The stock of Hornbeck Offshore Services, Inc. (NYSE:HOS) hit a new 52-week low and has $3.41 target or 13.00% below today’s $3.92 share price. The 7 months bearish chart indicates high risk for the $136.26M company. The 1-year low was reported on Nov, 1 by Barchart.com. If the $3.41 price target is reached, the company will be worth $17.71 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 512,999 shares traded hands. Hornbeck Offshore Services, Inc. (NYSE:HOS) has declined 58.21% since March 30, 2016 and is downtrending. It has underperformed by 61.22% 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. The company was initiated on Friday, October 9 by KeyBanc Capital Markets. The rating was maintained by Cowen & Co with “Outperform” on Wednesday, August 5. Cowen & Co maintained the stock with “Market Perform” rating in Thursday, October 6 report. The firm has “Sell” rating given on Tuesday, March 8 by Clarkson Platou. The stock of Hornbeck Offshore Services, Inc. (NYSE:HOS) has “Sector Perform” rating given on Friday, October 30 by Iberia Capital Partners. The firm has “Market Perform” rating by Cowen & Co given on Monday, January 11. The stock of Hornbeck Offshore Services, Inc. (NYSE:HOS) has “Sector Outperform” rating given on Friday, February 19 by Howard Weil. Clarckson Platou upgraded the stock to “Neutral” rating in Friday, May 13 report. As per Tuesday, February 23, the company rating was maintained by Barclays Capital. The stock of Hornbeck Offshore Services, Inc. (NYSE:HOS) has “Equal-Weight” rating given on Wednesday, April 20 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 Q2 2016. Its down 0.35, from 1.2 in 2016Q1. The ratio worsened, 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.
The Georgia-based Invesco Ltd has invested 0% in Hornbeck Offshore Services, Inc. (NYSE:HOS). Kcg Holding accumulated 53,172 shares or 0.01% of the stock. Ig Mgmt Limited holds 0.03% of its portfolio in Hornbeck Offshore Services, Inc. (NYSE:HOS) for 875,500 shares. Moreover, Tiaa Cref Inv Ltd Liability Co has 0% invested in Hornbeck Offshore Services, Inc. (NYSE:HOS) for 140,235 shares. Guggenheim Capital Lc holds 0.01% or 203,523 shares in its portfolio. Bnp Paribas Arbitrage Sa last reported 11,011 shares in the company. Moreover, Numeric Invsts Limited Co has 0% invested in Hornbeck Offshore Services, Inc. (NYSE:HOS) for 54,900 shares. Metropolitan Life Insurance Com Ny last reported 0% of its portfolio in the stock. Ameriprise Fincl holds 0% or 283,935 shares in its portfolio. Capstone Asset Mngmt accumulated 0.01% or 25,746 shares. Alliancebernstein Lp owns 30,364 shares or 0% of their US portfolio. State Board Of Administration Of Florida Retirement has 0% invested in the company for 31,678 shares. Svcs Automobile Association, a Texas-based fund reported 27,350 shares. Blackrock Inv Limited Liability Company owns 151,376 shares or 0% of their US portfolio. Royal Savings Bank Of Canada has invested 0% of its portfolio in Hornbeck Offshore Services, Inc. (NYSE:HOS).
More 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 Prnewswire.com published the news titled: “Hornbeck Offshore Announces Second Quarter 2016 Results” on August 03, 2016. Seekingalpha.com‘s news article titled: “Hornbeck Offshore Services: Escaping Natural Elimination” with publication date: August 25, 2016 was also an interesting one.
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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