Shares of Hornbeck Offshore Services (NYSE:HOS) were down 3.4% during trading on Wednesday . The company traded as low as $5.41 and last traded at $5.46, with a volume of 364,788 shares changing hands. The stock had previously closed at $5.65.

HOS has been the topic of several research reports. Clarkson Capital upgraded shares of Hornbeck Offshore Services from a “sell” rating to a “neutral” rating in a report on Friday, May 13th. Zacks Investment Research lowered shares of Hornbeck Offshore Services from a “hold” rating to a “sell” rating in a report on Wednesday, July 20th. TheStreet lowered shares of Hornbeck Offshore Services from a “hold” rating to a “sell” rating in a report on Wednesday, August 3rd. Capital One Financial Corp. lowered shares of Hornbeck Offshore Services from an “overweight” rating to an “equal weight” rating in a report on Thursday, May 5th. Finally, Iberia Capital lowered shares of Hornbeck Offshore Services from a “sector perform” rating to an “underperform” rating in a report on Friday, August 5th. Two analysts have rated the stock with a sell rating, seven have assigned 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 target price of $12.39.

The company’s 50 day moving average is $6.88 and its 200-day moving average is $8.67. The stock’s market capitalization is $198.76 million.

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 the Thomson Reuters’ consensus estimate of ($0.39) by $0.18. During the same quarter in the previous year, the company earned $0.53 earnings per share. The company had revenue of $53.67 million for the quarter, compared to the consensus estimate of $66.74 million. Hornbeck Offshore Services’s revenue for the quarter was down 60.7% compared to the same quarter last year. Equities research analysts forecast that Hornbeck Offshore Services will post ($1.93) earnings per share for the current year.

A hedge fund recently raised its stake in Hornbeck Offshore Services stock. I.G. Investment Management LTD. increased its stake in Hornbeck Offshore Services (NYSE:HOS) by 101.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 753,900 shares of the company’s stock after buying an additional 378,900 shares during the period. I.G. Investment Management LTD. owned 2.10% of Hornbeck Offshore Services worth $7,494,000 at the end of the most recent 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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