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Hornbeck Offshore Services (HOS) [hlAlert]

down 58.33 %

Hornbeck Offshore Services (HOS) rated Overweight with price target $60 by Lehman Brothers

Posted on: Tuesday,  May 20, 2008  8:25 AM ET by Lehman Brothers

Lehman Brothers rated Overweight Hornbeck Offshore Services (NYSE: HOS) on 05/20/2008. Previously Lehman Brothers rated Buy Hornbeck Offshore Services (NYSE: HOS) on
08/03/2007., when the stock price was $43.90. Since then, Hornbeck Offshore Services has lost 58.34% as of 01/11/2016's recent price of $18.29.
If you would have followed the previous Lehman Brothers's recommendation on HOS, you would have lost 58.33% of your investment in 3083 days.

Hornbeck Offshore Services, Inc. operates offshore supply vessels (OSVs), multi-purpose support vessels (MPSVs), and a shore-base 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 and select international markets. The Company, through its subsidiaries, also operates ocean-going tugs and tank barges that provide transportation of petroleum products, primarily in the northeastern United States, Gulf of Mexico and Puerto Rico. The Company owns a 49% interest in Hornbeck Offshore Trinidad & Tobago Limited (HOTT-Ltd). HOTT-Ltd is a vessel crewing and management services company established to support the Company?s Trinidad & Tobago-based operations. The Company operates in two segments: Upstream and Downstream.

Lehman Brothers Holdings Inc. has filed for bankruptcy protection in the U.S.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/20/2008 8:25 AM Buy
51.42 60.00
as of 12/24/2008
1 Week down  -1.57 %
1 Month up  34.48 %
3 Months up  11.35 %
1 YTD down  -56.85 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/2/2008 8:25 AM Buy
46.14 55.00
8/3/2007 11:25 AM Buy
43.90 49.00

(*) Stock Price at the time of the recommendation.
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