Genesis Energy, L.P. (GEL) Reaches $24.17 After 5.00% Down Move; Hornbeck Offshore Services (HOS) Sellers Decreased By 11.04% Their Shorts

January 18, 2018 - By Adrian Erickson

Hornbeck Offshore Services Incorporated (NYSE:HOS) had a decrease of 11.04% in short interest. HOS’s SI was 3.98M shares in January as released by FINRA. Its down 11.04% from 4.48 million shares previously. With 280,600 avg volume, 14 days are for Hornbeck Offshore Services Incorporated (NYSE:HOS)’s short sellers to cover HOS’s short positions. The SI to Hornbeck Offshore Services Incorporated’s float is 15.9%. The stock decreased 1.90% or $0.07 during the last trading session, reaching $3.61. About 160,223 shares traded. Hornbeck Offshore Services, Inc. (NYSE:HOS) has declined 71.10% since January 18, 2017 and is downtrending. It has underperformed by 87.80% the S&P500.

The stock of Genesis Energy, L.P. (NYSE:GEL) is a huge mover today! The stock decreased 2.81% or $0.7 during the last trading session, reaching $24.17. About 531,714 shares traded. Genesis Energy, L.P. (NYSE:GEL) has declined 14.17% since January 18, 2017 and is downtrending. It has underperformed by 30.87% the S&P500.The move comes after 9 months negative chart setup for the $2.96 billion company. It was reported on Jan, 18 by Barchart.com. We have $22.96 PT which if reached, will make NYSE:GEL worth $148.15M less.

Investors sentiment increased to 0.48 in Q3 2017. Its up 0.10, from 0.38 in 2017Q2. It is positive, as 22 investors sold Hornbeck Offshore Services, Inc. shares while 18 reduced holdings. 6 funds opened positions while 13 raised stakes. 27.41 million shares or 7.93% less from 29.77 million shares in 2017Q2 were reported. Millennium Management Limited reported 0% stake. Teachers Retirement Of The State Of Kentucky has 8,400 shares. 951,504 are held by Bancorp Of Mellon. Blackrock has invested 0% in Hornbeck Offshore Services, Inc. (NYSE:HOS). 350,800 are owned by Balyasny Asset Management Ltd. Us Bank & Trust De holds 0% or 100 shares in its portfolio. 15,765 are owned by Gagnon Limited Liability. Georgia-based Invesco has invested 0% in Hornbeck Offshore Services, Inc. (NYSE:HOS). Vertex One Asset accumulated 175,200 shares or 0.12% of the stock. Valley Advisers invested in 500 shares or 0% of the stock. 244,242 were accumulated by Jpmorgan Chase. Barclays Public Ltd Co invested in 0% or 132 shares. Raymond James Fincl Service Advsr invested 0% in Hornbeck Offshore Services, Inc. (NYSE:HOS). Raging Ltd Com holds 1.44% of its portfolio in Hornbeck Offshore Services, Inc. (NYSE:HOS) for 2.30 million shares. Price T Rowe Assoc Md holds 0% in Hornbeck Offshore Services, Inc. (NYSE:HOS) or 58,400 shares.

Among 12 analysts covering Hornbeck Offshore (NYSE:HOS), 1 have Buy rating, 3 Sell and 8 Hold. Therefore 8% are positive. Hornbeck Offshore had 20 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Market Perform” rating by Cowen & Co given on Monday, January 11. The company was downgraded on Tuesday, March 8 by Clarkson Platou. The rating was upgraded by Stephens to “Equal-Weight” on Wednesday, May 11. The stock of Hornbeck Offshore Services, Inc. (NYSE:HOS) earned “Sector Outperform” rating by Howard Weil on Friday, February 19. On Wednesday, August 5 the stock rating was maintained by Cowen & Co with “Outperform”. The rating was initiated by KeyBanc Capital Markets with “Sector Weight” on Friday, October 9. The firm earned “Equal-Weight” rating on Wednesday, April 20 by Barclays Capital. The firm has “Sector Perform” rating given on Friday, October 30 by Iberia Capital Partners. The rating was downgraded by Credit Suisse to “Underperform” on Friday, January 12. The rating was downgraded by Stephens on Wednesday, March 9 to “Underweight”.

Hornbeck Offshore Services, Inc., together with its subsidiaries, provides marine transportation, subsea installation, and accommodation support services to exploration and production, oilfield service, offshore construction, and the U.S. military customers. The company has market cap of $133.75 million. It operates offshore supply vessels , multi-purpose support vessels (MPSVs), and a shore facility to provide logistics support and specialty services to the offshore gas and oil exploration and production industry, primarily in the U.S. It currently has negative earnings. Gulf of Mexico, Latin America, and internationally.

Analysts await Genesis Energy, L.P. (NYSE:GEL) to report earnings on February, 15. They expect $0.36 earnings per share, up 89.47% or $0.17 from last year’s $0.19 per share. GEL’s profit will be $44.13 million for 16.78 P/E if the $0.36 EPS becomes a reality. After $0.22 actual earnings per share reported by Genesis Energy, L.P. for the previous quarter, Wall Street now forecasts 63.64% EPS growth.

Genesis Energy, L.P. operates in the midstream segment of the natural gas and crude oil industry. The company has market cap of $2.96 billion. It operates through four divisions: Offshore Pipeline Transportation, Refinery Services, Marine Transportation, and Supply and Logistics. It has a 34.73 P/E ratio. The Offshore Pipeline Transportation segment engages in the pipeline transportation and processing of natural gas and crude oil.

Since December 19, 2017, it had 1 buying transaction, and 0 sales for $334,800 activity. Shares for $334,800 were bought by JASTROW KENNETH M II.

Investors sentiment decreased to 0.81 in Q3 2017. Its down 0.37, from 1.18 in 2017Q2. It dived, as 25 investors sold Genesis Energy, L.P. shares while 44 reduced holdings. 20 funds opened positions while 36 raised stakes. 87.79 million shares or 1.92% less from 89.51 million shares in 2017Q2 were reported. Texas Yale Corp accumulated 179,240 shares or 0.41% of the stock. 11,960 were reported by Ballentine Prns. Moreover, Guggenheim Capital Limited Liability Corp has 0% invested in Genesis Energy, L.P. (NYSE:GEL). Jacobus Wealth Mgmt reported 6,190 shares stake. Citigroup owns 0.01% invested in Genesis Energy, L.P. (NYSE:GEL) for 476,179 shares. Renaissance Tech invested in 126,200 shares. State Of New Jersey Common Pension Fund D holds 209,726 shares or 0.02% of its portfolio. Spirit Of America Mgmt New York, New York-based fund reported 366,942 shares. Sg Americas Securities Limited Liability Corporation stated it has 88,276 shares or 0.02% of all its holdings. Riverpoint Capital Mgmt Limited Liability Co owns 17,050 shares. Botty Investors Ltd Llc accumulated 8,133 shares or 0.07% of the stock. The Colorado-based Asset Mgmt has invested 0.04% in Genesis Energy, L.P. (NYSE:GEL). Tarbox Family Office holds 482 shares. Fincl Ser Corporation holds 2,634 shares or 0.03% of its portfolio. Neuberger Berman Ltd accumulated 1.00M shares.

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