Shares of Hornbeck Offshore Services (NYSE:HOS) reached a new 52-week low on Friday . The company traded as low as $5.44 and last traded at $5.47, with a volume of 618,258 shares. The stock had previously closed at $5.60.

A number of equities analysts have recently commented on HOS shares. Morgan Stanley raised shares of 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 report on Wednesday, April 20th. Barclays PLC cut shares of Hornbeck Offshore Services from an “overweight” rating to an “equal weight” rating and set a $11.00 target price on the stock. in a report on Wednesday, April 20th. Stephens raised shares of Hornbeck Offshore Services from an “underweight” rating to an “equal weight” rating in a report on Wednesday, May 11th. Capital One Financial Corp. cut shares of Hornbeck Offshore Services from an “overweight” rating to an “equal weight” rating in a report on Thursday, May 5th. Finally, Zacks Investment Research raised shares of Hornbeck Offshore Services from a “sell” rating to a “hold” rating in a report on Wednesday, April 27th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $12.39.

The company’s market cap is $197.94 million. The company has a 50 day moving average of $8.01 and a 200 day moving average of $8.84.

Hornbeck Offshore Services (NYSE:HOS) last announced its quarterly earnings data 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 company earned $53.67 million during the quarter, compared to analysts’ expectations of $66.74 million. During the same quarter in the previous year, the business earned $0.53 EPS. Hornbeck Offshore Services’s revenue was down 60.7% compared to the same quarter last year. Equities research analysts predict that Hornbeck Offshore Services will post ($1.91) earnings per share for the current fiscal year.

A number of large investors recently modified their holdings of HOS. I.G. Investment Management LTD. raised 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 in the last quarter. Systematic Financial Management LP bought a new stake in shares of Hornbeck Offshore Services during the fourth quarter valued at $1,787,000. State of Wisconsin Investment Board raised its stake 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 valued at $2,545,000 after buying an additional 2,332 shares in the last quarter. Finally, First Trust Advisors LP raised its stake 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 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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