Shares of Hornbeck Offshore Services (NYSE:HOS) were down 4.9% during mid-day 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.

A number of analysts have recently weighed in on the stock. Barclays PLC downgraded shares of Hornbeck Offshore Services from an “overweight” rating to an “equal weight” rating and set a $11.00 price target for the company. in a research report on Wednesday, April 20th. Zacks Investment Research downgraded shares of Hornbeck Offshore Services from a “hold” rating to a “sell” rating in a research report on Thursday. Stephens raised shares of Hornbeck Offshore Services from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, May 11th. Clarkson Capital raised shares of Hornbeck Offshore Services from a “sell” rating to a “neutral” rating in a research report on Friday, May 13th. Finally, Morgan Stanley raised shares of Hornbeck Offshore Services from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $8.50 to $12.50 in a research report on Wednesday, April 20th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $13.65.

The stock’s 50 day moving average price is $8.77 and its 200-day moving average price is $8.97. The company has a market cap of $316.64 million and a P/E ratio of 13.54.

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

Several hedge funds and institutional investors have modified their holdings of HOS. I.G. Investment Management LTD. raised its position 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 worth $7,494,000 after buying an additional 378,900 shares during the period. State of Wisconsin Investment Board raised its position 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 worth $2,545,000 after buying an additional 2,332 shares during the period. 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 during the period. 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 during the period. Finally, Systematic Financial Management LP acquired a new position in shares of 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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