Hornbeck Offshore Services (NYSE:HOS) traded up 2.4% during trading on Wednesday . The stock traded as high as $5.24 and last traded at $5.11, with a volume of 378,270 shares changing hands. The stock had previously closed at $4.99.

HOS has been the topic of a number of analyst reports. Iberia Capital downgraded shares of Hornbeck Offshore Services from a “sector perform” rating to an “underperform” rating in a research report on Friday, August 5th. TheStreet downgraded shares of Hornbeck Offshore Services from a “hold” rating to a “sell” rating in a research report on Wednesday, August 3rd. Finally, Zacks Investment Research raised shares of Hornbeck Offshore Services from a “strong sell” rating to a “hold” rating in a research report on Thursday, August 11th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $12.39.

The firm’s market cap is $185.31 million. The company’s 50 day moving average is $5.71 and its 200-day moving average is $8.44.

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Hornbeck Offshore Services (NYSE:HOS) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported ($0.57) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.39) by $0.18. The business had revenue of $53.67 million for the quarter, compared to analyst estimates of $66.74 million. Hornbeck Offshore Services had a negative return on equity of 1.60% and a negative net margin of 4.87%. The firm’s revenue for the quarter was down 60.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.53 EPS. On average, analysts predict that Hornbeck Offshore Services will post ($1.93) earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of HOS. Louisiana State Employees Retirement System boosted its stake in shares of Hornbeck Offshore Services by 0.7% in the second quarter. Louisiana State Employees Retirement System now owns 14,300 shares of the company’s stock valued at $119,000 after buying an additional 100 shares in the last quarter. Gagnon Securities LLC boosted its stake in shares of Hornbeck Offshore Services by 7.8% in the first quarter. Gagnon Securities LLC now owns 12,079 shares of the company’s stock valued at $120,000 after buying an additional 869 shares during the period. A.R.T. Advisors LLC purchased a new stake in shares of Hornbeck Offshore Services during the second quarter valued at $133,000. Arizona State Retirement System boosted its stake in shares of Hornbeck Offshore Services by 1.8% in the second quarter. Arizona State Retirement System now owns 16,703 shares of the company’s stock valued at $139,000 after buying an additional 300 shares during the period. Finally, Amici Capital LLC purchased a new stake in shares of Hornbeck Offshore Services during the first quarter valued at $185,000.

About Hornbeck Offshore Services

Hornbeck Offshore Services Inc provides marine transportation, subsea installation and accommodation support services to exploration and production, oilfield service, offshore construction and the United States military customers. The Company focuses on providing marine solutions for the deepwater and ultradeepwater energy industry in domestic and select foreign locations.

5 Day Chart for NYSE:HOS

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