbeck Offshore Services's salary, the management and board of directors tenure and is there insider trading?

17.5yrs

Average management tenure


CEO

Todd Hornbeck (51yo)

17.7yrs

Tenure

US$4,594,450

Compensation

Mr. Todd M. Hornbeck co-founded Hornbeck Offshore Services, Inc. in June 1997 and has been its Chairman of the Board since May 03, 2005, Chief Executive Officer since February 2002 and President since June ...


CEO Compensation Analysis

Compensation vs. Market: Todd's total compensation ($USD4.59M) is above average for companies of similar size in the US market ($USD491.38K).

Compensation vs Earnings: Todd's compensation has increased whilst the company is unprofitable.


Management Age and Tenure

17.5yrs

Average Tenure

52yo

Average Age

Experienced Management: HOS's management team is seasoned and experienced (17.5 years average tenure).


Board Age and Tenure

14.4yrs

Average Tenure

66yo

Average Age

Experienced Board: HOS's board of directors are seasoned and experienced ( 14.4 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • Jim Harp (59yo)

    Executive VP & CFO

    • Tenure: 18.8yrs
    • Compensation: US$2.07m
  • Carl Annessa (63yo)

    Executive VP & COO

    • Tenure: 17.7yrs
    • Compensation: US$2.07m
  • Todd Hornbeck (51yo)

    Co-Founder

    • Tenure: 17.7yrs
    • Compensation: US$4.59m
  • Timothy McCarthy (52yo)

    Executive VP & Chief Human Resources Officer

    • Tenure: 7.8yrs
    • Compensation: US$427.73k
  • Samuel Giberga (57yo)

    Executive VP

    • Tenure: 15.8yrs
    • Compensation: US$1.68m
  • John Cook (50yo)

    Executive VP

    • Tenure: 17.4yrs
    • Compensation: US$1.68m
  • Mark Myrtue (52yo)

    Corporate Secretary & Treasurer

    • Tenure: 0yrs

Board Members

  • Steve Krablin (67yo)

    Independent Director

    • Tenure: 14.2yrs
    • Compensation: US$135.45k
  • Bernie Stewart (74yo)

    Independent Director

    • Tenure: 17.9yrs
    • Compensation: US$149.40k
  • Kevin Meyers (65yo)

    Independent Director

    • Tenure: 8.3yrs
    • Compensation: US$132.75k
  • Nick Swyka (75yo)

    Independent Director

    • Tenure: 7.7yrs
    • Compensation: US$139.50k
  • Patti Melcher (59yo)

    Independent Director

    • Tenure: 17yrs
    • Compensation: US$139.95k
  • Larry Hornbeck (80yo)

    Director

    • Tenure: 18.2yrs
    • Compensation: US$142.20k
  • Todd Hornbeck (51yo)

    Co-Founder

    • Tenure: 17.7yrs
    • Compensation: US$4.59m
  • Bruce Hunt (61yo)

    Lead Independent Director

    • Tenure: 14.4yrs
    • Compensation: US$135.45k

Company Information

Hornbeck Offshore Services, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Hornbeck Offshore Services, Inc.
  • Ticker: HOS
  • Exchange: NYSE
  • Founded: 1997
  • Industry: Oil and Gas Equipment and Services
  • Sector: Energy
  • Market Cap: US$24.870m
  • Shares outstanding: 37.99m
  • Website: https://www.hornbeckoffshore.com

Number of Employees


Location

  • Hornbeck Offshore Services, Inc.
  • 103 Northpark Boulevard
  • Suite 300
  • Covington
  • Louisiana
  • 70433
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
HOSNYSE (New York Stock Exchange)YesCommon StockUSUSDMar 2004
HJ2DB (Deutsche Boerse AG)YesCommon StockDEEURMar 2004

Biography

Hornbeck Offshore Services, Inc., together with its subsidiaries, provides marine transportation, subsea installation, and accommodation support services to exploration and production, oilfield service, of ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/17 23:53
End of Day Share Price2019/10/17 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.