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Enter Symbol:
Rating: HOS
Hold $61

Hornbeck Offshore Services (NYSE: HOS) downgraded to Hold with price target $61 by Wunderlich

Friday,  Nov 1, 2013  8:25 AM ET by Kristen Bailey

Wunderlich downgraded Hornbeck Offshore Services (NYSE: HOS) to Hold with price
target $61. Wunderlich rated Hornbeck Offshore Services (NYSE: HOS) to Buy with price target $70 on 09/26/2013, when the price was $58.16.

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.

Advising private clients is a long-term and relationship-guided process. The Financial Advisors at Wunderlich Securities recognize that serving individuals and families requires an understanding of their individual goals and needs. Our approach involves a cycle of service. Wunderlich's Financial Advisors work with each client to design, implement and monitor a plan that serves the client's needs. We utilize a variety of high-quality investments including stocks, bonds, mutual funds, options and annuities to build diversified and balanced portfolios.

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