Hornbeck Offshore Services (NYSE:HOS) shares fell 3.5% on Wednesday . The stock traded as low as $7.80 and last traded at $7.95, with a volume of 750,763 shares trading hands. The stock had previously closed at $8.24.

Several brokerages have weighed in on HOS. Capital One Financial Corp. downgraded Hornbeck Offshore Services from an “overweight” rating to an “equal weight” rating in a research note on Thursday, May 5th. Zacks Investment Research upgraded Hornbeck Offshore Services from a “sell” rating to a “hold” rating in a research note on Wednesday, April 20th. Morgan Stanley upgraded Hornbeck Offshore Services from an “underweight” rating to an “equal weight” rating and lifted their target price for the company from $8.50 to $12.50 in a research note on Wednesday, April 20th. Clarkson Capital upgraded Hornbeck Offshore Services from a “sell” rating to a “neutral” rating in a research note on Friday, May 13th. Finally, Stephens upgraded Hornbeck Offshore Services from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, May 11th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company. Hornbeck Offshore Services has a consensus rating of “Hold” and an average target price of $13.65.

The stock has a 50-day moving average of $8.73 and a 200 day moving average of $8.91. The stock has a market capitalization of $289.13 million and a PE ratio of 12.37.

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

Other hedge funds have recently made changes to their positions in the company. I.G. Investment Management LTD. boosted 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 last quarter. Systematic Financial Management LP bought a new position in Hornbeck Offshore Services during the fourth quarter valued at approximately $1,787,000. 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 valued at $2,017,000 after buying an additional 30,016 shares during the period. Finally, 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 valued at $2,545,000 after buying an additional 2,332 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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