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

A number of brokerages recently weighed in on HOS. Capital One Financial Corp. lowered shares of Hornbeck Offshore Services from an “overweight” rating to an “equal weight” rating in a research note on Thursday, May 5th. Zacks Investment Research upgraded shares of Hornbeck Offshore Services from a “sell” rating to a “hold” rating in a report on Wednesday, April 20th. Morgan Stanley upgraded shares of Hornbeck Offshore Services from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $8.50 to $12.50 in a report on Wednesday, April 20th. Clarkson Capital upgraded shares of Hornbeck Offshore Services from a “sell” rating to a “neutral” rating in a report on Friday, May 13th. Finally, Stephens upgraded shares of Hornbeck Offshore Services from an “underweight” rating to an “equal weight” rating in a report on Wednesday, May 11th. Eight analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $13.65.

The firm has a 50-day moving average price of $8.76 and a 200-day moving average price of $9.00. The company has a market capitalization of $306.87 million and a PE ratio of 13.13.

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

Other hedge funds recently added to or reduced their stakes in the company. First Trust Advisors LP increased its stake in 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. State of Wisconsin Investment Board increased its stake in Hornbeck Offshore Services by 0.9% in the fourth quarter. State of Wisconsin Investment Board now owns 255,990 shares of the company’s stock worth $2,545,000 after buying an additional 2,332 shares in the last quarter. Columbia Wanger Asset Management LLC increased its stake in 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. Principal Financial Group Inc. increased its stake in 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. Finally, Systematic Financial Management LP bought a new stake in Hornbeck Offshore Services during the fourth quarter worth approximately $1,787,000.

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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