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Hercules Offshore (NASDAQ:HERO)’s share price hit a new 52-week low on Monday , Stock Ratings Network reports. The company traded as low as $4.27 and last traded at $4.40, with a volume of 1,484,031 shares changing hands. The stock had previously closed at $4.41.

Several analysts have recently commented on the stock. Analysts at Credit Suisse downgraded shares of Hercules Offshore to a “neutral” rating in a research note on Tuesday, March 25th. They now have a $5.00 price target on the stock, down previously from $7.00. Separately, analysts at EVA Dimensions upgraded shares of Hercules Offshore from an “underweight” rating to a “hold” rating in a research note on Wednesday, February 19th. Finally, analysts at Cowen and Company cut their price target on shares of Hercules Offshore from $9.00 to $7.00 in a research note on Tuesday, February 11th. They now have an “outperform” rating on the stock. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and five have issued a buy rating to the stock. Hercules Offshore presently has a consensus rating of “Hold” and an average price target of $7.47.

The stock’s 50-day moving average is $4.65 and its 200-day moving average is $5.98. The company’s market cap is $690.6 million.

Hercules Offshore (NASDAQ:HERO) last announced its 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. On average, analysts predict that Hercules Offshore will post $0.58 earnings per share for the current fiscal year.

In other Hercules Offshore news, Director Steven Webster purchased 50,000 shares of the company’s stock in a transaction dated Monday, March 31st. The stock was purchased at an average cost of $4.56 per share, with a total value of $228,000.00. Following the transaction, the director now directly owns 1,467,140 shares of the company’s stock, valued at approximately $6,690,158. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

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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