Shares of Hornbeck Offshore Services (NYSE:HOS) were up 12.3% during trading on Tuesday . The company traded as high as $9.54 and last traded at $9.50, with a volume of 358,991 shares changing hands. The stock had previously closed at $8.46.

A number of analysts have recently commented on HOS shares. Barclays PLC lowered Hornbeck Offshore Services from an “overweight” rating to an “equal weight” rating and set a $11.00 price target on the stock. in a report on Wednesday, April 20th. Clarkson Capital upgraded Hornbeck Offshore Services from a “sell” rating to a “neutral” rating in a report on Friday, May 13th. Zacks Investment Research upgraded Hornbeck Offshore Services from a “sell” rating to a “hold” rating in a report on Wednesday, April 27th. Morgan Stanley upgraded Hornbeck Offshore Services from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $8.50 to $12.50 in a report on Wednesday, April 20th. Finally, Capital One Financial Corp. lowered Hornbeck Offshore Services from an “overweight” rating to an “equal weight” rating in a report on Thursday, May 5th. Eight research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $13.65.

The firm has a market cap of $340.52 million and a PE ratio of 14.57. The firm has a 50-day moving average price of $8.74 and a 200 day moving average price of $8.97.

Hornbeck Offshore Services (NYSE:HOS) last released its quarterly earnings results on Wednesday, May 4th. The company reported ($0.21) EPS for the quarter, beating analysts’ consensus estimates 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 firm’s revenue for the quarter was down 42.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.42 earnings per share. On average, analysts forecast that Hornbeck Offshore Services will post ($1.45) EPS for the current year.

Several hedge funds and institutional investors have recently added to or reduced their stakes in HOS. I.G. Investment Management LTD. raised its position 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 worth $7,494,000 after buying an additional 378,900 shares during the period. State of Wisconsin Investment Board raised its position 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 during the period. Columbia Wanger Asset Management LLC raised its position 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 during the period. First Trust Advisors LP raised its position 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 during the period. Finally, Systematic Financial Management LP purchased a new position 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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