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Shares of Hornbeck Offshore Services Fall Below Previous 52-Week Low

By Shiri Gupta

Shares of Hornbeck Offshore Services (NYSE:HOS) traded today at $4.04, breaking its 52-week low. Approximately 94,000 shares have changed hands today, as compared to an average 30-day volume of 978,000 shares.

Hornbeck Offshore Services has overhead space with shares priced $4.09, or 77.8% below the average consensus analyst price target of $18.40. Hornbeck Offshore Services shares should first meet resistance at the 50-day moving average (MA) of $9.94 and find additional resistance at the 200-day MA of $12.28.

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.

In the past 52 weeks, shares of Hornbeck Offshore Services have traded between the current low of $4.04 and a high of $25.01 and are now at $4.09. Over the last five market days, the 200-day moving average (MA) has gone down 1.1% while the 50-day MA has advanced 3.2%.

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