Large Inflow of Money Witnessed in Hornbeck Offshore Services

Hornbeck Offshore Services (NYSE:HOS) : Hornbeck Offshore Services (NYSE:HOS) had a healthy money flow of $0.49 million into the stock during the Wednesdays trading session. The value of bullish trades on upticks was $2.28 million, whereas, investors only sold shares worth $1.79 million on downticks. The stock closed the day with an up-down ratio of 1.27.The money flow in the block trades to the tune of $0.01 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $0.01 million worth of transactions were on upticks. Hornbeck Offshore Services (NYSE:HOS) stock slid $0.02 intraday and traded at 8.57, a change of -0.23% over previous days close. However, for the week, the company shares are -3.05% compared to previous weeks close.


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. Currently the company Insiders own 6% of Hornbeck Offshore Services shares according to the proxy statements. During last six month period, the net percent change held by insiders has seen a change of 9%.

The company shares have dropped -55.99% from its 1 Year high price. On Aug 10, 2015, the shares registered one year high at $20.98 and the one year low was seen on Feb 12, 2016. The 50-Day Moving Average price is $9.05 and the 200 Day Moving Average price is recorded at $9.03. Hornbeck Offshore Services (NYSE:HOS): The stock opened at $8.79 on Wednesday but the bulls could not build on the opening and the stock topped out at $8.79 for the day. The stock traded down to $8.40 during the day, due to lack of any buying support eventually closed down at $8.56 with a loss of -0.35% for the day. The stock had closed at $8.59 on the previous day. The total traded volume was 1,087,366 shares.

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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