Hornbeck Offshore Services (NYSE:HOS) fell 3% during mid-day trading on Wednesday . The company traded as low as $5.30 and last traded at $5.47, with a volume of 535,966 shares changing hands. The stock had previously closed at $5.64.

A number of 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 raised shares of Hornbeck Offshore Services from an “underweight” rating to an “equal weight” rating and increased their price target for the company from $8.50 to $12.50 in a research report on Wednesday, April 20th. Stephens raised 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 raised shares of Hornbeck Offshore Services from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 11th. Finally, Barclays PLC cut shares of 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 report on Wednesday, April 20th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $12.39.

The stock has a 50-day moving average of $7.75 and a 200 day moving average of $8.80. The firm’s market capitalization is $199.85 million.

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 consensus estimate of ($0.39) by $0.18. The business had revenue of $53.67 million for the quarter, compared to the consensus estimate of $66.74 million. The firm’s revenue for the quarter was down 60.7% compared to the same quarter last year. During the same period last year, the firm earned $0.53 earnings per share. Equities research analysts anticipate that Hornbeck Offshore Services will post ($1.92) earnings per share for the current year.

A number of hedge funds and institutional investors have recently bought and sold shares of the company. 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 valued at $7,494,000 after buying an additional 378,900 shares during the last quarter. Systematic Financial Management LP purchased a new position in Hornbeck Offshore Services during the fourth quarter valued at approximately $1,787,000. Finally, 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 valued at $2,545,000 after buying an additional 2,332 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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