An issue of Hornbeck Offshore Services (NYSE:HOS) debt fell 2.7% against its face value during trading on Thursday. The high-yield issue of debt has a 5% coupon and is set to mature on March 1, 2021. The bonds in the issue are now trading at $47.48. Price moves in a company’s debt in credit markets sometimes predict parallel moves in its stock price.

A number of equities research analysts recently commented on the stock. Zacks Investment Research raised shares of Hornbeck Offshore Services from a “sell” rating to a “hold” rating in a research note on Wednesday, April 12th. Seaport Global Securities reissued a “neutral” rating on shares of Hornbeck Offshore Services in a research note on Monday. Piper Jaffray Companies reissued a “hold” rating and issued a $3.50 price objective on shares of Hornbeck Offshore Services in a research note on Thursday, August 3rd. Finally, ValuEngine cut shares of Hornbeck Offshore Services from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd. Two analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $4.75.

Hornbeck Offshore Services (HOS) traded up 4.60% during midday trading on Thursday, hitting $2.50. 547,156 shares of the company’s stock traded hands. The company has a 50 day moving average of $2.59 and a 200-day moving average of $3.61. The company’s market capitalization is $91.92 million. Hornbeck Offshore Services has a 52 week low of $1.51 and a 52 week high of $9.07.

Hornbeck Offshore Services (NYSE:HOS) last issued its quarterly earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.82) EPS for the quarter, missing the consensus estimate of ($0.79) by $0.03. Hornbeck Offshore Services had a negative return on equity of 6.72% and a negative net margin of 47.42%. The business had revenue of $37.40 million during the quarter, compared to the consensus estimate of $37.13 million. During the same quarter last year, the firm posted ($0.57) earnings per share. Hornbeck Offshore Services’s revenue was down 30.4% compared to the same quarter last year. Equities research analysts predict that Hornbeck Offshore Services will post ($3.09) earnings per share for the current year.

Large investors have recently modified their holdings of the company. Comerica Bank boosted its position in shares of Hornbeck Offshore Services by 1.7% in the first quarter. Comerica Bank now owns 34,874 shares of the oil and gas company’s stock worth $123,000 after buying an additional 576 shares in the last quarter. State of Tennessee Treasury Department boosted its position in shares of Hornbeck Offshore Services by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 30,395 shares of the oil and gas company’s stock worth $135,000 after buying an additional 4,587 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Hornbeck Offshore Services by 12.6% in the first quarter. Great West Life Assurance Co. Can now owns 48,276 shares of the oil and gas company’s stock worth $214,000 after buying an additional 5,398 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of Hornbeck Offshore Services by 9.6% in the fourth quarter. Teachers Advisors LLC now owns 71,850 shares of the oil and gas company’s stock worth $519,000 after buying an additional 6,308 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Hornbeck Offshore Services by 3.7% in the first quarter. Geode Capital Management LLC now owns 225,599 shares of the oil and gas company’s stock worth $999,000 after buying an additional 8,051 shares in the last quarter. Hedge funds and other institutional investors own 97.45% of the company’s stock.

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Hornbeck Offshore Services Company Profile

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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