Shares of Hornbeck Offshore Services (NYSE:HOS) fell 4.9% during trading on Wednesday . The stock traded as low as $8.75 and last traded at $8.95, with a volume of 520,255 shares changing hands. The stock had previously closed at $9.41.

Several research firms have recently commented on HOS. Stephens raised shares of Hornbeck Offshore Services from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, May 11th. Capital One Financial Corp. cut shares of Hornbeck Offshore Services from an “overweight” rating to an “equal weight” rating in a research note on Thursday, May 5th. 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. Zacks Investment Research upgraded shares of Hornbeck Offshore Services from a “sell” rating to a “hold” rating in a report on Wednesday, April 20th. Finally, Clarkson Capital upgraded shares of Hornbeck Offshore Services from a “sell” rating to a “neutral” rating in a report on Friday, May 13th. Eight investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $13.65.

The company has a market cap of $325.68 million and a price-to-earnings ratio of 13.93. The company has a 50 day moving average price of $8.77 and a 200 day moving average price of $8.97.

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

Several large investors recently made changes to their positions in HOS. I.G. Investment Management LTD. raised its stake in shares of 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 period. State of Wisconsin Investment Board raised 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 during the last quarter. Columbia Wanger Asset Management LLC raised 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 during the last quarter. First Trust Advisors LP raised 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 during the last quarter. Finally, Systematic Financial Management LP acquired a new stake in Hornbeck Offshore Services during the fourth quarter worth $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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