Shares of Hornbeck Offshore Services (NYSE:HOS) shot up 9.5% on Monday . The stock traded as high as $6.61 and last traded at $6.56, with a volume of 1,214,290 shares changing hands. The stock had previously closed at $5.99.

Several research firms have weighed in on HOS. Stephens raised Hornbeck Offshore Services from an “underweight” rating to an “equal weight” rating in a report on Wednesday, May 11th. Iberia Capital cut Hornbeck Offshore Services from a “sector perform” rating to an “underperform” rating in a report on Friday. Capital One Financial Corp. cut Hornbeck Offshore Services from an “overweight” rating to an “equal weight” rating in a report on Thursday, May 5th. TheStreet cut Hornbeck Offshore Services from a “hold” rating to a “sell” rating in a report on Wednesday, August 3rd. Finally, Morgan Stanley raised Hornbeck Offshore Services from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $8.50 to $12.50 in a report on Wednesday, April 20th. Three equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $12.39.

The stock has a 50-day moving average of $8.37 and a 200-day moving average of $8.87. The company’s market cap is $241.73 million.

Hornbeck Offshore Services (NYSE:HOS) last issued its earnings results on Wednesday, August 3rd. The company reported ($0.57) EPS for the quarter, missing analysts’ consensus estimates of ($0.39) by $0.18. During the same period in the prior year, the firm posted $0.53 EPS. The company had revenue of $53.67 million for the quarter, compared to analysts’ expectations of $66.74 million. The company’s quarterly revenue was down 60.7% on a year-over-year basis. Equities research analysts predict that Hornbeck Offshore Services will post ($1.74) earnings per share for the current year.

A number of hedge funds have bought and sold shares of HOS. I.G. Investment Management LTD. increased 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 valued at $7,494,000 after buying an additional 378,900 shares in the last quarter. Systematic Financial Management LP acquired a new stake in Hornbeck Offshore Services during the fourth quarter valued at approximately $1,787,000. State of Wisconsin Investment Board increased 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 valued at $2,545,000 after buying an additional 2,332 shares in the last quarter. Finally, First Trust Advisors LP increased 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 valued at $2,017,000 after buying an additional 30,016 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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