Fortis Reports on Offshore Sector, Initiates Seacor and Hornbeck with BUY Rating

If you’ve ever wanted to know more about the offshore supply boat sector but didn’t know how to look, we highly recommend Fortis Bank’s newly issued reports, which give an overview of the sector and initiate coverage on Seacor Holdings and Hornbeck Offshore Services. Despite noting the sector’s history of being “plagued by over-capacity, low barriers to entry, and commoditized pricing,” analyst Dan Barrett is bullish on the short-term prospects for the sector, expecting to see a number of supply boat companies exceed consensus expectations over the next few quarters.

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