Hornbeck Offshore Services (NYSE:HOS) fell 3% during trading on Thursday . The company traded as low as $7.94 and last traded at $8.00, with a volume of 703,168 shares changing hands. The stock had previously closed at $8.25.

A number of research firms have commented on HOS. Zacks Investment Research raised Hornbeck Offshore Services from a “sell” rating to a “hold” rating in a report on Wednesday, April 27th. Morgan Stanley raised Hornbeck Offshore Services from an “underweight” rating to an “equal weight” rating and raised their price target for the company from $8.50 to $12.50 in a report on Wednesday, April 20th. Barclays PLC cut Hornbeck Offshore Services from an “overweight” rating to an “equal weight” rating and set a $11.00 target price on the stock. in a report on Wednesday, April 20th. Capital One Financial Corp. cut Hornbeck Offshore Services from an “overweight” rating to an “equal weight” rating in a report on Thursday, May 5th. Finally, Stephens raised Hornbeck Offshore Services from an “underweight” rating to an “equal weight” rating in a report on Wednesday, May 11th. Eight investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Hornbeck Offshore Services has an average rating of “Hold” and a consensus target price of $13.65.

The firm has a 50 day moving average of $8.76 and a 200 day moving average of $9.00. The company has a market cap of $287.69 million and a P/E ratio of 12.31.

Hornbeck Offshore Services (NYSE:HOS) last posted its earnings results on Wednesday, May 4th. The company reported ($0.21) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.27) by $0.06. The firm had revenue of $76.80 million for the quarter, compared to analysts’ expectations of $79.29 million. The company’s revenue was down 42.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.42 earnings per share. Equities analysts predict that Hornbeck Offshore Services will post ($1.45) EPS for the current fiscal year.

Several large investors have recently bought and sold shares of the company. I.G. Investment Management LTD. raised its stake in Hornbeck Offshore Services by 101.0% in the fourth quarter. I.G. Investment Management LTD. now owns 753,900 shares of the company’s stock valued at $7,494,000 after buying an additional 378,900 shares during the last quarter. Systematic Financial Management LP bought a new position in shares of Hornbeck Offshore Services during the fourth quarter worth $1,787,000. First Trust Advisors LP raised its position in shares of Hornbeck Offshore Services by 17.4% in the fourth quarter. First Trust Advisors LP now owns 202,967 shares of the company’s stock worth $2,017,000 after buying an additional 30,016 shares in the last quarter. Columbia Wanger Asset Management LLC raised its position in shares of Hornbeck Offshore Services by 12.5% in the fourth quarter. Columbia Wanger Asset Management LLC now owns 218,401 shares of the company’s stock worth $2,171,000 after buying an additional 24,311 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Hornbeck Offshore Services by 4.6% in the fourth quarter. Principal Financial Group Inc. now owns 210,641 shares of the company’s stock worth $2,094,000 after buying an additional 9,326 shares in the last quarter.

Hornbeck Offshore Services Inc provides 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 for the deepwater and ultradeepwater energy industry in domestic and select foreign locations.

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