Hornbeck Offshore Services (NYSE:HOS)’s share price was down 4.7% on Friday after Cowen and Company lowered their price target on the stock from $8.50 to $6.00. Cowen and Company currently has a market perform rating on the stock. Hornbeck Offshore Services traded as low as $5.94 and last traded at $6.10, with a volume of 715,407 shares. The stock had previously closed at $6.40.

A number of other equities analysts have also weighed in on HOS. Zacks Investment Research lowered shares of Hornbeck Offshore Services from a “hold” rating to a “sell” rating in a research note on Thursday, July 14th. TheStreet downgraded shares of Hornbeck Offshore Services from a “hold” rating to a “sell” rating in a research note on Wednesday, August 3rd. Finally, Iberia Capital downgraded shares of Hornbeck Offshore Services from a “sector perform” rating to an “underperform” rating in a research note on Friday, August 5th. Two research analysts have rated the stock with a sell rating, eight have given a hold rating and three have given a buy rating to the company’s stock. Hornbeck Offshore Services has a consensus rating of “Hold” and an average target price of $11.75.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Prudential Financial Inc. boosted its position in Hornbeck Offshore Services by 86.5% in the first quarter. Prudential Financial Inc. now owns 138,166 shares of the company’s stock worth $1,372,000 after buying an additional 64,100 shares during the last quarter. Franklin Resources Inc. boosted its position in Hornbeck Offshore Services by 5.7% in the first quarter. Franklin Resources Inc. now owns 221,000 shares of the company’s stock worth $2,195,000 after buying an additional 11,900 shares during the last quarter. Burgundy Asset Management Ltd. boosted its position in Hornbeck Offshore Services by 2.7% in the first quarter. Burgundy Asset Management Ltd. now owns 223,504 shares of the company’s stock worth $2,219,000 after buying an additional 5,945 shares during the last quarter. NFC Investments LLC boosted its position in Hornbeck Offshore Services by 29.7% in the first quarter. NFC Investments LLC now owns 288,100 shares of the company’s stock worth $2,861,000 after buying an additional 66,000 shares during the last quarter. Finally, Pacific Global Investment Management CO boosted its position in Hornbeck Offshore Services by 10.5% in the first quarter. Pacific Global Investment Management CO now owns 599,307 shares of the company’s stock worth $5,951,000 after buying an additional 56,960 shares during the last quarter.

The firm’s 50-day moving average price is $5.42 and its 200-day moving average price is $8.05. The company’s market cap is $221.83 million.

Hornbeck Offshore Services (NYSE:HOS) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.57) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.39) by $0.18. The business earned $53.67 million during the quarter, compared to the consensus estimate of $66.74 million. Hornbeck Offshore Services had a negative return on equity of 1.60% and a negative net margin of 4.87%. The firm’s revenue was down 60.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.53 earnings per share. On average, equities analysts anticipate that Hornbeck Offshore Services will post ($1.93) EPS for the current year.

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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