Hornbeck Offshore Services (HOS) : Zacks Investment Research ranks Hornbeck Offshore Services (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 (HOS) : 9 Wall Street analysts covering Hornbeck Offshore Services (HOS) believe that the average level the stock could reach for the short term is $10.11. The maximum price target given is $15 and the minimum target for short term is around $6, hence the standard deviation is calculated at $2.75.
Hornbeck Offshore Services (NYSE:HOS): The stock opened at $8.24 on Wednesday but the bulls could not build on the opening and the stock topped out at $8.39 for the day. The stock traded down to $8.06 during the day, due to lack of any buying support eventually closed down at $8.25 with a loss of -1.08% for the day. The stock had closed at $8.34 on the previous day. The total traded volume was 502,068 shares.
Also, Clarckson Platou upgrades their rating on the shares of Hornbeck Offshore Services (NYSE:HOS). The current rating of the shares is Neutral. Earlier, the shares were rated a Sell by the brokerage firm. The rating by the firm was issued on May 13, 2016. The company shares have dropped -56.17% 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 $8.85 and the 200 Day Moving Average price is recorded at $9.01.
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.