D.C. Capital Advisors Ltd increased its stake in Hornbeck Offshore Services (NYSE:HOS) by 23.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,250,000 shares of the oil and gas company’s stock after buying an additional 239,832 shares during the period. Hornbeck Offshore Services comprises about 2.4% of D.C. Capital Advisors Ltd’s portfolio, making the stock its 17th largest position. D.C. Capital Advisors Ltd’s holdings in Hornbeck Offshore Services were worth $3,538,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of HOS. Raging Capital Management LLC raised its stake in shares of Hornbeck Offshore Services by 103.3% in the first quarter. Raging Capital Management LLC now owns 3,595,000 shares of the oil and gas company’s stock valued at $15,926,000 after buying an additional 1,826,480 shares during the last quarter. Mackenzie Financial Corp raised its stake in Hornbeck Offshore Services by 17.2% in the first quarter. Mackenzie Financial Corp now owns 2,253,000 shares of the oil and gas company’s stock valued at $9,981,000 after buying an additional 331,000 shares in the last quarter. Vanguard Group Inc. raised its stake in Hornbeck Offshore Services by 3.6% in the first quarter. Vanguard Group Inc. now owns 1,817,179 shares of the oil and gas company’s stock valued at $8,050,000 after buying an additional 62,489 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Hornbeck Offshore Services by 260.1% in the first quarter. Bank of New York Mellon Corp now owns 1,634,675 shares of the oil and gas company’s stock valued at $7,241,000 after buying an additional 1,180,699 shares in the last quarter. Finally, State Street Corp raised its stake in Hornbeck Offshore Services by 7.2% in the fourth quarter. State Street Corp now owns 816,200 shares of the oil and gas company’s stock valued at $5,894,000 after buying an additional 55,158 shares in the last quarter. Institutional investors own 97.45% of the company’s stock.

Hornbeck Offshore Services (NYSE HOS) traded down 2.72% during midday trading on Tuesday, hitting $2.50. 41,719 shares of the company traded hands. The stock’s market cap is $91.92 million. Hornbeck Offshore Services has a 12-month low of $1.51 and a 12-month high of $9.07. The stock has a 50 day moving average of $2.57 and a 200 day moving average of $3.49.

Hornbeck Offshore Services (NYSE:HOS) last released its quarterly earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.82) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.79) by $0.03. Hornbeck Offshore Services had a negative net margin of 47.42% and a negative return on equity of 6.72%. The company had revenue of $37.40 million during the quarter, compared to analyst estimates of $37.13 million. During the same quarter last year, the business earned ($0.57) EPS. The company’s revenue for the quarter was down 30.4% compared to the same quarter last year. Equities research analysts predict that Hornbeck Offshore Services will post ($3.01) EPS for the current fiscal year.

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Several equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Hornbeck Offshore Services from a “sell” rating to a “hold” rating in a research report on Tuesday, June 6th. Piper Jaffray Companies reiterated a “hold” rating and issued a $3.50 price objective on shares of Hornbeck Offshore Services in a research report on Thursday, August 3rd. Seaport Global Securities reiterated a “neutral” rating on shares of Hornbeck Offshore Services in a research report on Monday, August 7th. Finally, ValuEngine lowered shares of Hornbeck Offshore Services from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. Hornbeck Offshore Services presently has a consensus rating of “Hold” and a consensus price target of $4.75.

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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Institutional Ownership by Quarter for Hornbeck Offshore Services (NYSE:HOS)

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