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Hornbeck Offshore Services (NYSE:HOS) was downgraded by research analysts at Morgan Stanley from an “equal weight” rating to an “underweight” rating in a report released on Monday.

Shares of Hornbeck Offshore Services (NYSE:HOS) traded down 2.77% on Monday, hitting $42.05. The stock had a trading volume of 168,568 shares. Hornbeck Offshore Services has a 52-week low of $37.44 and a 52-week high of $59.93. The stock has a 50-day moving average of $43.99 and a 200-day moving average of $42.43. The company has a market cap of $1.524 billion and a P/E ratio of 12.72.

Hornbeck Offshore Services (NYSE:HOS) last released its earnings data on Wednesday, July 30th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.36. The company had revenue of $171.10 million for the quarter, compared to the consensus estimate of $149.10 million. During the same quarter in the previous year, the company posted $0.65 earnings per share. The company’s revenue for the quarter was up 24.2% on a year-over-year basis. On average, analysts predict that Hornbeck Offshore Services will post $2.56 earnings per share for the current fiscal year.

A number of other analysts have also recently weighed in on HOS. Analysts at Cowen and Company raised their price target on shares of Hornbeck Offshore Services to $58.00 in a research note on Friday. Separately, analysts at Zacks upgraded shares of Hornbeck Offshore Services from an “underperform” rating to a “neutral” rating in a research note on Tuesday, July 29th. They now have a $43.30 price target on the stock. Finally, analysts at Tudor Pickering downgraded shares of Hornbeck Offshore Services from a “buy” rating to an “accumulate” rating in a research note on Wednesday, July 23rd. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $57.03.

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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