Consolidated Investment Analysis for Hercules Offshore Company Description
Hercules Offshore, Inc. (Hercules Offshore) provides shallow-water drilling and marine services to the oil and natural gas exploration and production industry globally. It provides these services to national oil and gas companies, major integrated energy companies, and independent oil and natural gas operators. As of February 24, 2010, the Company owned a fleet of 30 jackup rigs, 17 barge rigs, three submersible rigs, one platform rig, a fleet of marine support vessels and 60 liftboat vessels. In addition, Hercules Offshore operates five liftboat vessels owned by a third party. The Company owns four retired jackup rigs and eight retired inland barges, all located in the United States Gulf of Mexico, which are not expected to re-enter active service. Hercules Offshore has operations in nine countries on three continents. Its fleet provides services, such as oil and gas exploration and development drilling, well service, platform inspection maintenance and decommissioning operations. Share Statistics Symbol HERO Current Price 5.61 52wk Range 2.05- 6.99 Avg Vol (3m) 5,938,200
EPS -1.17 Market Cap 644.75M 52wk Change 28.85% P/E (ttm) N/A
Financial Summary
On March 09, 2011, Hercules Offshore Inc reported 4th quarter 2010 losses of -0.03 per share. This result exceeded the -0.11 consensus loss of the 22 analysts covering the company and under-performed last year's 4th quarter results by -86.96%. The next earnings announcement is expected on April 25, 2011. Hercules Offshore Inc reported annual 2010 losses of -0.46 per share on March 09, 2011. HERO.O had 4th quarter 2010 revenues of 172.25m. This bettered the 169.53m consensus of the 15 analysts covering the company. This was 2.24% above the prior year's 4th quarter results. HERO.O had revenues for the full year 2010 of 657.48m. This was -11.49% below the prior year's results.