According to Zacks, “Hornbeck Offshore provides technologically advanced, new generation OSVs serving the offshore oil and gas industry, primarily in the U.S. Gulf of Mexico and in select international markets. The focus of their OSV business is on complex exploration and production activities, which include deepwater, deep well and other logistically demanding projects. They also transport petroleum products through their tug and tank barge segment serving the energy industry, primarily in the northeastern United States and Puerto Rico. “
Separately, Capital One Financial Corp. reaffirmed an equal weight rating on shares of Hornbeck Offshore Services in a report on Thursday, February 16th. Two investment analysts have rated the stock with a sell rating and seven have assigned a hold rating to the stock. Hornbeck Offshore Services has a consensus rating of Hold and an average target price of $9.83.
Shares of Hornbeck Offshore Services (NYSE:HOS) opened at 4.05 on Wednesday. Hornbeck Offshore Services has a 52 week low of $3.00 and a 52 week high of $12.57. The company’s market cap is $147.69 million. The company has a 50 day moving average of $4.87 and a 200 day moving average of $5.76.
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In other news, CEO Todd M. Hornbeck bought 61,250 shares of the stock in a transaction on Friday, March 17th. The shares were acquired at an average cost of $3.26 per share, for a total transaction of $199,675.00. Following the purchase, the chief executive officer now directly owns 925,902 shares of the company’s stock, valued at approximately $3,018,440.52. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 6.00% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the company. Metropolitan Life Insurance Co. NY purchased a new stake in Hornbeck Offshore Services during the fourth quarter valued at about $157,000. Comerica Bank boosted its stake in Hornbeck Offshore Services by 5.4% in the fourth quarter. Comerica Bank now owns 34,298 shares of the company’s stock valued at $256,000 after buying an additional 1,765 shares in the last quarter. Trexquant Investment LP purchased a new stake in Hornbeck Offshore Services during the fourth quarter valued at about $270,000. Vertex One Asset Management Inc. purchased a new stake in Hornbeck Offshore Services during the fourth quarter valued at about $505,000. Finally, South Dakota Investment Council purchased a new stake in Hornbeck Offshore Services during the third quarter valued at about $493,000.
Hornbeck Offshore Services Company Profile
Hornbeck Offshore Services Inc provides 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 providing marine solutions for the deepwater and ultradeepwater energy industry in domestic and select foreign locations.
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