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Recent 52-Week Low Surpassed in Shares of Hornbeck Offshore Services (HOS)

By Shiri Gupta

Shares of Hornbeck Offshore Services (NYSE:HOS) traded today at $2.65, breaking its 52-week low. So far today approximately 140,000 shares have been exchanged, as compared to an average 30-day volume of 978,000 shares.

Potential upside of 126.3% exists for Hornbeck Offshore Services, based on a current level of $2.74 and analysts' average consensus price target of $6.20. The stock should find initial resistance at its 50-day moving average (MA) of $9.94 and further resistance at its 200-day MA of $12.28.

In the past 52 weeks, Hornbeck Offshore Services share prices have been bracketed by a current low of $2.65 and a high of $25.01 and are now at $2.74. Over the past week, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has advanced 3.2%.

Hornbeck Offshore Services, Inc. provides marine transportation services to the offshore oil and gas industry. The Company owns and operates deepwater offshore supply vessels in the Gulf of Mexico, which support day-to-day operations of oil drilling rigs and production platforms. Hornbeck also owns and operates ocean going tugs and barges in the northeastern United States and Puerto Rico.

SmarTrend is monitoring the recent change of momentum in Hornbeck Offshore Services. Please refer to our Company Overview for the results of our proprietary technical indicators that have been scanning shares of Hornbeck Offshore Services in search of a potential trend change.

Keywords: 52 week high/lows hornbeck offshore services

Ticker(s): HOS