Hornbeck Offshore Services (NYSE:HOS) has received a consensus rating of “Hold” from the six brokerages that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and five have given a hold recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $4.75.

A number of equities research analysts have recently issued reports on HOS shares. ValuEngine lowered Hornbeck Offshore Services from a “sell” rating to a “strong sell” rating in a research report on Friday, June 2nd. Seaport Global Securities lowered Hornbeck Offshore Services from a “buy” rating to a “neutral” rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded Hornbeck Offshore Services from a “sell” rating to a “hold” rating in a research report on Tuesday, June 6th. Finally, Piper Jaffray Companies restated a “hold” rating and issued a $3.50 price target on shares of Hornbeck Offshore Services in a research report on Thursday, August 3rd.

Shares of Hornbeck Offshore Services (NYSE HOS) opened at 3.07 on Wednesday. The stock has a 50 day moving average price of $2.64 and a 200 day moving average price of $2.97. Hornbeck Offshore Services has a 1-year low of $1.51 and a 1-year high of $9.07. The company’s market capitalization is $113.68 million.

Hornbeck Offshore Services (NYSE:HOS) last posted its quarterly earnings results on Wednesday, August 2nd. The oil and gas company reported ($0.82) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.79) by ($0.03). The company had revenue of $37.40 million during the quarter, compared to analysts’ expectations of $37.13 million. Hornbeck Offshore Services had a negative net margin of 47.42% and a negative return on equity of 6.72%. Hornbeck Offshore Services’s revenue for the quarter was down 30.4% on a year-over-year basis. During the same quarter last year, the company earned ($0.57) earnings per share. On average, equities analysts anticipate that Hornbeck Offshore Services will post ($2.98) EPS for the current fiscal year.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in HOS. Raging Capital Management LLC lifted its holdings in 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 acquiring an additional 1,826,480 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings 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 acquiring an additional 1,180,699 shares during the last quarter. Caspian Capital LP acquired a new position in Hornbeck Offshore Services in the second quarter valued at approximately $2,147,000. Arrowstreet Capital Limited Partnership acquired a new position in Hornbeck Offshore Services in the second quarter valued at approximately $1,957,000. Finally, Brookfield Asset Management Inc. acquired a new position in Hornbeck Offshore Services in the second quarter valued at approximately $991,000. Hedge funds and other institutional investors own 86.67% of the company’s stock.

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.

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