Analyst Rating Update on Hornbeck Offshore Services (HOS)

Hornbeck Offshore Services (NYSE:HOS) : Zacks Investment Research ranks Hornbeck Offshore Services (NYSE:HOS) as 3, which is a Hold recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 10 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 11 research analysts is 2.82, which indicates as a Hold.

Hornbeck Offshore Services (NYSE:HOS) stock is expected to deviate a maximum of $2.75 from the average target price of $10.11 for the short term period. 9 Street Experts have initiated coverage on the stock with the most promising target being $15 and the most muted being $6.

Company shares have received an average consensus rating of Hold for the current week Also, In the latest statement by the brokerage house, Clarckson Platou upgrades its outlook on Hornbeck Offshore Services (NYSE:HOS). The current rating of the shares is Neutral, according to the research report released by the firm. Previously, the company had a rating of Sell. The rating by the firm was issued on May 13, 2016.

Hornbeck Offshore Services (NYSE:HOS): stock turned positive on Tuesday. Though the stock opened at $8.3, the bulls momentum made the stock top out at $8.635 level for the day. The stock recorded a low of $8.27 and closed the trading day at $8.59, in the green by 6.58%. The total traded volume for the day was 1,267,478. The stock had closed at $8.06 in the previous days trading.

In an insider trading activity, Melcher Patricia B, director of Hornbeck Offshore Services Inc /La had purchased 7,000 shares on February 23, 2016 in a transaction. The price per share was $7 and the total amount of the disclosed transaction was $49,000.The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. This information is based on open market transaction at the market prices.

Hornbeck Offshore Services, Inc. is a provider of 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 the provision of marine solutions to meet the needs of the deepwater and ultradeepwater energy industry in domestic and select foreign locations. The Company owns and operates a fleet of United States-flagged OSVs and MPSVs. These vessels support the deep-well, deepwater and ultra-deepwater activities of the offshore oil and gas industry. The Company operates in three core geographic markets: the Gulf of Mexico (GoM), Mexico and Brazil. The Company has operated in the Middle East, the Mediterranean Sea, the Black Sea and the Caribbean basin, including Nicaragua, Guyana, Trinidad and Venezuela. The Company also operates a shore-base support facility located in Port Fourchon, Louisiana.

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