Economy

Hornbeck Offshore Services (NYSE:HOS) Sees Volatile Trading - Down by 2.86%

Investors sentiment decreased to 0.38 in Q2 2017. A total volume of 1.12 million shares were traded versus to average volume of 0.77 million shares. Seaport Global Securities reaffirmed a "neutral" rating on shares of Hornbeck Offshore Services in a research report on Monday, August 7th. Sold All: 59 Reduced: 26 Increased: 11 New Position: 21. (NYSE:HOS) for 1.02 million shares. Credit Suisse Ag has invested 0% in Hornbeck Offshore Services, Inc. 1,256,999 shares of the company were exchanged. Brookfield Asset Mngmt Inc holds 350,000 shares. Northern Tru holds 102,662 shares. Caspian Cap L P reported 758,800 shares or 0.25% of all its holdings. Us State Bank De owns 100 shares for 0% of their portfolio. The shares price has directed -17.06% toward a lower level throughout a year ago and swapped 67.86% toward a strong spot during past one month.

Technical Indicators of Hornbeck Offshore Services, Inc.

At the end of June 2017 reporting period, 35 institutional holders increased their position in Hornbeck Offshore Services, Inc. Advisors Asset Management Inc., a Colorado-based fund reported 390,350 shares. Creative Planning stated it has 1,000 shares. Moreover, Cyrus Capital Partners L.P. has 1.25% invested in the company for 3.58 million shares. 770,045 stocks of the company transacted hands. The company generated a return on equity (ROE) of -6.00%. (NYSE:HOS) is a huge mover today! The stock declined 7.09% or $0.3 reaching $3.93 per share. About 486,721 shares traded. Cowen & Co downgraded Hornbeck Offshore Services, Inc. It has underperformed by 87.80% the S&P500.The move comes after 5 months negative chart setup for the $143.30M company. (NYSE:HOS) for 190,128 shares.

Analysts await Hornbeck Offshore Services, Inc.

HOS has been the topic of several analyst reports. They expect $-0.76 EPS, down 68.89 % or $0.31 from last year's $-0.45 per share. With 448,900 avg volume, 19 days are for Hornbeck Offshore Services Incorporated (NYSE:HOS)'s short sellers to cover HOS's short positions.

COPYRIGHT VIOLATION WARNING: "Hornbeck Offshore Services (HOS) Raised to "Hold" at Zacks Investment Research" was first posted by BBNS and is owned by of BBNS.

Ratings analysis reveals 8% of Hornbeck Offshore's analysts are positive. (NYSE:HOS) has "Underperform" rating given on Friday, August 5 by Iberia Capital Partners. Cowen & Co has "Market Perform" rating and $8.50 target. The rating was downgraded by Barclays Capital on Wednesday, April 20 to "Equal-Weight". Can increased its stake in shares of Hornbeck Offshore Services by 12.6% in the first quarter. (NYSE:HOS) on Tuesday, February 23 with "Overweight" rating. Hightower Advsrs Ltd Liability Com accumulated 13,520 shares or 0% of the stock. (NYSE:HOS) earned "Underweight" rating by Stephens on Wednesday, March 9. The firm has "Equal-Weight" rating given on Wednesday, April 20 by Morgan Stanley. The firm earned "Hold" rating on Wednesday, August 2 by Piper Jaffray.

Traders are a little more bullish on the company at least if you consider the downtick in short interest.

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 firm's market capitalization is $147.74 million. The Company focuses on providing marine solutions to meet the needs of the deepwater and ultradeepwater energy industry in domestic and select foreign locations.

Currently, the stock carries a price to earnings ratio of 0, a price to book ratio of 0.11, and a price to sales ratio of 0.94. The oil and gas company reported ($0.82) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.79) by ($0.03).

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