Hornbeck Offshore Services (NYSE:HOS) shares rose 12.3% 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.

HOS has been the subject of a number of research analyst reports. Barclays PLC lowered Hornbeck Offshore Services from an “overweight” rating to an “equal weight” rating and set a $11.00 price objective for the company. in a research report on Wednesday, April 20th. Clarkson Capital upgraded Hornbeck Offshore Services from a “sell” rating to a “neutral” rating in a research report on Friday, May 13th. Zacks Investment Research upgraded Hornbeck Offshore Services from a “sell” rating to a “hold” rating in a research report on Wednesday, April 27th. Morgan Stanley upgraded Hornbeck Offshore Services from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $8.50 to $12.50 in a research 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 research report on Thursday, May 5th. Eight research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Hornbeck Offshore Services has a consensus rating of “Hold” and a consensus price target of $13.65.

The firm’s 50 day moving average is $8.78 and its 200-day moving average is $8.97. The company has a market capitalization of $325.68 million and a PE ratio of 13.93.

Hornbeck Offshore Services (NYSE:HOS) last announced its quarterly earnings data on Wednesday, May 4th. The company reported ($0.21) earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.27) by $0.06. The firm earned $76.80 million during the quarter, compared to analyst estimates of $79.29 million. Hornbeck Offshore Services’s revenue for the quarter was down 42.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.42 earnings per share. On average, analysts expect that Hornbeck Offshore Services will post ($1.45) EPS for the current fiscal year.

Several large investors have recently made changes to their positions in the stock. Systematic Financial Management LP purchased a new stake in shares of Hornbeck Offshore Services during the fourth quarter worth $1,787,000. First Trust Advisors LP raised its stake 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 valued at $2,017,000 after buying an additional 30,016 shares in the last quarter. Columbia Wanger Asset Management LLC raised its stake 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 valued at $2,171,000 after buying an additional 24,311 shares in the last quarter. State of Wisconsin Investment Board raised its stake in shares of 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 valued at $2,545,000 after buying an additional 2,332 shares in the last quarter. Finally, 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 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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