Nate Costello
Long/short equity, macro, commodities, special situations

Hornbeck Offshore Services Has Over 30% Upside

Hornbeck Offshore Services (NYSE:HOS) focuses on providing advanced marine solutions to meet the evolving needs of the deepwater and ultra-deepwater energy industry in domestic and foreign locations.The Company provides marine transportation through the Upstream and Downstream business segments.

Company Description

History

Larry Hornbeck founded the original Hornbeck Offshore Services, Inc. in Galveston, Texas in 1997. The company conducted its IPO on the NASDAQ in 1988, under the ticker "HOSS." Larry Hornbeck grew the company for 16 years, and along the way, his son, Todd Hornbeck, took an interest in the shipping industry. In 1996, HOSS merged into Tidewater, but the name of the company and the logo remained with Larry. The Hornbeck Offshore Services, Inc. that exists today...

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