Stock of The Day: Could Hornbeck Offshore Services, Inc. Gain Strenght? The Stock Reaches 1 Year Low

Stock of The Day: Could Hornbeck Offshore Services, Inc. Gain Strenght? The Stock Reaches 1 Year Low

The stock of Hornbeck Offshore Services, Inc. (NYSE:HOS) is a huge mover today! About 699,674 shares traded hands. Hornbeck Offshore Services, Inc. (NYSE:HOS) has declined 36.84% since March 9, 2016 and is downtrending. It has underperformed by 44.25% the S&P500.
The move comes after 6 months negative chart setup for the $206.36M company. It was reported on Oct, 12 by Barchart.com. We have $4.95 PT which if reached, will make NYSE:HOS worth $28.89 million less.

Analysts await Hornbeck Offshore Services, Inc. (NYSE:HOS) to report earnings on October, 26. They expect $-0.53 earnings per share, down 340.91% or $0.75 from last year’s $0.22 per share. After $-0.57 actual earnings per share 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 18 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock of Hornbeck Offshore Services, Inc. (NYSE:HOS) earned “Neutral” rating by Clarckson Platou on Friday, May 13. Cowen & Co maintained it with “Market Perform” rating and $6 target price in Thursday, October 6 report. The stock has “Equal-Weight” rating given by Stephens on Wednesday, May 11. Howard Weil maintained Hornbeck Offshore Services, Inc. (NYSE:HOS) on Friday, February 19 with “Sector Outperform” rating. The stock of Hornbeck Offshore Services, Inc. (NYSE:HOS) has “Overweight” rating given on Tuesday, February 23 by Barclays Capital. KeyBanc Capital Markets initiated Hornbeck Offshore Services, Inc. (NYSE:HOS) on Friday, October 9 with “Sector Weight” rating. The company was downgraded on Wednesday, March 9 by Stephens. As per Wednesday, April 20, the company rating was downgraded by Barclays Capital. On Monday, January 11 the stock rating was downgraded by Cowen & Co to “Market Perform”. The stock of Hornbeck Offshore Services, Inc. (NYSE:HOS) has “Underperform” rating given on Friday, August 5 by Iberia Capital Partners.

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 Q2 2016. Its down 0.35, from 1.2 in 2016Q1. The ratio fall, 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.
Moreover, Alliancebernstein Limited Partnership has 0% invested in Hornbeck Offshore Services, Inc. (NYSE:HOS) for 30,364 shares. Comerica Financial Bank reported 32,134 shares or 0% of all its holdings. Fine Cap Prtnrs L P last reported 3.36M shares in the company. Deutsche Retail Bank Ag holds 0% or 243,903 shares in its portfolio. Texas Permanent School Fund has invested 0% of its portfolio in Hornbeck Offshore Services, Inc. (NYSE:HOS). Canal Ins, a South Carolina-based fund reported 40,000 shares. Pnc Financial Service Grp last reported 0% of its portfolio in the stock. Connor Clark & Lunn Invest Management owns 118,600 shares or 0.01% of their US portfolio. Susquehanna Ltd Liability Partnership, a Pennsylvania-based fund reported 20,685 shares. Bnp Paribas Arbitrage Sa owns 11,011 shares or 0% of their US portfolio. Creative Planning, a Kansas-based fund reported 1,000 shares. Schwab Charles Invest has 240,674 shares for 0% of their US portfolio. The Texas-based United Services Automobile Association has invested 0% in Hornbeck Offshore Services, Inc. (NYSE:HOS). Us Bank & Trust De accumulated 3,150 shares or 0% of the stock. New York State Teachers Retirement has 0% invested in the company for 86,803 shares.

More important recent Hornbeck Offshore Services, Inc. (NYSE:HOS) news were published by: Moodys.com which released: “Moody’s downgrades Hornbeck Offshore to B2; negative outlook” on September 19, 2015, also Fool.com published article titled: “Here’s Why Hornbeck Offshore Services, Tidewater Inc., and KNOT Offshore …”, Benzinga.com published: “Mid-Day Market Update: Barracuda Networks Surges On Earnings Beat; Fortinet …” on October 12, 2016. More interesting news about Hornbeck Offshore Services, Inc. (NYSE:HOS) was released by: Seekingalpha.com and their article: “Hornbeck Offshore Services: Escaping Natural Elimination” with publication date: August 25, 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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