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Hornbeck Offshore Services Inc (HOS) Files 10-K for the Fiscal Year Ended on December 31, 2018

- By insider

Hornbeck Offshore Services Inc (HOS) files its latest 10-K with SEC for the fiscal year ended on December 31, 2018. Hornbeck Offshore Services Inc owns and operates Offshore Support Vessels and Multi-Purpose Supply Vessels. These vessels support deep-well, deepwater and ultra-deepwater activities of the offshore oil and gas industry. Hornbeck Offshore Services Inc has a market cap of $63.900 million; its shares were traded at around $1.70 with and P/S ratio of 0.29.


For the last quarter Hornbeck Offshore Services Inc reported a revenue of $53.9 million, compared with the revenue of $56.24 million during the same period a year ago. For the latest fiscal year the company reported a revenue of $212.4 million, an increase of 11% from last year. For the last five years Hornbeck Offshore Services Inc had an average revenue decline of 22.9% a year.

The reported loss per diluted share was $3.18 for the year, compared with the earnings per share of $-1.76 in the previous year. The Hornbeck Offshore Services Inc had an operating margin of -41.16%, compared with the operating margin of -46.3% a year before. The 10-year historical median operating margin of Hornbeck Offshore Services Inc is 22.26%. The profitability rank of the company is 4 (out of 10).

At the end of the fiscal year, Hornbeck Offshore Services Inc has the cash and cash equivalents of $224.9 million, compared with $186.8 million in the previous year. The company had no long term debt, compared with $1.1 billion in the previous year. Hornbeck Offshore Services Inc has a financial strength rank of 5 (out of 10).

At the current stock price of $1.70, Hornbeck Offshore Services Inc is traded at 78.3% discount to its historical median P/S valuation band of $7.82. The P/S ratio of the stock is 0.29, while the historical median P/S ratio is 1.39. The stock lost 50.29% during the past 12 months.

For the complete 20-year historical financial data of HOS, click here.

This article first appeared on GuruFocus.