The stock of Hornbeck Offshore Services, Inc. (NYSE:HOS) is a huge mover today! About 495,121 shares traded hands. Hornbeck Offshore Services, Inc. (NYSE:HOS) has declined 55.43% since April 13, 2016 and is downtrending. It has underperformed by 59.35% the S&P500.
The move comes after 6 months positive chart setup for the $177.70 million company. It was reported on Nov, 15 by Barchart.com. We have $7.07 PT which if reached, will make NYSE:HOS worth $85.30M more.
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 firm has “Sector Perform” rating given on Friday, October 30 by Iberia Capital Partners. Cowen & Co downgraded Hornbeck Offshore Services, Inc. (NYSE:HOS) rating on Monday, January 11. Cowen & Co has “Market Perform” rating and $8.50 price target. Cowen & Co maintained Hornbeck Offshore Services, Inc. (NYSE:HOS) rating on Wednesday, August 5. Cowen & Co has “Outperform” rating and $25 price target. The company was maintained on Thursday, October 6 by Cowen & Co. The firm has “Overweight” rating given on Tuesday, February 23 by Barclays Capital. Howard Weil maintained the shares of HOS in a report on Friday, February 19 with “Sector Outperform” rating. On Tuesday, March 8 the stock rating was downgraded by Clarkson Platou to “Sell”. The company was upgraded on Friday, May 13 by Clarckson Platou. The firm earned “Equal-Weight” rating on Wednesday, April 20 by Morgan Stanley. IBERIA Capital Partners downgraded Hornbeck Offshore Services, Inc. (NYSE:HOS) rating on Friday, October 30. IBERIA Capital Partners has “Sector Perform” rating and $15 price target.
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.
Blackrock Group Inc has invested 0% of its portfolio in Hornbeck Offshore Services, Inc. (NYSE:HOS). State Board Of Administration Of Florida Retirement Systems owns 31,678 shares or 0% of their US portfolio. Ameriprise Financial reported 283,935 shares or 0% of all its holdings. Pleasant Lake Prtnrs Lc reported 42,000 shares or 0.47% of all its holdings. California Pub Employees Retirement Sys has 0% invested in the company for 206,500 shares. Fine Prtnrs Ltd Partnership last reported 3.12% of its portfolio in the stock. Voya Invest Ltd Co, a Georgia-based fund reported 67,647 shares. Susquehanna Intll Gp Ltd Liability Partnership holds 0% or 20,685 shares in its portfolio. Veritable Limited Partnership accumulated 0.01% or 56,205 shares. Eulav Asset Mgmt has 66,200 shares for 0.03% of their US portfolio. Goldman Sachs Grp holds 0% or 33,385 shares in its portfolio. Bancorporation Of Ny Mellon has invested 0% of its portfolio in Hornbeck Offshore Services, Inc. (NYSE:HOS). Gagnon Securities Ltd Liability Corporation holds 0.05% or 12,013 shares in its portfolio. Swiss Bancshares accumulated 53,500 shares or 0% of the stock. Blackrock holds 0% of its portfolio in Hornbeck Offshore Services, Inc. (NYSE:HOS) for 10,052 shares.
More notable recent Hornbeck Offshore Services, Inc. (NYSE:HOS) news were published by: Fool.com which released: “Here’s Why Hornbeck Offshore Services, Tidewater Inc., and KNOT Offshore …” on January 10, 2016, also Seekingalpha.com with their article: “Hornbeck Offshore Services To Review Strategic Options” published on November 03, 2016, Prnewswire.com published: “Hornbeck Offshore Announces Third Quarter 2016 Results” on November 02, 2016. 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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