The stock of Hornbeck Offshore Services, Inc. (NYSE:HOS) reached all time low today, Oct, 28 and still has $3.68 target or 12.00% below today’s $4.18 share price. This indicates more downside for the $141.05M company. This technical setup was reported by Barchart.com. If the $3.68 PT is reached, the company will be worth $16.93 million less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 740,004 shares traded hands. Hornbeck Offshore Services, Inc. (NYSE:HOS) has declined 52.46% since March 28, 2016 and is downtrending. It has underperformed by 57.17% the S&P500.
Hornbeck Offshore Services, Inc. (NYSE:HOS) Ratings Coverage
Out of 11 analysts covering Hornbeck Offshore (NYSE:HOS), 1 rate it a “Buy”, 2 “Sell”, while 8 “Hold”. This means 9% are positive. Hornbeck Offshore has been the topic of 18 analyst reports since August 5, 2015 according to StockzIntelligence Inc. As per Friday, May 13, the company rating was upgraded by Clarckson Platou. The firm earned “Sector Perform” rating on Friday, October 30 by Iberia Capital Partners. The stock of Hornbeck Offshore Services, Inc. (NYSE:HOS) earned “Equal-Weight” rating by Barclays Capital on Wednesday, April 20. Cowen & Co downgraded Hornbeck Offshore Services, Inc. (NYSE:HOS) rating on Monday, January 11. Cowen & Co has “Market Perform” rating and $8.50 price target. The company was maintained on Wednesday, August 5 by Cowen & Co. Howard Weil maintained Hornbeck Offshore Services, Inc. (NYSE:HOS) rating on Friday, February 19. Howard Weil has “Sector Outperform” rating and $12 price target. As per Wednesday, May 11, the company rating was upgraded by Stephens. The stock has “Equal-Weight” rating given by Morgan Stanley on Wednesday, April 20. KeyBanc Capital Markets initiated Hornbeck Offshore Services, Inc. (NYSE:HOS) on Friday, October 9 with “Sector Weight” rating. The stock of Hornbeck Offshore Services, Inc. (NYSE:HOS) has “Overweight” rating given on Tuesday, February 23 by Barclays Capital.
According to Zacks Investment Research, “Hornbeck Offshore provides technologically advanced, new generation OSVs serving the offshore oil and gas industry, primarily in the U.S. Gulf of Mexico and in select international markets. The focus of their OSV business is on complex exploration and production activities, which include deepwater, deep well and other logistically demanding projects. They also transport petroleum products through their tug and tank barge segment serving the energy industry, primarily in the northeastern United States and Puerto Rico.”
Insitutional Activity: The institutional sentiment decreased to 0.85 in 2016 Q2. Its down 0.35, from 1.2 in 2016Q1. The ratio fall, as 18 funds sold all Hornbeck Offshore Services, Inc. shares owned while 42 reduced positions. 11 funds bought stakes while 40 increased positions. They now own 36.16 million shares or 7.71% less from 39.18 million shares in 2016Q1.
Ameriprise Fincl holds 0% of its portfolio in Hornbeck Offshore Services, Inc. (NYSE:HOS) for 283,935 shares. Sector Pension Invest Board holds 0% or 21,971 shares in its portfolio. Capstone Asset Co reported 25,746 shares or 0.01% of all its holdings. Bnp Paribas Arbitrage last reported 11,011 shares in the company. The New Jersey-based Prudential Financial has invested 0.01% in Hornbeck Offshore Services, Inc. (NYSE:HOS). Burgundy Asset Mgmt Ltd accumulated 206,297 shares or 0.02% of the stock. Teachers Advsr last reported 0% of its portfolio in the stock. Ubs Asset Management Americas has 16,699 shares for 0% of their US portfolio. Bank & Trust Of Montreal Can holds 147,408 shares or 0% of its portfolio. Blackrock Advisors Lc, a Delaware-based fund reported 14,805 shares. Invesco holds 0% of its portfolio in Hornbeck Offshore Services, Inc. (NYSE:HOS) for 347,652 shares. Ig Invest Mngmt Ltd accumulated 0.03% or 875,500 shares. Nfc Invs Ltd Liability accumulated 71,270 shares or 0.28% of the stock. Nomura Hldgs, a Japan-based fund reported 44,046 shares. Arizona State Retirement Sys has invested 0% of its portfolio in Hornbeck Offshore Services, Inc. (NYSE:HOS).
More notable recent Hornbeck Offshore Services, Inc. (NYSE:HOS) news were published by: Fool.com which released: “Here’s Why Hornbeck Offshore Services, Tidewater Inc., and KNOT Offshore …” on January 10, 2016, also Seekingalpha.com with their article: “Hornbeck Offshore Services: Escaping Natural Elimination” published on August 25, 2016, Prnewswire.com published: “Hornbeck Offshore Announces Second Quarter 2016 Results” on August 03, 2016. More interesting news about Hornbeck Offshore Services, Inc. (NYSE:HOS) were released by: Prnewswire.com and their article: “Hornbeck Offshore Announces Third Quarter 2016 Earnings Release And Conference …” published on October 10, 2016 as well as Seekingalpha.com‘s news article titled: “Hornbeck Offshore Services: Should Its Cash Last?” with publication date: May 19, 2016.
HOS Company Profile
Hornbeck Offshore Services Inc., incorporated on June 2, 1997, is a well-known provider of marine transportation, subsea installation and accommodation support services to exploration and production, oilfield service, offshore construction and the United States military customers. The Firm focuses on providing marine solutions to meet the needs of the deepwater and ultradeepwater energy industry in domestic and select foreign locations. The Company, through its subsidiaries, operates offshore supply vessels (OSVs), multi-purpose support vessels (MPSVs), and a shore-base facility to provide logistics support and specialty services to the offshore gas and oil exploration and production industry, primarily in the United States, Gulf of Mexico (GoM), Latin America and selected international markets.
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