Cowen announced Hornbeck Offshore (NYSE:HOS), dropping its stock price target to $6.00 today
- Updated: October 6, 2016
Having a price of $6.33, Hornbeck Offshore (NYSE:HOS) traded -1.42% lower on the day. With the last close down -22.59% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. HOS has recorded a 50-day moving average of $5.39 and a 200-day moving average of $8.06. 537,597 shares of HOS traded, down from an avg. volume of 1,125,040
Hornbeck Offshore (NYSE:HOS) had its stock price target reduced to $6.00 by Cowen in an issued report issued Thursday October 06, 2016. The updated stock price target indicates a possible downside of -0.05% from the company's most recent close.
Recent Performance Chart
Hornbeck Offshore has 52 week low of $4.35 and a 52 week high of $17.69 and has a market capitalization of $0.
A total of 10 brokers have released a ratings update on HOS. 1 analyst rating the company a strong buy, five brokers rating the stock a buy, 7 brokerages rating the stock a hold, 3 firms rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $9.45.
General Company Details For Hornbeck Offshore (NYSE:HOS)
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. The Company, through its subsidiaries, operates offshore supply vessels (OSVs), multi-purpose support vessels (MPSVs), and a shore-base facility to provide logistics support and specialty services to the offshore oil and gas exploration and production industry, primarily in the United States, Gulf of Mexico, Latin America and selected international markets. Its OSVs and MPSVs support the deep-well, deepwater and ultra-deepwater activities of the offshore oil and gas industry. It provides vessel management services for other vessel owners, such as crewing, daily operational management and maintenance activities.
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