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Hercules Offshore (NASDAQ:HERO) was downgraded by equities research analysts at ISI Group from a “strong-buy” rating to a “neutral” rating in a research note issued to investors on Monday, TheFlyOnTheWall.com reports.

Shares of Hercules Offshore (NASDAQ:HERO) opened at 5.64 on Monday. Hercules Offshore has a one year low of $5.61 and a one year high of $7.96. The stock’s 50-day moving average is $6.15 and its 200-day moving average is $6.94. The company has a market cap of $901.0 million and a price-to-earnings ratio of 25.00.

Hercules Offshore (NASDAQ:HERO) last released its earnings data on Thursday, October 24th. The company reported $0.11 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.04. The company had revenue of $225.30 million for the quarter, compared to the consensus estimate of $222.35 million. During the same quarter in the previous year, the company posted ($0.10) earnings per share. The company’s revenue for the quarter was up 40.6% on a year-over-year basis. On average, analysts predict that Hercules Offshore will post $0.20 earnings per share for the current fiscal year.

Hercules Offshore, Inc (NASDAQ:HERO) provides shallow-water drilling and marine services to the oil and natural gas exploration and production industry globally.

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