Shares of Hornbeck Offshore Services (NYSE:HOS) saw unusually-high trading volume on Friday . Approximately 2,043,786 shares traded hands during mid-day trading, an increase of 99% from the previous session’s volume of 1,029,044 shares.The stock last traded at $6.01 and had previously closed at $6.33.

HOS has been the subject of several recent analyst reports. Morgan Stanley upgraded Hornbeck Offshore Services from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $8.50 to $12.50 in a research note on Wednesday, April 20th. Barclays PLC downgraded 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 note on Wednesday, April 20th. Stephens upgraded Hornbeck Offshore Services from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, May 11th. Capital One Financial Corp. downgraded Hornbeck Offshore Services from an “overweight” rating to an “equal weight” rating in a research report on Thursday, May 5th. Finally, Zacks Investment Research upgraded Hornbeck Offshore Services from a “sell” rating to a “hold” rating in a research report on Wednesday, April 27th. Three analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $13.65.

The company has a market capitalization of $216.76 million and a P/E ratio of 9.27. The stock has a 50 day moving average price of $8.37 and a 200 day moving average price of $8.87.

Hornbeck Offshore Services (NYSE:HOS) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.57) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.39) by $0.18. During the same period in the previous year, the business earned $0.53 EPS. The firm earned $53.67 million during the quarter, compared to analyst estimates of $66.74 million. Hornbeck Offshore Services’s quarterly revenue was down 60.7% on a year-over-year basis. Analysts anticipate that Hornbeck Offshore Services will post ($1.64) EPS for the current year.

Several hedge funds have bought and sold shares of the stock. State of Wisconsin Investment Board boosted 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 period. First Trust Advisors LP boosted 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 period. Systematic Financial Management LP acquired a new stake in Hornbeck Offshore Services during the fourth quarter worth approximately $1,787,000. Finally, I.G. Investment Management LTD. boosted its stake in 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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