Hornbeck Offshore Services, Inc. (HOS) saw a big move last session, as the company’s shares fell by nearly 6 % on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading below the volatile price range of $39.2 to $44.0 in the past one-month time frame.
This slump shouldn’t be too much of a surprise to investors, as this oil field services provider has seen 7 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
HOS currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.
Some better-ranked stocks in the Oil-Field Services include Compressco Partners, L.P. (GSJK), Emerge Energy Services LP (EMES) and Willbros Group Inc. (WG). All these carry a Zacks Rank #1 (Strong Buy).
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HORNBECK OFFSHORE SERVICES INC (HOS): Free Stock Analysis Report
WILLBROS GROUP INCDELEWARE (WG): Free Stock Analysis Report
EMERGE ENERGY SERVICES LP (EMES): Free Stock Analysis Report
COMPRESSCO PARTNERS LP (GSJK): Free Stock Analysis Report
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