Hornbeck Offshore Services (NYSE:HOS)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as $5.28 and last traded at $5.33, with a volume of 395,207 shares changing hands. The stock had previously closed at $5.44.

Several equities analysts have recently commented on the stock. 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. Stephens raised shares of Hornbeck Offshore Services from an “underweight” rating to an “equal weight” rating in a 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 report on Thursday, August 11th. Iberia Capital lowered shares of Hornbeck Offshore Services from a “sector perform” rating to an “underperform” rating in a report on Friday, August 5th. Finally, Clarkson Capital raised shares of Hornbeck Offshore Services from a “sell” rating to a “neutral” rating in a report on Friday, May 13th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company’s stock. Hornbeck Offshore Services presently has an average rating of “Hold” and a consensus price target of $12.39.

The company’s 50 day moving average price is $7.14 and its 200-day moving average price is $8.67. The stock’s market cap is $199.12 million.

Hornbeck Offshore Services (NYSE:HOS) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.57) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.39) by $0.18. The firm had revenue of $53.67 million for the quarter, compared to analysts’ expectations of $66.74 million. During the same quarter last year, the firm posted $0.53 earnings per share. The company’s quarterly revenue was down 60.7% on a year-over-year basis. On average, equities research analysts anticipate that Hornbeck Offshore Services will post ($1.93) earnings per share for the current year.

An institutional investor recently raised its position in Hornbeck Offshore Services stock. Schwab Charles Investment Management Inc. boosted its position in Hornbeck Offshore Services (NYSE:HOS) by 10.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 189,389 shares of the company’s stock after buying an additional 18,355 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.53% of Hornbeck Offshore Services worth $1,883,000 at the end of the most recent reporting period.

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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