Shares of Hornbeck Offshore Services (NYSE:HOS) fell 7.7% during mid-day trading on Wednesday . The stock traded as low as $5.86 and last traded at $5.87, with a volume of 653,590 shares changing hands. The stock had previously closed at $6.36.

Several brokerages have recently issued reports on HOS. Capital One Financial Corp. cut shares of Hornbeck Offshore Services from an “overweight” rating to an “equal weight” rating in a research report on Thursday, May 5th. Morgan Stanley upgraded shares of Hornbeck Offshore Services from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $8.50 to $12.50 in a research report on Wednesday, April 20th. Stephens upgraded shares of Hornbeck Offshore Services from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, May 11th. Zacks Investment Research upgraded shares of Hornbeck Offshore Services from a “sell” rating to a “hold” rating in a research report on Wednesday, April 27th. Finally, Barclays PLC lowered shares of 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. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $12.39.

The company’s market cap is $209.16 million. The company has a 50-day moving average price of $8.21 and a 200 day moving average price of $8.88.

Hornbeck Offshore Services (NYSE:HOS) last announced its earnings results on Wednesday, August 3rd. The company reported ($0.57) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.39) by $0.18. The firm had revenue of $53.67 million for the quarter, compared to analyst estimates of $66.74 million. During the same quarter last year, the business posted $0.53 EPS. The firm’s revenue for the quarter was down 60.7% on a year-over-year basis. Analysts anticipate that Hornbeck Offshore Services will post ($1.86) earnings per share for the current fiscal year.

A number of institutional investors have bought and sold shares of the company. Systematic Financial Management LP acquired a new position in Hornbeck Offshore Services during the fourth quarter worth $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 worth $2,017,000 after buying an additional 30,016 shares during the last quarter. 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 worth $2,545,000 after buying an additional 2,332 shares during the last quarter. Finally, I.G. Investment Management LTD. raised its position 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 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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