Shares of Hornbeck Offshore Services (NYSE:HOS) have received a consensus recommendation of “Hold” from the twelve analysts that are currently covering the stock. Two analysts have rated the stock with a sell recommendation, seven have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $10.42.

Several research firms have issued reports on HOS. Zacks Investment Research raised Hornbeck Offshore Services from a “sell” rating to a “hold” rating in a report on Tuesday, November 8th. Cowen and Company cut their price target on Hornbeck Offshore Services from $8.50 to $6.00 and set a “market perform” rating for the company in a report on Thursday, October 6th. Iberia Capital lowered Hornbeck Offshore Services from a “sector perform” rating to an “underperform” rating in a report on Friday, August 5th. Finally, TheStreet lowered Hornbeck Offshore Services from a “hold” rating to a “sell” rating in a report on Wednesday, August 3rd.

Shares of Hornbeck Offshore Services (NYSE:HOS) traded down 5.26% during trading on Tuesday, hitting $4.50. The stock had a trading volume of 550,218 shares. Hornbeck Offshore Services has a 12 month low of $3.00 and a 12 month high of $12.98. The company’s market cap is $163.68 million. The stock has a 50 day moving average of $4.92 and a 200 day moving average of $6.68.

Hornbeck Offshore Services (NYSE:HOS) last issued its quarterly earnings data on Wednesday, November 2nd. The company reported ($0.45) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.60) by $0.15. Hornbeck Offshore Services had a negative return on equity of 3.28% and a negative net margin of 17.43%. The company earned $51.90 million during the quarter, compared to analyst estimates of $52.82 million. During the same quarter in the previous year, the company posted $0.21 earnings per share. Hornbeck Offshore Services’s revenue was down 55.4% compared to the same quarter last year. Equities analysts forecast that Hornbeck Offshore Services will post ($1.81) EPS for the current fiscal year.

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Institutional investors have recently made changes to their positions in the stock. Envestnet Asset Management Inc. increased its position in shares of Hornbeck Offshore Services by 9.3% in the first quarter. Envestnet Asset Management Inc. now owns 113,481 shares of the company’s stock valued at $1,127,000 after buying an additional 9,659 shares during the last quarter. Louisiana State Employees Retirement System increased its position in shares of Hornbeck Offshore Services by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 14,300 shares of the company’s stock valued at $119,000 after buying an additional 100 shares during the last quarter. California State Teachers Retirement System increased its position in shares of Hornbeck Offshore Services by 0.7% in the second quarter. California State Teachers Retirement System now owns 68,213 shares of the company’s stock valued at $569,000 after buying an additional 491 shares during the last quarter. Quantitative Investment Management LLC increased its position in shares of Hornbeck Offshore Services by 7.4% in the second quarter. Quantitative Investment Management LLC now owns 24,700 shares of the company’s stock valued at $205,000 after buying an additional 1,700 shares during the last quarter. Finally, California Public Employees Retirement System increased its position in shares of Hornbeck Offshore Services by 5.6% in the second quarter. California Public Employees Retirement System now owns 206,500 shares of the company’s stock valued at $1,722,000 after buying an additional 11,000 shares during the last quarter.

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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