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.

HOS has been the topic of a number of research reports. Morgan Stanley upgraded shares of Hornbeck Offshore Services from an “underweight” rating to an “equal weight” rating and increased their price objective for the stock from $8.50 to $12.50 in a research note on Wednesday, April 20th. 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 note on Wednesday, April 20th. Stephens upgraded shares of Hornbeck Offshore Services from an “underweight” rating to an “equal weight” rating in a research note on Wednesday, May 11th. Capital One Financial Corp. lowered shares of Hornbeck Offshore Services from an “overweight” rating to an “equal weight” rating in a research note 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 issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $12.39.

The stock’s 50-day moving average is $7.90 and its 200-day moving average is $8.82. The company’s market cap is $199.85 million.

Hornbeck Offshore Services (NYSE:HOS) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported ($0.57) earnings per share for the quarter, missing the consensus estimate of ($0.39) by $0.18. During the same period in the previous year, the company earned $0.53 EPS. The firm had revenue of $53.67 million for the quarter, compared to analyst estimates of $66.74 million. The company’s revenue was down 60.7% on a year-over-year basis. On average, analysts predict that Hornbeck Offshore Services will post ($1.91) EPS for the current year.

Several institutional investors have made changes to their positions in HOS. I.G. Investment Management LTD. boosted its position 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 worth $7,494,000 after buying an additional 378,900 shares during the last quarter. Systematic Financial Management LP acquired a new position in shares of Hornbeck Offshore Services during the fourth quarter worth approximately $1,787,000. State of Wisconsin Investment Board boosted its position 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 worth $2,545,000 after buying an additional 2,332 shares during the last quarter. Finally, First Trust Advisors LP boosted its position 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 worth $2,017,000 after buying an additional 30,016 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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