Stock of The Day: After Today’s Big Increase, Is Hornbeck Offshore Services, Inc.’s Near-Term Analysis Positive?

Stock of The Day: After Today's Big Increase, Is Hornbeck Offshore Services, Inc.'s Near Term Analysis Positive?

The stock of Hornbeck Offshore Services, Inc. (NYSE:HOS) is a huge mover today! About 1.62M shares traded hands or 24.62% up from the average. Hornbeck Offshore Services, Inc. (NYSE:HOS) has declined 62.61% since April 4, 2016 and is downtrending. It has underperformed by 63.70% the S&P500.
The move comes after 6 months positive chart setup for the $142.04M company. It was reported on Nov, 4 by Barchart.com. We have $9.96 PT which if reached, will make NYSE:HOS worth $230.10 million more.

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, February 19, the company rating was maintained by Howard Weil. On Wednesday, August 5 the stock rating was maintained by Cowen & Co with “Outperform”. 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 firm earned “Overweight” rating on Tuesday, February 23 by Barclays Capital. The company was downgraded on Wednesday, April 20 by Barclays Capital. Stephens upgraded Hornbeck Offshore Services, Inc. (NYSE:HOS) on Wednesday, May 11 to “Equal-Weight” rating. IBERIA Capital Partners downgraded Hornbeck Offshore Services, Inc. (NYSE:HOS) on Friday, October 30 to “Sector Perform” rating. The stock has “Equal-Weight” rating given by Morgan Stanley on Wednesday, April 20. Iberia Capital Partners downgraded the stock to “Sector Perform” rating in Friday, October 30 report. The rating was maintained by Cowen & Co with “Market Perform” on Thursday, October 6.

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.
Nfc Invs Limited Liability holds 71,270 shares or 0.28% of its portfolio. Tower Research Ltd Llc (Trc) holds 5,089 shares or 0% of its portfolio. Gagnon Limited Com holds 12,013 shares or 0.05% of its portfolio. Anchor Bolt Cap L P has 0.63% invested in the company for 2.16 million shares. Federated Investors Pa, a Pennsylvania-based fund reported 62 shares. Citigroup reported 19,291 shares or 0% of all its holdings. The New York-based Goldman Sachs Grp has invested 0% in Hornbeck Offshore Services, Inc. (NYSE:HOS). Principal Grp accumulated 226,918 shares or 0% of the stock. Panagora Asset Mgmt Inc holds 0% or 2,553 shares in its portfolio. Blackrock Fund Advisors reported 2.33 million shares or 0% of all its holdings. Eulav Asset last reported 66,200 shares in the company. Blackrock Institutional Trust Na owns 802,631 shares or 0% of their US portfolio. Royal National Bank Of Canada has 0% invested in the company for 115,371 shares. New York State Teachers Retirement System last reported 86,803 shares in the company. Deutsche Natl Bank Ag owns 243,903 shares or 0% of their US portfolio.

More notable recent Hornbeck Offshore Services, Inc. (NYSE:HOS) news were published by: Seekingalpha.com which released: “Hornbeck Offshore Services To Review Strategic Options” on November 03, 2016, also Fool.com with their article: “Here’s Why Hornbeck Offshore Services, Tidewater Inc., and KNOT Offshore …” published on January 10, 2016, Seekingalpha.com published: “Hornbeck Offshore Services: Escaping Natural Elimination” on August 25, 2016. More interesting news about Hornbeck Offshore Services, Inc. (NYSE:HOS) were released by: Prnewswire.com and their article: “Hornbeck Offshore Announces Second Quarter 2016 Results” published on August 03, 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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