An issue of Hornbeck Offshore Services (NYSE:HOS) debt fell 2.4% against its face value during trading on Wednesday. The debt issue has a 5% coupon and will mature on March 1, 2021. The bonds in the issue are now trading at $50.13. Price moves in a company’s debt in credit markets sometimes predict parallel moves in its stock price.

Several equities analysts have recently weighed in on the company. Seaport Global Securities reiterated a “neutral” rating on shares of Hornbeck Offshore Services in a research report on Monday. Piper Jaffray Companies reiterated a “hold” rating and issued a $3.50 price target on shares of Hornbeck Offshore Services in a research report on Thursday, August 3rd. Zacks Investment Research cut Hornbeck Offshore Services from a “hold” rating to a “sell” rating in a research report on Tuesday, July 4th. Finally, ValuEngine cut Hornbeck Offshore Services from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $4.75.

Shares of Hornbeck Offshore Services (NYSE:HOS) traded down 0.83% during trading on Wednesday, hitting $2.39. The stock had a trading volume of 220,458 shares. The firm’s market capitalization is $87.87 million. The stock’s 50-day moving average price is $2.63 and its 200 day moving average price is $3.74. Hornbeck Offshore Services has a 1-year low of $1.51 and a 1-year high of $9.07.

Hornbeck Offshore Services (NYSE:HOS) last announced its earnings results 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 return on equity of 6.72% and a negative net margin of 47.42%. The company had revenue of $37.40 million during the quarter, compared to the consensus estimate of $37.13 million. During the same period in the prior year, the business posted ($0.57) earnings per share. Hornbeck Offshore Services’s revenue for the quarter was down 30.4% compared to the same quarter last year. On average, analysts anticipate that Hornbeck Offshore Services will post ($3.14) earnings per share for the current year.

A number of institutional investors have recently made changes to their positions in 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. 97.45% of the stock is currently owned by institutional investors.

COPYRIGHT VIOLATION WARNING: This piece was first published by Watch List News and is the sole property of of Watch List News. If you are reading this piece on another site, it was copied illegally and reposted in violation of international copyright law. The correct version of this piece can be viewed at https://www.watchlistnews.com/hornbeck-offshore-services-nysehos-bonds-drop-2-4-during-trading/1466718.html.

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.

Receive News & Ratings for Hornbeck Offshore Services Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hornbeck Offshore Services and related companies with Analyst Ratings Network's FREE daily email newsletter.