Shares of Hornbeck Offshore Services (NYSE:HOS) traded down 4.8% on Tuesday . The company traded as low as $8.42 and last traded at $8.42, with a volume of 237,138 shares traded. The stock had previously closed at $8.84.

A number of analysts have recently weighed in on the company. Zacks Investment Research raised Hornbeck Offshore Services from a “sell” rating to a “hold” rating in a research report on Wednesday, April 27th. Morgan Stanley raised Hornbeck Offshore Services from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $8.50 to $12.50 in a research report on Wednesday, April 20th. Barclays PLC lowered Hornbeck Offshore Services from an “overweight” rating to an “equal weight” rating and set a $11.00 price objective on the stock. in a research report on Wednesday, April 20th. 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. Finally, Stephens raised Hornbeck Offshore Services from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, May 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $13.65.

The company has a market capitalization of $312.66 million and a P/E ratio of 13.37. The stock’s 50-day moving average is $8.79 and its 200-day moving average is $8.94.

Hornbeck Offshore Services (NYSE:HOS) last announced its quarterly earnings results 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 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 business earned $0.42 EPS. Analysts forecast that Hornbeck Offshore Services will post ($1.45) EPS for the current fiscal year.

Several institutional investors recently made changes to their positions in the stock. Systematic Financial Management LP bought a new position in shares of Hornbeck Offshore Services during the fourth quarter worth $1,787,000. 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. 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. 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. Finally, 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.

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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