The stock of Hornbeck Offshore Services, Inc. (NYSE:HOS) is a huge mover today! About 325,885 shares traded hands. Hornbeck Offshore Services, Inc. (NYSE:HOS) has declined 38.47% since March 1, 2016 and is downtrending. It has underperformed by 47.71% the S&P500.
The move comes after 5 months positive chart setup for the $214.14 million company. It was reported on Oct, 4 by Barchart.com. We have $12.50 PT which if reached, will make NYSE:HOS worth $244.12M more.
Analysts await Hornbeck Offshore Services, Inc. (NYSE:HOS) to report earnings on October, 26. They expect $-0.53 EPS, down 340.91% or $0.75 from last year’s $0.22 per share. After $-0.57 actual EPS reported by Hornbeck Offshore Services, Inc. for the previous quarter, Wall Street now forecasts -7.02% EPS growth.
Hornbeck Offshore Services, Inc. (NYSE:HOS) Ratings Coverage
Out of 11 analysts covering Hornbeck Offshore (NYSE:HOS), 1 rate it a “Buy”, 2 “Sell”, while 8 “Hold”. This means 9% are positive. Hornbeck Offshore has been the topic of 17 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Stephens upgraded the shares of HOS in a report on Wednesday, May 11 to “Equal-Weight” rating. Iberia Capital Partners downgraded the shares of HOS in a report on Friday, October 30 to “Sector Perform” rating. Howard Weil maintained Hornbeck Offshore Services, Inc. (NYSE:HOS) on Friday, February 19 with “Sector Outperform” rating. Clarckson Platou upgraded Hornbeck Offshore Services, Inc. (NYSE:HOS) on Friday, May 13 to “Neutral” rating. Morgan Stanley upgraded Hornbeck Offshore Services, Inc. (NYSE:HOS) rating on Wednesday, April 20. Morgan Stanley has “Equal-Weight” rating and $12.50 price target. The stock of Hornbeck Offshore Services, Inc. (NYSE:HOS) has “Sector Perform” rating given on Friday, October 30 by IBERIA Capital Partners. The rating was downgraded by Barclays Capital to “Equal-Weight” on Wednesday, April 20. KeyBanc Capital Markets initiated the stock with “Sector Weight” rating in Friday, October 9 report. Cowen & Co maintained Hornbeck Offshore Services, Inc. (NYSE:HOS) rating on Wednesday, August 5. Cowen & Co has “Outperform” rating and $25 price target. The stock of Hornbeck Offshore Services, Inc. (NYSE:HOS) has “Market Perform” rating given on Monday, January 11 by Cowen & Co.
According to Zacks Investment Research, “Hornbeck Offshore provides technologically advanced, new generation OSVs serving the offshore oil and gas industry, primarily in the U.S. Gulf of Mexico and in select international markets. The focus of their OSV business is on complex exploration and production activities, which include deepwater, deep well and other logistically demanding projects. They also transport petroleum products through their tug and tank barge segment serving the energy industry, primarily in the northeastern United States and Puerto Rico.”
Insitutional Activity: The institutional sentiment decreased to 0.85 in 2016 Q2. Its down 0.35, from 1.2 in 2016Q1. The ratio dived, as 18 funds sold all Hornbeck Offshore Services, Inc. shares owned while 42 reduced positions. 11 funds bought stakes while 40 increased positions. They now own 36.16 million shares or 7.71% less from 39.18 million shares in 2016Q1.
The Louisiana-based Louisiana State Employees Retirement Systems has invested 0.01% in Hornbeck Offshore Services, Inc. (NYSE:HOS). Blackrock Gru Ltd owns 41,099 shares or 0% of their US portfolio. California State Teachers Retirement Sys accumulated 0% or 68,213 shares. Ubs Asset Americas holds 0% or 16,699 shares in its portfolio. The New York-based Lionstone Mgmt Lc has invested 3.8% in Hornbeck Offshore Services, Inc. (NYSE:HOS). Sei Invs Company holds 0% or 5 shares in its portfolio. Invesco Ltd holds 347,652 shares or 0% of its portfolio. D E Shaw And Commerce reported 694,941 shares or 0.01% of all its holdings. State Bank Of America De holds 804,661 shares or 0% of its portfolio. Nfc Invs Limited Liability Company, a Tennessee-based fund reported 71,270 shares. Pacific Glob Invest Mngmt accumulated 1.14% or 589,657 shares. Rhumbline Advisers accumulated 0% or 53,001 shares. Legal And General Gp Public Ltd Liability Com accumulated 5,102 shares or 0% of the stock. First Tru Limited Partnership accumulated 0% or 16,622 shares. Amer International holds 0% or 24,153 shares in its portfolio.
More notable recent Hornbeck Offshore Services, Inc. (NYSE:HOS) news were published by: Seekingalpha.com which released: “Hornbeck Offshore Services: Escaping Natural Elimination” on August 25, 2016, also Fool.com with their article: “Here’s Why Hornbeck Offshore Services, Tidewater Inc., and KNOT Offshore …” published on January 10, 2016, Moodys.com published: “Moody’s downgrades Hornbeck Offshore to B2; negative outlook” on September 18, 2015. More interesting news about Hornbeck Offshore Services, Inc. (NYSE:HOS) were released by: Prnewswire.com and their article: “Hornbeck Offshore Announces Second Quarter 2016 Results” published on August 03, 2016 as well as Seekingalpha.com‘s news article titled: “Hornbeck Offshore Services: Should Its Cash Last?” with publication date: May 19, 2016.
HOS Company Profile
Hornbeck Offshore Services Inc., incorporated on June 2, 1997, is a well-known provider of marine transportation, subsea installation and accommodation support services to exploration and production, oilfield service, offshore construction and the United States military customers. The Firm focuses on providing marine solutions to meet the needs of the deepwater and ultradeepwater energy industry in domestic and select foreign locations. The Company, through its subsidiaries, operates offshore supply vessels (OSVs), multi-purpose support vessels (MPSVs), and a shore-base facility to provide logistics support and specialty services to the offshore gas and oil exploration and production industry, primarily in the United States, Gulf of Mexico (GoM), Latin America and selected international markets.
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