Global Hunter Securities Upgrading Hornbeck Offshore Services

Global Hunter Securities is out with a research report on Hornbeck Offshore Services, Inc. HOS and is upgrading shares from Neutral to Buy, and raising its price target from $30 to $39. In a note to clients, Global Hunter Securities writes, "We are revising our outlook for oilfield services demand and expectations for stock performance through year-end. We are upgrading Gulfmark (GLF), Hornbeck (HOS), Noble (NE), Oceaneering (OII) and Rowan (RDC), while downgrading Basic (BAS), Complete (CPX), Key (KEG), Nabors (NBR), National Oilwell Varco (NOV), Newpark (NR), OYO Geospace (OYOG), Patterson-UTI (PTEN), RPC (RES), Union (UDRL) and Xtreme (XDC.T)." Shares of HOS closed at $27.19 yesterday.