Hornbeck Offshore Services (NYSE:HOS) was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued to investors on Friday.

A number of other research firms have also recently weighed in on HOS. Zacks Investment Research cut shares of Hornbeck Offshore Services from a “hold” rating to a “sell” rating in a research note on Tuesday, July 4th. Seaport Global Securities reaffirmed a “neutral” rating on shares of Hornbeck Offshore Services in a research note on Monday, August 7th. Finally, Piper Jaffray Companies reaffirmed a “hold” rating and set a $3.50 target price on shares of Hornbeck Offshore Services in a research note on Thursday, August 3rd. One research analyst has rated the stock with a sell rating and five have given a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $4.75.

Hornbeck Offshore Services (HOS) opened at 2.92 on Friday. The firm’s market cap is $108.12 million. The stock has a 50 day moving average price of $2.59 and a 200 day moving average price of $3.09. Hornbeck Offshore Services has a 12 month low of $1.51 and a 12 month high of $9.07.

Hornbeck Offshore Services (NYSE:HOS) last posted its earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.82) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.79) by $0.03. The company had revenue of $37.40 million for the quarter, compared to the consensus estimate of $37.13 million. Hornbeck Offshore Services had a negative return on equity of 6.72% and a negative net margin of 47.42%. The business’s quarterly revenue was down 30.4% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.57) EPS. On average, equities analysts expect that Hornbeck Offshore Services will post ($2.98) earnings per share for the current fiscal year.

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Institutional investors have recently modified their holdings of the company. Raging Capital Management LLC raised its position in shares of Hornbeck Offshore Services by 103.3% in the first quarter. Raging Capital Management LLC now owns 3,595,000 shares of the oil and gas company’s stock worth $15,926,000 after buying an additional 1,826,480 shares during the period. Mackenzie Financial Corp raised its position in shares of Hornbeck Offshore Services by 17.2% in the first quarter. Mackenzie Financial Corp now owns 2,253,000 shares of the oil and gas company’s stock worth $9,981,000 after buying an additional 331,000 shares during the period. Vanguard Group Inc. raised its position in shares of Hornbeck Offshore Services by 3.6% in the first quarter. Vanguard Group Inc. now owns 1,817,179 shares of the oil and gas company’s stock worth $8,050,000 after buying an additional 62,489 shares during the period. Bank of New York Mellon Corp raised its position in shares of Hornbeck Offshore Services by 260.1% in the first quarter. Bank of New York Mellon Corp now owns 1,634,675 shares of the oil and gas company’s stock worth $7,241,000 after buying an additional 1,180,699 shares during the period. Finally, D.C. Capital Advisors Ltd raised its position in shares of Hornbeck Offshore Services by 23.7% in the second quarter. D.C. Capital Advisors Ltd now owns 1,250,000 shares of the oil and gas company’s stock worth $3,538,000 after buying an additional 239,832 shares during the period. Institutional investors own 86.67% of the company’s stock.

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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