An issue of Hornbeck Offshore Services (NYSE:HOS) bonds rose 0.8% against their face value during trading on Thursday. The high-yield debt issue 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 moves in a company’s bonds in credit markets often anticipate parallel moves in its share price.

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

Hornbeck Offshore Services (NYSE:HOS) opened at 5.99 on Friday. Hornbeck Offshore Services has a 1-year low of $4.35 and a 1-year high of $16.71. The company has a 50-day moving average price of $5.47 and a 200-day moving average price of $7.93. The firm’s market cap is $217.65 million.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. GSA Capital Partners LLP acquired a new position in shares of Hornbeck Offshore Services during the second quarter worth about $404,000. California Public Employees Retirement System increased its position in shares of 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 worth $1,722,000 after buying an additional 11,000 shares during the period. Quantitative Investment Management LLC increased its position in shares of Hornbeck Offshore Services by 7.4% in the second quarter. Quantitative Investment Management LLC now owns 24,700 shares of the company’s stock worth $205,000 after buying an additional 1,700 shares during the period. California State Teachers Retirement System increased its position in shares of 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 worth $569,000 after buying an additional 491 shares during the period. Finally, Louisiana State Employees Retirement System increased its position in shares of 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 worth $119,000 after buying an additional 100 shares during the period.

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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