Hornbeck Offshore Services (HOS) Shares are Up 18.03%

Hornbeck Offshore Services (HOS) : Traders are bullish on Hornbeck Offshore Services (HOS) as it has outperformed the S&P 500 by a wide margin of 7.58% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 17.83%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 18.03% in the last 1 week, and is up 7% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 6.13% and the 50-Day Moving Average is 8.02%.The 200 Day SMA reached 33.19%

Hornbeck

Hornbeck Offshore Services (NYSE:HOS): After opening at $5.57, the stock dipped to an intraday low of $5.41 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $5.68 and the buying power remained strong till the end. The stock closed at $5.5 for the day, a gain of 0.18% for the day session. The total traded volume was 1,149,864. The stocks close on the previous trading day was $5.5.

Hornbeck Offshore Services (HOS) has been rated by 9 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $15 and the lowest price target forecast is $6. The average forecast of all the analysts is $9.11 and the expected standard deviation is $2.7.

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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