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

HOS has been the topic of a number of analyst reports. Iberia Capital cut Hornbeck Offshore Services from a “sector perform” rating to an “underperform” rating in a research report on Friday, August 5th. Zacks Investment Research cut Hornbeck Offshore Services from a “hold” rating to a “sell” rating in a research report on Thursday, July 14th. TheStreet cut Hornbeck Offshore Services from a “hold” rating to a “sell” rating in a research report on Wednesday, August 3rd. Stephens upgraded Hornbeck Offshore Services from an “underweight” rating to an “equal weight” rating in a research report on Wednesday, May 11th. Finally, Clarkson Capital upgraded Hornbeck Offshore Services from a “sell” rating to a “neutral” rating in a research report on Friday, May 13th. Two 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 company’s stock. Hornbeck Offshore Services has an average rating of “Hold” and an average price target of $12.39.

The stock’s market cap is $210.93 million. The stock’s 50-day moving average is $7.58 and its 200-day moving average is $8.76.

Hornbeck Offshore Services (NYSE:HOS) last posted its quarterly 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 business earned $0.53 earnings per share. The firm earned $53.67 million during the quarter, compared to the consensus estimate of $66.74 million. The business’s quarterly revenue was down 60.7% compared to the same quarter last year. On average, equities analysts forecast that Hornbeck Offshore Services will post ($1.92) EPS for the current year.

Several institutional investors have bought and sold shares of the company. I.G. Investment Management LTD. boosted 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 period. Systematic Financial Management LP purchased a new stake in shares of Hornbeck Offshore Services during the fourth quarter worth $1,787,000. Finally, 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 worth $2,545,000 after buying an additional 2,332 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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