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Stock analysts at Guggenheim reduced their target price on shares of Hercules Offshore (NASDAQ:HERO) from $5.45 to $5.00 in a report issued on Friday, Analyst Ratings Network.com reports. Guggenheim’s price objective points to a potential upside of 10.38% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. Analysts at Simmons downgraded shares of Hercules Offshore from an “overweight” rating to a “neutral” rating in a research note to investors on Wednesday, January 29th. Separately, analysts at Wells Fargo & Co. downgraded shares of Hercules Offshore from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, January 24th. Finally, analysts at Wunderlich cut their price target on shares of Hercules Offshore from $13.00 to $11.00 in a research note to investors on Thursday, January 23rd. They now have a “buy” rating on the stock. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $8.32.

Shares of Hercules Offshore (NASDAQ:HERO) traded down 1.95% on Friday, hitting $4.53. The stock had a trading volume of 6,786,624 shares. Hercules Offshore has a 52 week low of $4.42 and a 52 week high of $7.96. The stock’s 50-day moving average is $5.70 and its 200-day moving average is $6.68. The company has a market cap of $723.7 million and a P/E ratio of 19.91.

Hercules Offshore (NASDAQ:HERO) last posted its quarterly earnings results on Thursday, February 6th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.08 by $0.06. The company had revenue of $235.30 million for the quarter, compared to the consensus estimate of $232.34 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. The company’s revenue for the quarter was up 34.7% on a year-over-year basis. Analysts expect that Hercules Offshore will post $0.69 EPS 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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