An issue of Hornbeck Offshore Services (NYSE:HOS) bonds rose 1.1% as a percentage of their face value during trading on Monday. The debt issue has a 5% coupon and is set to mature on March 1, 2021. The debt is now trading at $60.13 and was trading at $58.63 one week ago. Price moves in a company’s bonds in credit markets sometimes predict parallel moves in its share price.

Several analysts have recently commented on HOS shares. Zacks Investment Research lowered shares of Hornbeck Offshore Services from a “hold” rating to a “sell” rating in a research report on Wednesday, July 20th. TheStreet lowered shares of Hornbeck Offshore Services from a “hold” rating to a “sell” rating in a research report on Wednesday, August 3rd. Finally, Iberia Capital lowered shares of Hornbeck Offshore Services from a “sector perform” rating to an “underperform” rating in a research report on Friday, August 5th. Two research 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. The stock currently has a consensus rating of “Hold” and an average target price of $12.39.

Hornbeck Offshore Services (NYSE:HOS) opened at 5.11 on Tuesday. Hornbeck Offshore Services has a 1-year low of $4.92 and a 1-year high of $17.80. The firm’s market cap is $185.68 million. The firm has a 50 day moving average of $5.79 and a 200 day moving average of $8.48.

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. Hornbeck Offshore Services had a negative net margin of 4.87% and a negative return on equity of 1.60%. The business earned $53.67 million during the quarter, compared to analyst estimates of $66.74 million. During the same period 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 expect that Hornbeck Offshore Services will post ($1.93) EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Gagnon Securities LLC raised its position in Hornbeck Offshore Services by 7.8% in the first quarter. Gagnon Securities LLC now owns 12,079 shares of the company’s stock valued at $120,000 after buying an additional 869 shares during the period. Prudential Financial Inc. raised its position in Hornbeck Offshore Services by 86.5% in the first quarter. Prudential Financial Inc. now owns 138,166 shares of the company’s stock valued at $1,372,000 after buying an additional 64,100 shares during the period. Franklin Resources Inc. raised its position in Hornbeck Offshore Services by 5.7% in the first quarter. Franklin Resources Inc. now owns 221,000 shares of the company’s stock valued at $2,195,000 after buying an additional 11,900 shares during the period. Burgundy Asset Management Ltd. raised its position in Hornbeck Offshore Services by 2.7% in the first quarter. Burgundy Asset Management Ltd. now owns 223,504 shares of the company’s stock valued at $2,219,000 after buying an additional 5,945 shares during the period. Finally, NFC Investments LLC raised its position in Hornbeck Offshore Services by 29.7% in the first quarter. NFC Investments LLC now owns 288,100 shares of the company’s stock valued at $2,861,000 after buying an additional 66,000 shares during the period.

About Hornbeck Offshore Services

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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