The offshore services company reported weak fourth-quarter results and a concerning outlook for the future.
News & Analysis: Hornbeck Offshore Services
The Way These Offshore Oil Services Stocks Moved in December Shows Why You Shouldn't Always Follow Wall Street
The market's not always logical.
Hornbeck Offshore Services, Enerplus, Evolution Petroleum, Resolute Energy, and Halcon Resources rallied sharply this week.
Shares of Hornbeck Offshore Services, Denbury Resources, Oasis Petroleum, Laredo Petroleum, and EP Energy all made double-digit moves today.
Here's Why Hornbeck Offshore Services, Tidewater Inc., and KNOT Offshore Partners LP Stocks Sank in December
KNOT Offshore Partners LP, Hornbeck Offshore Services, Inc., and Tidewater Inc. are all facing swift currents.
It was a tough week for oil stocks, but Clayton Williams Energy (NYSE: CWEI), Enable Midstream Partners (NYSE: ENBL), Hornbeck Offshore Services (NYSE: HOS), Carrizo Oil & Gas (NASDAQ: CRZO), and Cobalt International (NYSE: CIE) really took it on the chin.
Better than expected first-quarter results fueled Hornbeck Offshore Services, Inc. stock to a double-digit rally on Wednesday.
Do these three fallen angels deserve a second chance? You be the judge!
It will pay around $230 million for 18 ships from Hornbeck Offshore Transportation.