Williams Financial Group Starts Hornbeck Offshore (HOS) at Buy: Leading in Key OSV Markets

Williams Financial Group initiates coverage on Hornbeck Offshore (NYSE: HOS) with a Buy. PT $52.00.

Analyst, Matt Beeby, said, "In our opinion, HOS is a still a great way to play the GOM recovery and deepwater expansion globally, but has been among the best OFS performers, up 35% during 1Q. We think shares are worth owning and HOS has one of the more impressive earnings growth profiles within our coverage list as leadership has taken decisive action to manage HOS for the long-term. Still, we remain cautious into the quarter and would be more aggressive on a pullback."

For an analyst ratings summary and ratings history on Hornbeck Offshore click here. For more ratings news on Hornbeck Offshore click here.

Shares of Hornbeck Offshore closed at $41.95 yesterday.

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