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Enter Symbol:
Rating: HOS
Sector Outperform $53

Hornbeck Offshore Services (NYSE: HOS) reiterated to Sector Outperform with price target $53 by Howard Weil

Friday,  Feb 21, 2014  9:25 AM ET by Lynn Gilbert

Howard Weil reiterated Hornbeck Offshore Services (NYSE: HOS) to Sector Outperform with price target
$53. Previously, Howard Weil rated Hornbeck Offshore Services (NYSE: HOS) to Sector Outperform with price target $71 on 08/13/2013, when the stock price was valued at $58.49.

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.

Howard Weil’s team of research professionals currently cover approximately 100 public energy companies, including major integrated oil companies, independent refiners, exploration and production companies, oilfield services companies, gas and power, coal producers and other energy companies. Our research analysts engage in ongoing dialogue with company management and constant internal analysis in order to give Howard Weil’s clients an in-depth understanding of the companies we cover, as well as current insights on the global energy marketplace.

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