Hornbeck Offshore Services (HOS)
Market Price (9/1/2026): $0 | Market Cap: $-Sector: Industrials | Industry: Marine Transportation
Hornbeck Offshore Services (HOS)
Market Price (9/1/2026): $0Market Cap: $-Sector: IndustrialsIndustry: Marine Transportation
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Megatrend and thematic driversMegatrends include Offshore Wind Development, and US Energy Independence. Themes include Offshore Wind Project Development, and US Oilfield Technologies. |
| Megatrend and thematic driversMegatrends include Offshore Wind Development, and US Energy Independence. Themes include Offshore Wind Project Development, and US Oilfield Technologies. |
Qualitative Assessment
AI Analysis | Feedback
Updated on 8/1/2026
Hornbeck Offshore Services (HOS) stock has remained largely at the same level since 5/31/2026 because of the following key factors:
1. Anticipation of the Helix Energy Solutions Merger Culminating in Shareholder Approval.
Hornbeck Offshore Services' stock remained largely stable since late fiscal Q2 2026 (ending June 2026) as the market awaited the finalization of its all-stock merger with Helix Energy Solutions. The definitive agreement for the merger was announced on April 23, 2026, with Helix shareholders officially approving the combination on August 31, 2026, and the transaction expected to close on September 1, 2026. This created a period of holding for investors, as the market had likely priced in the initial announcement and then settled, awaiting the formal closure and the transition to the combined entity where Hornbeck securityholders will own approximately 55% of the new company.
2. Mixed and Volatile Macroeconomic Conditions in the Oil & Gas Sector.
The broader oil and gas market presented mixed signals during fiscal Q3 2026, contributing to a balanced, stable trading environment for Hornbeck. Brent crude oil prices, a key indicator for offshore services, experienced notable volatility, declining from $92.16 per barrel on June 1, 2026, to a low of $68.55 by July 6, before rebounding to $92.19 on July 23, and then settling around $84.95 by August 24, 2026. While Fitch Ratings upgraded the global Oil & Gas sector outlook to 'improving' in June 2026, forecasting an average Brent price of $87 per barrel for 2026, this was tempered by projections of market oversupply returning in fiscal Q4 2026, potentially suppressing prices. Additionally, the U.S. active rig count saw a slight increase from 567 at the end of fiscal Q2 2026 to 576 rigs by August 2026, indicating some stability but not a significant boom to drive substantial stock appreciation.
Show more
Hornbeck Offshore Services (HOS) stock has remained largely at the same level since 5/31/2026 because of the following key factors:
1. Anticipation of the Helix Energy Solutions Merger Culminating in Shareholder Approval.
Hornbeck Offshore Services' stock remained largely stable since late fiscal Q2 2026 (ending June 2026) as the market awaited the finalization of its all-stock merger with Helix Energy Solutions. The definitive agreement for the merger was announced on April 23, 2026, with Helix shareholders officially approving the combination on August 31, 2026, and the transaction expected to close on September 1, 2026. This created a period of holding for investors, as the market had likely priced in the initial announcement and then settled, awaiting the formal closure and the transition to the combined entity where Hornbeck securityholders will own approximately 55% of the new company.
2. Mixed and Volatile Macroeconomic Conditions in the Oil & Gas Sector.
The broader oil and gas market presented mixed signals during fiscal Q3 2026, contributing to a balanced, stable trading environment for Hornbeck. Brent crude oil prices, a key indicator for offshore services, experienced notable volatility, declining from $92.16 per barrel on June 1, 2026, to a low of $68.55 by July 6, before rebounding to $92.19 on July 23, and then settling around $84.95 by August 24, 2026. While Fitch Ratings upgraded the global Oil & Gas sector outlook to 'improving' in June 2026, forecasting an average Brent price of $87 per barrel for 2026, this was tempered by projections of market oversupply returning in fiscal Q4 2026, potentially suppressing prices. Additionally, the U.S. active rig count saw a slight increase from 567 at the end of fiscal Q2 2026 to 576 rigs by August 2026, indicating some stability but not a significant boom to drive substantial stock appreciation.
Show more
Updated on 8/1/2026
Hornbeck Offshore Services (HOS) stock has remained largely at the same level since 5/31/2026 because of the following key factors:
1. Anticipation of the Helix Energy Solutions Merger Culminating in Shareholder Approval.
Hornbeck Offshore Services' stock remained largely stable since late fiscal Q2 2026 (ending June 2026) as the market awaited the finalization of its all-stock merger with Helix Energy Solutions. The definitive agreement for the merger was announced on April 23, 2026, with Helix shareholders officially approving the combination on August 31, 2026, and the transaction expected to close on September 1, 2026. This created a period of holding for investors, as the market had likely priced in the initial announcement and then settled, awaiting the formal closure and the transition to the combined entity where Hornbeck securityholders will own approximately 55% of the new company.
2. Mixed and Volatile Macroeconomic Conditions in the Oil & Gas Sector.
The broader oil and gas market presented mixed signals during fiscal Q3 2026, contributing to a balanced, stable trading environment for Hornbeck. Brent crude oil prices, a key indicator for offshore services, experienced notable volatility, declining from $92.16 per barrel on June 1, 2026, to a low of $68.55 by July 6, before rebounding to $92.19 on July 23, and then settling around $84.95 by August 24, 2026. While Fitch Ratings upgraded the global Oil & Gas sector outlook to 'improving' in June 2026, forecasting an average Brent price of $87 per barrel for 2026, this was tempered by projections of market oversupply returning in fiscal Q4 2026, potentially suppressing prices. Additionally, the U.S. active rig count saw a slight increase from 567 at the end of fiscal Q2 2026 to 576 rigs by August 2026, indicating some stability but not a significant boom to drive substantial stock appreciation.
3. Limited New Major Company-Specific Operational Catalysts Prior to Merger Completion.
Beyond the overarching merger discussions, there were no other significant, new company-specific operational announcements or earnings reports for Hornbeck Offshore Services during fiscal Q3 2026 that would have dramatically shifted investor sentiment or stock valuation. The company did announce a partnership with Deployable Energy in August 2026 to explore compact nuclear reactor deployments, but this news occurred late in the specified period and likely did not have enough time to generate a sustained price movement, especially with the imminent merger dominating investor focus. The absence of other major contract wins, significant fleet expansions (outside of the merger), or unexpected financial performance reports contributed to the stock's steady trajectory as the market waited for the combined entity to begin operations.
Show less
Hornbeck Offshore Services (HOS) stock has remained largely at the same level since 5/31/2026 because of the following key factors:
1. Anticipation of the Helix Energy Solutions Merger Culminating in Shareholder Approval.
Hornbeck Offshore Services' stock remained largely stable since late fiscal Q2 2026 (ending June 2026) as the market awaited the finalization of its all-stock merger with Helix Energy Solutions. The definitive agreement for the merger was announced on April 23, 2026, with Helix shareholders officially approving the combination on August 31, 2026, and the transaction expected to close on September 1, 2026. This created a period of holding for investors, as the market had likely priced in the initial announcement and then settled, awaiting the formal closure and the transition to the combined entity where Hornbeck securityholders will own approximately 55% of the new company.
2. Mixed and Volatile Macroeconomic Conditions in the Oil & Gas Sector.
The broader oil and gas market presented mixed signals during fiscal Q3 2026, contributing to a balanced, stable trading environment for Hornbeck. Brent crude oil prices, a key indicator for offshore services, experienced notable volatility, declining from $92.16 per barrel on June 1, 2026, to a low of $68.55 by July 6, before rebounding to $92.19 on July 23, and then settling around $84.95 by August 24, 2026. While Fitch Ratings upgraded the global Oil & Gas sector outlook to 'improving' in June 2026, forecasting an average Brent price of $87 per barrel for 2026, this was tempered by projections of market oversupply returning in fiscal Q4 2026, potentially suppressing prices. Additionally, the U.S. active rig count saw a slight increase from 567 at the end of fiscal Q2 2026 to 576 rigs by August 2026, indicating some stability but not a significant boom to drive substantial stock appreciation.
3. Limited New Major Company-Specific Operational Catalysts Prior to Merger Completion.
Beyond the overarching merger discussions, there were no other significant, new company-specific operational announcements or earnings reports for Hornbeck Offshore Services during fiscal Q3 2026 that would have dramatically shifted investor sentiment or stock valuation. The company did announce a partnership with Deployable Energy in August 2026 to explore compact nuclear reactor deployments, but this news occurred late in the specified period and likely did not have enough time to generate a sustained price movement, especially with the imminent merger dominating investor focus. The absence of other major contract wins, significant fleet expansions (outside of the merger), or unexpected financial performance reports contributed to the stock's steady trajectory as the market waited for the combined entity to begin operations.
Show less
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Stock Movement Drivers
Fundamental Drivers
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Market Drivers
5/31/2026 to 8/31/2026| Return | Correlation | |
|---|---|---|
| HOS | 0.0% | |
| Market (SPY) | 1.4% | � |
| Sector (XLI) | 1.2% | � |
Fundamental Drivers
nullnull
Market Drivers
2/28/2026 to 8/31/2026| Return | Correlation | |
|---|---|---|
| HOS | 0.0% | |
| Market (SPY) | 12.1% | � |
| Sector (XLI) | -0.9% | � |
Fundamental Drivers
nullnull
Market Drivers
8/31/2025 to 8/31/2026| Return | Correlation | |
|---|---|---|
| HOS | 0.0% | |
| Market (SPY) | 19.9% | � |
| Sector (XLI) | 16.4% | � |
Fundamental Drivers
nullnull
Market Drivers
8/31/2023 to 8/31/2026| Return | Correlation | |
|---|---|---|
| HOS | 0.0% | |
| Market (SPY) | 76.3% | � |
| Sector (XLI) | 68.5% | � |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| HOS Return | - | - | - | - | - | - | - |
| Peers Return | 35% | 43% | 43% | 3% | -6% | 57% | 317% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 13% | 105% |
Monthly Win Rates [3] | |||||||
| HOS Win Rate | - | - | - | - | - | - | |
| Peers Win Rate | 50% | 58% | 67% | 58% | 48% | 69% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| HOS Max Drawdown | - | - | - | - | - | - | |
| Peers Max Drawdown | -31% | -36% | -23% | -32% | -39% | -16% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: KEX, MATX, SFL, SMHI.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/31/2026 (YTD)
How Low Can It Go
| Event | HOS | S&P 500 |
|---|---|---|
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -71.1% | -3.7% |
| % Gain to Breakeven | 246.1% | 3.9% |
| Time to Breakeven | 409 days | 6 days |
| 2013 Taper Tantrum | ||
| % Loss | -12.6% | -0.2% |
| % Gain to Breakeven | 14.4% | 0.2% |
| Time to Breakeven | 41 days | 1 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -30.4% | -17.9% |
| % Gain to Breakeven | 43.8% | 21.8% |
| Time to Breakeven | 24 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -41.8% | -15.4% |
| % Gain to Breakeven | 71.9% | 18.2% |
| Time to Breakeven | 142 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -76.9% | -53.4% |
| % Gain to Breakeven | 332.1% | 114.4% |
| Time to Breakeven | 1482 days | 1085 days |
| Summer 2007 Credit Crunch | ||
| % Loss | -10.8% | -8.6% |
| % Gain to Breakeven | 12.1% | 9.5% |
| Time to Breakeven | 37 days | 47 days |
In The Past
Hornbeck Offshore Services's stock fell -71.1% during the 2016-2017 Trump Reflation Bond Selloff. Such a loss loss requires a 246.1% gain to breakeven.
Preserve Wealth
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Asset Allocation
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| Event | HOS | S&P 500 |
|---|---|---|
| 2016-2017 Trump Reflation Bond Selloff | ||
| % Loss | -71.1% | -3.7% |
| % Gain to Breakeven | 246.1% | 3.9% |
| Time to Breakeven | 409 days | 6 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -30.4% | -17.9% |
| % Gain to Breakeven | 43.8% | 21.8% |
| Time to Breakeven | 24 days | 123 days |
| 2010 Eurozone Sovereign Debt Crisis / Flash Crash | ||
| % Loss | -41.8% | -15.4% |
| % Gain to Breakeven | 71.9% | 18.2% |
| Time to Breakeven | 142 days | 125 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -76.9% | -53.4% |
| % Gain to Breakeven | 332.1% | 114.4% |
| Time to Breakeven | 1482 days | 1085 days |
In The Past
Hornbeck Offshore Services's stock fell -71.1% during the 2016-2017 Trump Reflation Bond Selloff. Such a loss loss requires a 246.1% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
Peer Outperformance in Marine Transportation
nullShare of Marine Transportation constituents that HOS has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
—
insufficient peer history
3Y
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insufficient peer history
5Y
—
insufficient peer history
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Median price return by industry across the Industrials sector, ranked by 5Y. Marine Transportation is HOS's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Construction & Engineering | 31 | 15.3% | 103.8% | 188.4% | CDNL 2745% · FIX 2011% · STRL 1949% |
| Marine Transportation ← | 4 | 58.0% | 56.2% | 151.3% | MATX 198% · KEX 162% · SFL 140% |
| Construction Machinery & Heavy Transportation Equipment | 13 | 12.3% | 53.5% | 109.1% | CAT 318% · ALSN 257% · WAB 232% |
| Aerospace & Defense | 55 | -0.7% | 58.4% | 77.7% | ATI 1057% · FTAI 868% · HWM 679% |
| Passenger Ground Transportation | 3 | -6.8% | 37.0% | 66.6% | UBER 86% · CAR 67% · LYFT -65% |
| Rail Transportation | 7 | 32.2% | 72.0% | 50.9% | FSTR 126% · CSX 66% · UNP 55% |
| Industrial Machinery & Supplies & Components | 71 | 6.7% | 43.3% | 45.9% | CRS 1402% · PSIX 843% · GHM 622% |
| Cargo Ground Transportation | 16 | 38.2% | 2.1% | 38.5% | XPO 267% · R 249% · CVLG 206% |
| Trading Companies & Distributors | 19 | 1.5% | 30.3% | 33.0% | DXPE 535% · AIT 286% · URI 210% |
| Diversified Support Services | 33 | 10.7% | 30.8% | 27.0% | LIME 4595% · TH 368% · WLFC 354% |
| Electrical Components & Equipment | 41 | 17.3% | 47.0% | 20.1% | POWL 2196% · ELVA 896% · BE 842% |
| Building Products | 33 | -9.5% | 3.7% | 20.0% | LMB 440% · GFF 389% · PPIH 291% |
| Research & Consulting Services | 13 | -8.6% | -18.3% | -2.4% | HURN 223% · CRAI 96% · GRNQ 58% |
| Environmental & Facilities Services | 29 | -9.8% | 15.8% | -5.2% | CECO 844% · ADUR 556% · NVRI 344% |
| Industrial Conglomerates | 17 | 12.5% | 7.3% | -6.6% | RCMT 706% · CSW 143% · CSL 75% |
| Agricultural & Farm Machinery | 17 | 4.3% | -8.4% | -17.2% | BLBD 179% · DE 86% · GENC 61% |
| Data Processing & Outsourced Services | 6 | -30.1% | -11.3% | -24.7% | EXLS 55% · BR 16% · G -21% |
| Passenger Airlines | 11 | 1.2% | -4.8% | -27.8% | LTM 2230% · UAL 134% · SKYW 106% |
| Office Services & Supplies | 9 | 11.5% | 17.2% | -29.0% | PBI 178% · TILE 165% · HNI 51% |
| Human Resource & Employment Services | 22 | 8.1% | -18.9% | -35.7% | BBSI 89% · ADP 54% · KFY 33% |
| Air Freight & Logistics | 12 | -9.3% | -26.3% | -37.3% | CHRW 89% · FDX 70% · EXPD 63% |
| Security & Alarm Services | 10 | -32.6% | 10.8% | -42.9% | CIX 103% · MG 78% · BCO 47% |
| Airport Services | 3 | -68.9% | -75.9% | -59.8% | JOBY -45% · ASLE -60% · UP -100% |
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | - |
| Mkt Cap | 4.2 |
| Rev LTM | 2,086 |
| Op Inc LTM | 343 |
| FCF LTM | 164 |
| FCF 3Y Avg | 128 |
| CFO LTM | 424 |
| CFO 3Y Avg | 451 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | -8.2% |
| Rev Chg 3Y Avg | 1.6% |
| Rev Chg Q | 5.5% |
| QoQ Delta Rev Chg LTM | 1.4% |
| Op Inc Chg LTM | -14.3% |
| Op Inc Chg 3Y Avg | 1.1% |
| Op Mgn LTM | 14.1% |
| Op Mgn 3Y Avg | 13.8% |
| QoQ Delta Op Mgn LTM | 0.2% |
| CFO/Rev LTM | 18.6% |
| CFO/Rev 3Y Avg | 18.5% |
| FCF/Rev LTM | 8.4% |
| FCF/Rev 3Y Avg | 5.0% |
Price Behavior
null
HOS Betas & Captures as of 8/31/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | � | � | � | � | � | � |
| Up Beta | � | � | � | � | � | � |
| Down Beta | � | � | � | � | � | � |
| Up Capture | 0% | 0% | 0% | 0% | 0% | 0% |
| Bmk +ve Days | 10 | 21 | 32 | 68 | 138 | 427 |
| Stock +ve Days | 0 | 0 | 0 | 0 | 0 | 0 |
| Down Capture | -0% | -0% | -0% | -0% | -0% | -0% |
| Bmk -ve Days | 11 | 21 | 32 | 59 | 113 | 324 |
| Stock -ve Days | 0 | 0 | 0 | 0 | 0 | 0 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HOS | |
|---|---|---|---|---|
| HOS | - | - | - | - |
| Sector ETF (XLI) | 15.4% | 17.1% | 0.67 | - |
| Equity (SPY) | 19.3% | 12.8% | 1.11 | - |
| Gold (GLD) | 29.8% | 29.0% | 0.89 | - |
| Commodities (DBC) | 41.3% | 20.4% | 1.58 | - |
| Real Estate (VNQ) | 9.2% | 13.7% | 0.40 | - |
| Bitcoin (BTCUSD) | -30.9% | 43.7% | -0.72 | - |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HOS | |
|---|---|---|---|---|
| HOS | - | - | - | - |
| Sector ETF (XLI) | 12.7% | 17.6% | 0.56 | - |
| Equity (SPY) | 12.9% | 17.2% | 0.57 | - |
| Gold (GLD) | 19.4% | 18.7% | 0.84 | - |
| Commodities (DBC) | 11.0% | 19.5% | 0.44 | - |
| Real Estate (VNQ) | 1.9% | 18.9% | -0.00 | - |
| Bitcoin (BTCUSD) | 9.5% | 52.7% | 0.36 | - |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with HOS | |
|---|---|---|---|---|
| HOS | -31.6% | 138.8% | -0.17 | - |
| Sector ETF (XLI) | 13.4% | 20.0% | 0.59 | 15.9% |
| Equity (SPY) | 15.2% | 17.9% | 0.72 | 14.7% |
| Gold (GLD) | 12.3% | 16.3% | 0.62 | -5.4% |
| Commodities (DBC) | 7.6% | 18.1% | 0.34 | 20.6% |
| Real Estate (VNQ) | 4.9% | 20.7% | 0.20 | 10.8% |
| Bitcoin (BTCUSD) | 63.4% | 66.2% | 1.03 | 6.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 6/11/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| SUMMARY STATS | |||
| # Positive | 0 | 0 | 0 |
| # Negative | 0 | 0 | 0 |
| Median Positive | |||
| Median Negative | |||
| Max Positive | |||
| Max Negative | |||
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 01/13/2026 | S-1/A |
| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2025 | 01/13/2026 | S-1/A |
Industry Resources
| Industrials Resources |
| IndustryWeek |
| Manufacturing.net |
| Aviation Week |
| Marine Transportation Resources |
| The Maritime Executive |
| MarineLink |
| gCaptain |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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Core Cache Last Updated: 8/31/2026