Last €18.29 EUR
Change Today +0.68 / 3.85%
Volume 0.0
HJ2 On Other Exchanges
Symbol
Exchange
Berlin
As of 1:03 PM 02/27/15 All times are local (Market data is delayed by at least 15 minutes).

hornbeck offshore services (HJ2) Snapshot

Open
€17.78
Previous Close
€17.61
Day High
€18.53
Day Low
€17.73
52 Week High
07/1/14 - €34.24
52 Week Low
12/16/14 - €15.34
Market Cap
650.4M
Average Volume 10 Days
6.5
EPS TTM
--
Shares Outstanding
35.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for HORNBECK OFFSHORE SERVICES (HJ2)

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hornbeck offshore services (HJ2) Details

Hornbeck Offshore Services, Inc., through its subsidiaries, operates offshore supply vessels (OSVs) and multi-purpose support vessels (MPSVs) primarily in the U.S. Gulf of Mexico and Latin America. The company owns and operates a fleet of U.S.-flagged OSVs and MPSVs that support the deep-well, deepwater, and ultra-deepwater exploration, development, production, construction, installation, inspection, repair, maintenance, well-stimulation, and other enhanced oil recovery requirements of the offshore oil and gas industry. It also operates a shore-base support facility located in Port Fourchon, Louisiana, as well as provides vessel management services, such as crewing, daily operational management, and maintenance activities for other vessels owners. As of February 19, 2014, the company owned and operated 55 OSVs and 4 MPSVs. Hornbeck Offshore Services, Inc. was founded in 1997 and is headquartered in Covington, Louisiana.

1,641 Employees
Last Reported Date: 02/25/15
Founded in 1997

hornbeck offshore services (HJ2) Top Compensated Officers

Co-founder, Chairman, Chief Executive Officer...
Total Annual Compensation: $601.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $364.0K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $364.0K
Chief Compliance Officer, Executive Vice Pres...
Total Annual Compensation: $286.0K
Chief Information Officer, Chief Commercial O...
Total Annual Compensation: $271.0K
Compensation as of Fiscal Year 2013.

hornbeck offshore services (HJ2) Key Developments

Hornbeck Offshore Services, Inc. Presents at Credit Suisse Energy Summit 2015, Feb-25-2015 12:45 PM

Hornbeck Offshore Services, Inc. Presents at Credit Suisse Energy Summit 2015, Feb-25-2015 12:45 PM. Venue: Vail Cascade Resort & Spa, 1300 Westhaven Drive, Vail, Colorado, United States. Speakers: James O. Harp, Chief Financial Officer, Principal Accounting Officer and Executive Vice President, Todd M. Hornbeck, Co-Founder, Chairman, Chief Executive Officer and President.

Hornbeck Offshore Services, Inc. Announces Unaudited Consolidated Financial Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Full Year of 2015

Hornbeck Offshore Services, Inc. announced unaudited consolidated financial results for the fourth quarter and full year ended December 31, 2014. For the quarter, revenues were $160,219,000 against $144,893,000 for the same period of last year. Operating income was $37,402,000 against $43,650,000 for the same period of last year. Income before income taxes was $29,417,000 against $35,620,000 for the same period of last year. Income from continuing operations was $18,769,000 against $22,087,000 for the same period of last year. Net income was $19,171,000 against $22,240,000 for the same period of last year. Diluted earnings per common share from continuing operations was $0.52 against $0.61 for the same period of last year. Diluted earnings per common share was $0.53 against $0.61 for the same period of last year. Cash provided by operating activities was $163,106,000 against $207,067,000 for the same period of last year. EBITDA was $67,424,000 against $66,910,000 for the same period of last year. Adjusted EBITDA was $69,537,000 against $69,784,000 for the same period of last year. For the quarter, the company reported diluted earnings per share was 28% lower than the sequential quarter, fourth quarter EBITDA was 15% lower than the sequential quarter. These decreases were primarily due to continued softness in the Gulf of Mexico spot market for high-spec OSVs. Revenue was 4% lower than the sequential quarter. This sequential revenue decrease was primarily attributable to lower utilization in day rates for high-spec OSVs operating in the GoM, the lost revenue from the sale of 1 low-spec 200 class OSV, the HOS trader, and the stacking of 5 200 class OSVs. These decreases were partially offset by revenues earned by vessels delivered under fifth OSV new build program, including those delivered in the third quarter of 2014, providing a full, rather than partial quarter contribution and those delivered in the fourth quarter of 2014 adding a partial quarter of performance. Operating income was 23% of revenues in the current quarter compared to approximately $50 million or 30% of revenues for the sequential quarter. For the year, revenues were $634,793,000 against $548,145,000 for the same period of last year. Operating income was $169,420,000 against $171,103,000 for the same period of last year. Income before income taxes was $140,274,000 against $100,398,000 for the same period of last year. Income from continuing operations was $87,907,000 against $64,078,000 for the same period of last year. Net income was $88,525,000 against $111,393,000 for the same period of last year. Diluted earnings per common share from continuing operations was $2.40 against $1.76 for the same period of last year. Diluted earnings per common share was $2.41 against $3.05 for the same period of last year. Cash provided by operating activities was $163,106,000 against $207,067,000 for the same period of last year. EBITDA was $285,371,000 against $231,197,000 for the same period of last year. Adjusted EBITDA was $296,781,000 against $271,376,000 for the same period of last year. For 2015, the company expects to earn approximately $400,000 in interest income on average invested cash balance, resulting in a projected net interest expense for 2015 of around $46 million. Effective tax rate on a consolidated basis for GAAP income statement purposes was about 36% for the quarter. The company expects to pay about $5.2 million in cash taxes for the full year 2015, and are projecting annual GAAP tax rate to be approximately 38% for fiscal 2015.

Hornbeck Offshore Services, Inc. Amends and Extends Existing $300 Million Revolving Credit Facility

Hornbeck Offshore Services, Inc. announced that on February 6, 2015, the company amended and restated its existing $300 million revolving credit facility to extend the maturity date and modify certain covenants to provide greater financial flexibility to the company. All eight of the company's existing lenders renewed their prior commitments under the facility, with the majority expressing an interest in increasing their allocation had the company wanted to increase the size of the borrowing base above $300 million. The amended facility will provide continued access to existing liquidity for working capital and general corporate purposes, including acquisitions, newbuild and conversion programs and other capital expenditures. The maturity of the new facility has been extended from November 2016 to February 2020, provided that, if the 2019 convertible senior notes remain outstanding on March 1, 2019, the company is required to maintain a specified minimum liquidity level until after the redemption or refinancing of the convertible senior notes. A new total debt-to-capitalization ratio, as defined, has replaced the prior debt-to-EBITDA leverage ratios as a financial covenant and for pricing determination. The maximum total debt-to-capitalization ratio, as defined, is 55% for the first nine fiscal quarters beginning with the quarter ended December 31, 2014 and stepping down to 50% for each fiscal quarter thereafter. The minimum interest coverage ratio will remain unchanged at 3.00-to-1.00. The restricted payment basket under the facility was increased by $87.5 million. The minimum collateral coverage ratio under the new facility has been reduced from 200% of the borrowing base to 150% of the borrowing base.

 

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HJ2

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Valuation HJ2 Industry Range
Price/Earnings 8.7x
Price/Sales 1.2x
Price/Book 0.5x
Price/Cash Flow 3.6x
TEV/Sales NM Not Meaningful
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