UPDATE: Global Hunter Securities Raises PT on Hornbeck Offshore from $26 to $30

Global Hunter Securities Research has published a report on Hornbeck Offshore HOS raising the price target by $4. In the report, Global Hunter Securities wrote, "HOS posted EPS of ($0.26) as GOM weakness continues. The company continues to make strides towards earnings growth with more vessel mobilization to international assignment. More recently, greater interest in the MPSV fleet should benefit future quarters, and HOS is maintaining an adequate fleet in the GOM for the upcoming rebound. Given the uncertainty to timing of this event, we prefer to avoid near-term risk and await a better entry point for the stock." Global Hunter Securities Research rated Hornbeck Offshore a Neutral with a price target raised from $26 to $30. Global Hunter Securities closed Thursday at $25.81.