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Hornbeck Offshore Services (NYSE:HOS) was downgraded by analysts at Ned Davis Research from a “neutral” rating to a “sell” rating in a research report issued to clients and investors on Monday, ARN reports.

Hornbeck Offshore Services (NYSE:HOS) traded down 2.57% on Monday, hitting $41.855. The stock had a trading volume of 255,616 shares. Hornbeck Offshore Services has a 52 week low of $36.44 and a 52 week high of $59.93. The stock has a 50-day moving average of $47.48 and a 200-day moving average of $53.76. The company has a market cap of $1.509 billion and a P/E ratio of 15.55.

Hornbeck Offshore Services (NYSE:HOS) last posted its quarterly earnings results on Thursday, October 31st. The company reported $0.57 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.56 by $0.01. The company had revenue of $132.90 million for the quarter, compared to the consensus estimate of $146.12 million. During the same quarter last year, the company posted $0.20 earnings per share. Hornbeck Offshore Services’s revenue was up 15.6% compared to the same quarter last year. On average, analysts predict that Hornbeck Offshore Services will post $2.44 earnings per share for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at ISI Group downgraded shares of Hornbeck Offshore Services from a “strong-buy” rating to a “buy” rating in a research note to investors on Monday, January 13th. Separately, analysts at Barclays reiterated an “overweight” rating on shares of Hornbeck Offshore Services in a research note to investors on Tuesday, December 17th. They now have a $91.00 price target on the stock, down previously from $92.00. Finally, analysts at Goldman Sachs Group Inc. downgraded shares of Hornbeck Offshore Services from a “neutral” rating to a “sell” rating in a research note to investors on Monday, November 18th. They now have a $53.00 price target on the stock, down previously from $224.00. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. Hornbeck Offshore Services currently has a consensus rating of “Hold” and an average target price of $67.36.

Hornbeck Offshore Services, Inc, is a provider of marine transportation services to exploration and production, oilfield service, offshore construction and United States military customers.

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