Hornbeck Offshore is a cheap, high-quality marine services operator (18% margins, Piotroski 8 of 9) with 47.9% upside to the analyst target, but revenue is down 11% and momentum is deeply negative, so the entry timing is unconfirmed.
Thesis pillars
- Strong Margins Balance Sheet—
- Attractive Valuation Multiples—
- Declining Revenue Weak Growth—
- +2 more pillars — see the Why tab for full reasoning
Hornbeck Offshore Services, Inc (HOS) Stock Analysis
Industrials · Marine Shipping
Sell if holding. Momentum 2.5/10 is below the 5.0 floor at $7.26 — engine's falling-knife protection flags exit rather than catching a breakdown. Specifics: Sector modifier (Industrials): -0.7; Weak growth.
Helix Energy Solutions is an international offshore energy services company specializing in well intervention, robotics and decommissioning. Revenue comes from vessel and robotics contracts with offshore operators; Shell was 18% of 2025 consolidated revenues. On September 1,... Read more
Sell if holding. Momentum 2.5/10 is below the 5.0 floor at $7.26 — engine's falling-knife protection flags exit rather than catching a breakdown. Specifics: Sector modifier (Industrials): -0.7; Weak growth. Chart setup: No clear chart pattern; technical signals are mixed. Score 5.4/10, moderate confidence.
Passes 6/8 gates (favorable risk/reward ratio, clean insider activity, news events none recent, earnings proximity no date, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and SEC filing concern. Suitability: aggressive.
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- LOWCustomerShell18%10-K Item 1: '2025 ... Shell (18%) and Petrobras (10%)'
- MEDIUMCustomersix customers in total backlog10-K Item 1: 'We currently have contracts with six customers that represent approximately 82% of our total backlog as of December 31, 2025'
- MEDIUMProductoffshore renewable energy contracts in Robotics segment49%10-K Item 1: 'revenues derived from offshore renewable energy contracts accounted for 49% of our global Robotics segment revenues'
Material Events(8-K, last 90d)
- 2026-09-01Item 5.01HIGHMerger of Helix Energy Solutions with Hornbeck Offshore Services completed September 1, 2026 after Helix shareholder approval on August 31; Helix converted to a Delaware corporation and the combined company is named Hornbeck Offshore Services, Inc.SEC filing →
- 2026-09-02Item 4.01HIGHAudit committee dismissed KPMG LLP as independent auditor effective September 2, 2026 following completion of the Merger; KPMG reports for 2025 and 2024 contained no adverse opinion. Successor auditor not shown in the provided text.SEC filing →
- 2026-09-04Item 5.02MEDIUMTodd M. Hornbeck entered a second amended and restated employment agreement on September 1, 2026 as President and CEO of the combined company: five-year initial term with automatic one-year renewals.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
3 floor-breakers·1 ceiling hit
Ranks in the bottom of its industry peers on the composite signal. Better names in the same sector exist.static
Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static
Revenue shrinking — -11.3% YoY. Growth thesis broken unless recovery story develops.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Momentum 2.5/10 is below the 5.0 floor at $7.26 — engine's falling-knife protection flags exit rather than catching a breakdown. Specifics: Sector modifier (Industrials): -0.7; Weak growth. Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $6.96. Score 5.4/10, moderate confidence.
Take-profit target: $11.05 (+52.2% upside). Prior stop was $6.96. Stop-loss: $6.96.
Sector modifier (Industrials): -0.7; Weak growth; Negative momentum.
Hornbeck Offshore Services, Inc trades at a P/E of 17.3 (forward 13.4). TrendMatrix value score: 8.9/10. Verdict: Sell.
9 analysts cover HOS with a consensus score of 3.9/5. Average price target: $13.
What does Hornbeck Offshore Services, Inc do?Helix Energy Solutions is an international offshore energy services company specializing in well intervention, robotics...
Helix Energy Solutions is an international offshore energy services company specializing in well intervention, robotics and decommissioning. Revenue comes from vessel and robotics contracts with offshore operators; Shell was 18% of 2025 consolidated revenues. On September 1, 2026 Helix completed its merger with Hornbeck Offshore Services.