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Hercules Offshore (NASDAQ:HERO) was downgraded by investment analysts at Tudor Pickering from a “buy” rating to an “accumulate” rating in a note issued to investors on Wednesday, reports.

Hercules Offshore (NASDAQ:HERO) opened at 5.77 on Wednesday. Hercules Offshore has a 52-week low of $5.61 and a 52-week high of $7.96. The stock has a 50-day moving average of $6.13 and a 200-day moving average of $6.92. The company has a market cap of $921.7 million and a price-to-earnings ratio of 24.31.

Hercules Offshore (NASDAQ:HERO) last released its earnings data on Thursday, October 24th. The company reported $0.11 EPS for the quarter, beating the Thomson Reuters 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 last year, the company posted ($0.10) earnings per share. Hercules Offshore’s revenue was up 40.6% compared to the same quarter last year. On average, analysts predict that Hercules Offshore will post $0.20 earnings per share for the current fiscal year.

Separately, analysts at ISI Group downgraded shares of Hercules Offshore from a “strong-buy” rating to a “neutral” rating in a research note to investors on Monday, January 13th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company’s stock. Hercules Offshore has a consensus rating of “Hold” and a consensus target price of $9.58.

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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