Hornbeck Offshore Services (HOS) : 11 analysts are covering Hornbeck Offshore Services (HOS) and their average rating on the stock is 2.82, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 10 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Hornbeck Offshore Services (HOS) : 9 investment research analysts covering Hornbeck Offshore Services (HOS) have an average price target of $9.11 for the near short term. The highest target price given by the Brokerage Firm to the stock is $15 and the lowest target is $6 for the short term. Analysts expect the variance to be within $2.7 of the average price.
Also, In a research note released to the investors, iBERIA Capital Partners downgrades its rating on Hornbeck Offshore Services (NYSE:HOS).The analysts at the brokerage house have a current rating of Underperform on the shares. Earlier, the shares were rated a Sector Perform by the brokerage firm. The rating by the firm was issued on August 5, 2016.
Hornbeck Offshore Services (NYSE:HOS): After opening at $5.27, the stock dipped to an intraday low of $5.195 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $5.37 and the buying power remained strong till the end. The stock closed at $5.31 for the day, a gain of 1.14% for the day session. The total traded volume was 691,998. The stocks close on the previous trading day was $5.25.
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.