Hornbeck Offshore Services, Inc. (HOS) Receives Consensus Recommendation of “Hold” from Brokerages

Hornbeck Offshore Services, Inc. (NYSE:HOS) has received a consensus rating of “Hold” from the six ratings firms that are currently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $2.75.

A number of analysts recently commented on HOS shares. Zacks Investment Research upgraded shares of Hornbeck Offshore Services from a “hold” rating to a “buy” rating and set a $4.50 price target on the stock in a research note on Monday, November 6th. ValuEngine cut shares of Hornbeck Offshore Services from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 18th. Finally, Credit Suisse Group cut shares of Hornbeck Offshore Services from a “neutral” rating to an “underperform” rating and set a $2.00 price target on the stock. in a research note on Friday, January 12th.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Brandes Investment Partners LP lifted its stake in Hornbeck Offshore Services by 316.7% in the 3rd quarter. Brandes Investment Partners LP now owns 66,503 shares of the oil and gas company’s stock worth $269,000 after purchasing an additional 50,545 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Hornbeck Offshore Services by 86.3% in the 2nd quarter. Goldman Sachs Group Inc. now owns 117,476 shares of the oil and gas company’s stock worth $332,000 after purchasing an additional 54,431 shares in the last quarter. Balyasny Asset Management LLC purchased a new stake in Hornbeck Offshore Services in the 2nd quarter worth approximately $568,000. KBC Group NV lifted its stake in Hornbeck Offshore Services by 20.9% in the 3rd quarter. KBC Group NV now owns 208,249 shares of the oil and gas company’s stock worth $841,000 after purchasing an additional 35,934 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Hornbeck Offshore Services by 374.5% in the 2nd quarter. JPMorgan Chase & Co. now owns 262,542 shares of the oil and gas company’s stock worth $743,000 after purchasing an additional 207,212 shares in the last quarter. Institutional investors and hedge funds own 77.54% of the company’s stock.

Shares of Hornbeck Offshore Services (NYSE:HOS) opened at $3.15 on Tuesday. The company has a market cap of $127.82, a P/E ratio of -1.36 and a beta of 1.32. The company has a debt-to-equity ratio of 0.75, a quick ratio of 3.61 and a current ratio of 3.61. Hornbeck Offshore Services has a 52 week low of $1.51 and a 52 week high of $8.51.

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Hornbeck Offshore Services Company Profile

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.

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