Stock Mover of The Day: Hornbeck Offshore Services, Inc. Just Recorded A Sigfniciant Increase

Stock Mover of The Day: Hornbeck Offshore Services, Inc. Just Recorded A Sigfniciant Increase

The stock of Hornbeck Offshore Services, Inc. (NYSE:HOS) is a huge mover today! About 796,214 shares traded hands. Hornbeck Offshore Services, Inc. (NYSE:HOS) has declined 62.82% since April 27, 2016 and is downtrending. It has underperformed by 68.05% the S&P500.
The move comes after 6 months positive chart setup for the $171.39M company. It was reported on Nov, 30 by Barchart.com. We have $5.37 PT which if reached, will make NYSE:HOS worth $8.57 million more.

Analysts await Hornbeck Offshore Services, Inc. (NYSE:HOS) to report earnings on February, 15. They expect $-0.56 EPS, down 700.00% or $0.49 from last year’s $-0.07 per share. After $-0.45 actual EPS reported by Hornbeck Offshore Services, Inc. for the previous quarter, Wall Street now forecasts 24.44% negative EPS growth.

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. Stephens upgraded the shares of HOS in a report on Wednesday, May 11 to “Equal-Weight” rating. The firm has “Sector Outperform” rating given on Friday, February 19 by Howard Weil. The firm earned “Underperform” rating on Friday, August 5 by Iberia Capital Partners. KeyBanc Capital Markets initiated the stock with “Sector Weight” rating in Friday, October 9 report. The stock of Hornbeck Offshore Services, Inc. (NYSE:HOS) earned “Sector Perform” rating by IBERIA Capital Partners on Friday, October 30. Cowen & Co maintained Hornbeck Offshore Services, Inc. (NYSE:HOS) rating on Wednesday, August 5. Cowen & Co has “Outperform” rating and $25 price target. The stock of Hornbeck Offshore Services, Inc. (NYSE:HOS) has “Market Perform” rating given on Monday, January 11 by Cowen & Co. Cowen & Co maintained Hornbeck Offshore Services, Inc. (NYSE:HOS) on Thursday, October 6 with “Market Perform” rating. The rating was downgraded by Stephens on Wednesday, March 9 to “Underweight”. Morgan Stanley upgraded Hornbeck Offshore Services, Inc. (NYSE:HOS) rating on Wednesday, April 20. Morgan Stanley has “Equal-Weight” rating and $12.50 price target.

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 increased to 1.02 in 2016 Q2. Its up 0.17, from 0.85 in 2016Q1. The ratio increased, 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 New York-based Alliancebernstein L P has invested 0% in Hornbeck Offshore Services, Inc. (NYSE:HOS). Deutsche Comml Bank Ag accumulated 0% or 243,903 shares. Numeric Invsts Limited Com last reported 54,900 shares in the company. Moreover, Tower Research Capital Ltd Company (Trc) has 0% invested in Hornbeck Offshore Services, Inc. (NYSE:HOS) for 5,089 shares. Citadel Advisors holds 0% or 18,746 shares in its portfolio. Moreover, State Board Of Administration Of Florida Retirement Sys has 0% invested in Hornbeck Offshore Services, Inc. (NYSE:HOS) for 31,678 shares. Morgan Stanley last reported 0% of its portfolio in the stock. Lsv Asset Mngmt last reported 98,092 shares in the company. Northern Tru has 382,780 shares for 0% of their US portfolio. Veritable L P has 56,205 shares for 0.01% of their US portfolio. Gsa Capital Partners Llp has invested 0.02% of its portfolio in Hornbeck Offshore Services, Inc. (NYSE:HOS). Anchor Bolt Cap L P holds 2.16M shares or 0.63% of its portfolio. Swiss Bancorporation has invested 0% of its portfolio in Hornbeck Offshore Services, Inc. (NYSE:HOS). Parametric Portfolio Associate Limited Liability Company holds 81,980 shares or 0% of its portfolio. The Switzerland-based Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in Hornbeck Offshore Services, Inc. (NYSE:HOS).

More important recent Hornbeck Offshore Services, Inc. (NYSE:HOS) news were published by: Prnewswire.com which released: “Hornbeck Offshore Announces Third Quarter 2016 Results” on November 02, 2016, also Seekingalpha.com published article titled: “Hornbeck Offshore Services To Review Strategic Options”, Prnewswire.com published: “Hornbeck Offshore Announces Second Quarter 2016 Results” on August 03, 2016. More interesting news about Hornbeck Offshore Services, Inc. (NYSE:HOS) was released by: Seekingalpha.com and their article: “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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