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Hornbeck Offshore Services (NYSE:HOS) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a research note issued to investors on Monday. They currently have a $44.50 price objective on the stock. Zacks‘s target price indicates a potential downside of 4.36% from the company’s current price.

Hornbeck Offshore Services (NYSE:HOS) traded up 0.51% on Monday, hitting $46.765. The stock had a trading volume of 200,668 shares. Hornbeck Offshore Services has a 1-year low of $37.44 and a 1-year high of $59.93. The stock has a 50-day moving average of $44.44 and a 200-day moving average of $43.19. The company has a market cap of $1.695 billion and a P/E ratio of 14.55.

Hornbeck Offshore Services (NYSE:HOS) last released its earnings data on Wednesday, April 30th. The company reported $0.31 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.47 by $0.16. The company had revenue of $136.60 million for the quarter, compared to the consensus estimate of $150.62 million. Analysts expect that Hornbeck Offshore Services will post $2.57 EPS for the current fiscal year.

Several other analysts have also recently commented on the stock. Analysts at Wunderlich upgraded shares of Hornbeck Offshore Services from a “hold” rating to a “buy” rating in a research note on Tuesday, May 6th. They now have a $55.00 price target on the stock, up previously from $47.00. Separately, analysts at Global Hunter Securities cut their price target on shares of Hornbeck Offshore Services from $53.00 to $52.00 in a research note on Monday, May 5th. Finally, analysts at JPMorgan Chase & Co. cut their price target on shares of Hornbeck Offshore Services from $67.00 to $48.00 in a research note on Monday, May 5th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $57.39.

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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