Hornbeck Offshore Services (NYSE:HOS) was down 5.7% during trading on Friday . The stock traded as low as $3.65 and last traded at $3.99. Approximately 1,120,757 shares were traded during mid-day trading, an increase of 42% from the average daily volume of 792,020 shares. The stock had previously closed at $4.23.

Several equities research analysts have commented on HOS shares. ValuEngine cut Hornbeck Offshore Services from a “sell” rating to a “strong sell” rating in a research note on Friday, June 2nd. Seaport Global Securities cut Hornbeck Offshore Services from a “buy” rating to a “neutral” rating in a research note on Friday, June 2nd. Zacks Investment Research upgraded Hornbeck Offshore Services from a “sell” rating to a “hold” rating in a research note on Tuesday, June 6th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $3.50 target price on shares of Hornbeck Offshore Services in a research note on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. Hornbeck Offshore Services currently has an average rating of “Hold” and an average price target of $4.75.

The stock has a 50 day moving average price of $2.79 and a 200 day moving average price of $2.93. The company’s market cap is $147.74 million.

Hornbeck Offshore Services (NYSE:HOS) last announced its quarterly earnings data on Wednesday, August 2nd. The oil and gas company reported ($0.82) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.79) by ($0.03). Hornbeck Offshore Services had a negative net margin of 47.42% and a negative return on equity of 6.72%. The firm had revenue of $37.40 million during the quarter, compared to analyst estimates of $37.13 million. During the same period last year, the business posted ($0.57) EPS. The company’s revenue was down 30.4% on a year-over-year basis. On average, equities analysts forecast that Hornbeck Offshore Services will post ($3.06) earnings per share for the current year.

Several large investors have recently made changes to their positions in HOS. Menta Capital LLC purchased a new position in shares of Hornbeck Offshore Services during the first quarter valued at approximately $114,000. Comerica Bank boosted its position in shares of Hornbeck Offshore Services by 1.7% during the first quarter. Comerica Bank now owns 34,874 shares of the oil and gas company’s stock valued at $123,000 after buying an additional 576 shares during the last quarter. State of Tennessee Treasury Department boosted its position in shares of Hornbeck Offshore Services by 17.8% during the first quarter. State of Tennessee Treasury Department now owns 30,395 shares of the oil and gas company’s stock valued at $135,000 after buying an additional 4,587 shares during the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Hornbeck Offshore Services by 3,278.6% during the first quarter. Tower Research Capital LLC TRC now owns 32,029 shares of the oil and gas company’s stock valued at $142,000 after buying an additional 31,081 shares during the last quarter. Finally, MML Investors Services LLC boosted its position in shares of Hornbeck Offshore Services by 17.3% during the second quarter. MML Investors Services LLC now owns 54,300 shares of the oil and gas company’s stock valued at $154,000 after buying an additional 8,000 shares during the last quarter. 86.67% of the stock is currently owned by institutional investors.

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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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