The Seaport Global Securities Downgrades Hornbeck Offshore Services, Inc. (HOS) to Neutral

The Seaport Global Securities Downgrades Hornbeck Offshore Services, Inc. (HOS) to Neutral

A number of other research analysts also recently weighed in on HOS. Zacks Investment Research raised Hornbeck Offshore Services from a “sell” rating to a “hold” rating in a research note on Friday, February 17th. Capital One Financial Corp. reissued an “equal weight” rating on shares of Hornbeck Offshore Services in a research note on Thursday, February 16th. Finally, ValuEngine downgraded Hornbeck Offshore Services from a “sell” rating to a “strong sell” rating in a research note on Friday. Three analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The company has a consensus rating of “Hold” and an average price target of $6.00.

Hornbeck Offshore Services, Inc. (NYSE:HOS) was downgraded by equities research analysts at Seaport Global Securities from a “buy” rating to a “neutral” rating in a research report issued on Friday.

In related news, CEO Todd M. Hornbeck purchased 61,250 shares of the business’s stock in a transaction dated Friday, March 17th. The shares were bought at an average price of $3.26 per share, with a total value of $199,675.00. Following the purchase, the chief executive officer now directly owns 925,902 shares in the company, valued at approximately $3,018,440.52. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 6.00% of the company’s stock. A number of hedge funds have recently modified their holdings of the company. Metropolitan Life Insurance Co. NY acquired a new stake in shares of Hornbeck Offshore Services during the fourth quarter valued at approximately $157,000. Menta Capital LLC acquired a new stake in shares of Hornbeck Offshore Services during the first quarter valued at approximately $114,000. State of Tennessee Treasury Department increased its stake in shares of Hornbeck Offshore Services by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 30,395 shares of the oil and gas company’s stock valued at $135,000 after buying an additional 4,587 shares during the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Hornbeck Offshore Services by 3,278.6% in the first quarter. Tower Research Capital LLC TRC now owns 32,029 shares of the oil and gas company’s stock valued at $142,000 after buying an additional 31,081 shares during the last quarter. Finally, Comerica Bank increased its stake in shares of Hornbeck Offshore Services by 5.4% in the fourth quarter. Comerica Bank now owns 34,298 shares of the oil and gas company’s stock valued at $256,000 after buying an additional 1,765 shares during the last quarter.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “HOS”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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