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.

Risks

  • Hornbeck Offshore Services has significant price volatility in the past 3 months.
  • Hornbeck Offshore Services is covered by less than 3 analysts.

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

2.1%

HOS

-0.5%

US Energy Services

-0.6%

US Market


1 Year Return

-83.5%

HOS

-43.0%

US Energy Services

0.7%

US Market

HOS underperformed the Energy Services industry which returned -43% over the past year.

HOS underperformed the Market in United States of America which returned 0.6% over the past year.


Share holder returns

HOSIndustryMarket
7 Day2.1%-0.5%-0.6%
30 Day5.5%10.7%2.9%
90 Day-38.4%-8.3%1.3%
1 Year-83.5%-83.5%-41.4%-43.0%2.9%0.7%
3 Year-83.5%-83.5%-43.4%-50.4%44.6%35.2%
5 Year-97.8%-97.8%-65.6%-70.8%61.9%44.2%

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

1 week ago | Simply Wall St

If You Had Bought Hornbeck Offshore Services (NYSE:HOS) Stock Five Years Ago, You'd Be Sitting On A 98% Loss, Today

Valuation

Is Hornbeck Offshore Services undervalued based on future cash flows and its price relative to the stock market?

0.024x

Price to Book (PB) ratio


Intrinsic Value Based on Future Cash Flows

Unable to calculate intrinsic value for Hornbeck Offshore Services to establish if it is available at moderate discount.

Unable to calculate intrinsic value for Hornbeck Offshore Services to establish if it is available at substantial discount.


Price Based on Earnings

Hornbeck Offshore Services is loss making, we can't compare its value to the US Energy Services industry average.

Hornbeck Offshore Services is loss making, we can't compare the value of its earnings to the United States of America market.


Price Based on Expected Growth

Unable to calculate PEG ratio for Hornbeck Offshore Services, we can't assess if its growth is good value.


Price Based on Value of Assets

Hornbeck Offshore Services is good value based on assets compared to the US Energy Services industry average.


Next Steps

Future Growth

How is Hornbeck Offshore Services expected 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 Estimates


Future Annual Growth Analysis

Hornbeck Offshore Services's revenue is expected to grow by 11.9% yearly, however this is not considered high growth (20% yearly).

Unable to determine if Hornbeck Offshore Services is high growth as no earnings estimate data is available.

Hornbeck Offshore Services's revenue growth is expected to exceed the United States of America market average.

Unable to compare Hornbeck Offshore Services's earnings growth to the United States of America market average as no estimate data is available.

Unable to compare Hornbeck Offshore Services's earnings growth to the low risk savings rate as no estimate data is available.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if Hornbeck Offshore Services will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


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

Hornbeck Offshore Services does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare Hornbeck Offshore Services's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare Hornbeck Offshore Services's 1-year growth to the US Energy Services industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if Hornbeck Offshore Services has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.


Return on Assets

It is difficult to establish if Hornbeck Offshore Services has efficiently used its assets last year compared to the US Energy Services industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if Hornbeck Offshore Services improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.


Next Steps

Financial Health

How is Hornbeck Offshore Services's financial position?


Financial Position Analysis

Hornbeck Offshore Services's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

Hornbeck Offshore Services's long term commitments exceed its cash and other short term assets.


Debt to Equity History and Analysis

Hornbeck Offshore Services's level of debt (103.7%) compared to net worth is high (greater than 40%).

The level of debt compared to net worth has increased over the past 5 years (79.6% vs 103.7% today).

Operating cash flow is negative therefore debt is not well covered.

Unable to confirm if the interest payments on Hornbeck Offshore Services's debt are well covered by earnings due to lack of past financial data.


Balance Sheet

High level of physical assets or inventory.

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 and Payments Analysis

Unable to evaluate Hornbeck Offshore Services's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate Hornbeck Offshore Services's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as Hornbeck Offshore Services has not reported any payouts.

Unable to verify if Hornbeck Offshore Services's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as Hornbeck Offshore Services has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


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)

17.6yrs

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

Todd's remuneration is higher than average for companies of similar size in United States of America.

Todd's compensation has increased whilst company is loss making.


Management Age and Tenure

17.5yrs

Average Tenure

52yo

Average Age

The average tenure for the Hornbeck Offshore Services management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

14.3yrs

Average Tenure

66yo

Average Age

The average tenure for the Hornbeck Offshore Services board of directors is over 10 years, this suggests they are a seasoned and experienced board.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Jim Harp (59yo)

    Executive VP & CFO

    • Tenure: 18.7yrs
    • Compensation: US$2.07m
  • Carl Annessa (63yo)

    Executive VP & COO

    • Tenure: 17.6yrs
    • Compensation: US$2.07m
  • Todd Hornbeck (51yo)

    Co-Founder

    • Tenure: 17.6yrs
    • Compensation: US$4.59m
  • Timothy McCarthy (52yo)

    Executive VP & Chief Human Resources Officer

    • Tenure: 7.7yrs
    • Compensation: US$427.73k
  • Samuel Giberga (57yo)

    Executive VP

    • Tenure: 15.7yrs
    • Compensation: US$1.68m
  • John Cook (50yo)

    Executive VP

    • Tenure: 17.3yrs
    • Compensation: US$1.68m
  • Mark Myrtue (52yo)

    Corporate Secretary & Treasurer

    • Tenure: 0yrs

Board Members

  • Steve Krablin (67yo)

    Director

    • Tenure: 14.1yrs
    • Compensation: US$135.45k
  • Bernie Stewart (74yo)

    Director

    • Tenure: 17.8yrs
    • Compensation: US$149.40k
  • Kevin Meyers (65yo)

    Director

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

    Director

    • Tenure: 7.6yrs
    • Compensation: US$139.50k
  • Patti Melcher (59yo)

    Director

    • Tenure: 16.9yrs
    • Compensation: US$139.95k
  • Larry Hornbeck (80yo)

    Director

    • Tenure: 18.1yrs
    • Compensation: US$142.20k
  • Todd Hornbeck (51yo)

    Co-Founder

    • Tenure: 17.6yrs
    • Compensation: US$4.59m
  • Bruce Hunt (61yo)

    Lead Independent Director

    • Tenure: 14.3yrs
    • 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$29.255m
  • 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 Analysis2019/09/21 23:46
End of Day Share Price2019/09/20 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.