Hornbeck Offshore Services (NYSE:HOS) last traded at $4.06 with shares with a low of $3.97 and high of $4.23. The swing identifies the stock as one of the most volatile of the day.
The stock is also considered overbought with an RSI(14) at 82.41 . The Relative Strength Index (RSI) is one of the most popular technical indicators used to ascertain strengthening and weakening momentum in price action. RSI levels 70 and above are considered overbought with RSI’s under 30 indicating oversold.
The shares are among the market’s biggest gainers.
Hornbeck Offshore Services’s beta is at 1.23 making it more volatile than the market as a whole that has a beta of 1. Stocks with beta’s lower than 1 are less risky while those with a higher beta may be more risky than the market.
The stock’s Average True Range (ATR) is sitting at 0.24. The ATR is a short term indicator of volatility. A high or low ATR doesn’t tell you which way a stock will move but is a signal that it is likely to move.
It is currently trading at $4.06 a great deal higher than the 50 day moving average of $2.79 and which is impressively higher than the 200 day moving average of $2.93. The 50 day moving average was up $1.27 or +45.62% and the 200 day average was up $1.13.
Investors are more bullish on the company as implied by the fall in short interest. The company saw a fall in short interest between August 15, 2017 and August 31, 2017 of -3.53%. Short interest decreased from 9,008,069 to 8,690,507 over that timeframe. With short interest at 8,690,507 and short average daily volume at 448,932, the short-interest ratio is 19.0 and the percentage of shorted shares is 0.24% as of August 31. As of the latest earnings report the EPS was $-2.28 and is estimated to be $-2.98 for the current year with 37,028,000 shares now outstanding. Analysts expect next quarter’s EPS will be $-0.77 and the next full year EPS is anticipated to be $-2.87.
Hornbeck Offshore Services Inc., launched on June 2, 1997, is a provider of marine transportation, subsea installation and accommodation support services to exploration and production, oilfield service, offshore construction and the United States military customers. The Company focuses on providing marine solutions to meet the needs of the deepwater and ultradeepwater energy industry in domestic and select foreign locations. The Company, through its subsidiaries, operates offshore supply vessels (OSVs), multi-purpose support vessels (MPSVs), and a shore-base facility to provide logistics support and specialty services to the offshore oil and gas exploration and production industry, primarily in the United States, Gulf of Mexico (GoM), Latin America and selected international markets..