An issue of Hornbeck Offshore Services (NYSE:HOS) bonds rose 0.8% against their face value during trading on Wednesday. The high-yield issue of debt has a 5.875% coupon and is set to mature on April 1, 2020. The bonds in the issue are now trading at $62.25 and were trading at $61.50 last week. Price changes in a company’s bonds in credit markets sometimes predict parallel changes in its share price.

A number of research firms have weighed in on HOS. Zacks Investment Research raised Hornbeck Offshore Services from a “strong sell” rating to a “hold” rating in a report on Thursday, August 11th. Cowen and Company decreased their price objective on Hornbeck Offshore Services from $8.50 to $6.00 and set a “market perform” rating on the stock in a report on Thursday, October 6th. Iberia Capital downgraded Hornbeck Offshore Services from a “sector perform” rating to an “underperform” rating in a report on Friday, August 5th. Finally, TheStreet downgraded Hornbeck Offshore Services from a “hold” rating to a “sell” rating in a report on Wednesday, August 3rd. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. Hornbeck Offshore Services presently has a consensus rating of “Hold” and an average price target of $11.75.

Hornbeck Offshore Services (NYSE:HOS) opened at 5.88 on Thursday. The stock has a 50 day moving average price of $5.46 and a 200 day moving average price of $7.94. The firm’s market capitalization is $213.66 million. Hornbeck Offshore Services has a one year low of $4.35 and a one year high of $16.71.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. California Public Employees Retirement System boosted its position in Hornbeck Offshore Services by 5.6% in the second quarter. California Public Employees Retirement System now owns 206,500 shares of the company’s stock valued at $1,722,000 after buying an additional 11,000 shares during the period. Quantitative Investment Management LLC boosted its position in Hornbeck Offshore Services by 7.4% in the second quarter. Quantitative Investment Management LLC now owns 24,700 shares of the company’s stock valued at $205,000 after buying an additional 1,700 shares during the period. California State Teachers Retirement System boosted its position in Hornbeck Offshore Services by 0.7% in the second quarter. California State Teachers Retirement System now owns 68,213 shares of the company’s stock valued at $569,000 after buying an additional 491 shares during the period. Louisiana State Employees Retirement System boosted its position in Hornbeck Offshore Services by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 14,300 shares of the company’s stock valued at $119,000 after buying an additional 100 shares during the period. Finally, Amici Capital LLC purchased a new position in Hornbeck Offshore Services during the first quarter valued at $185,000.

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.

5 Day Chart for NYSE:HOS

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