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Hercules Offshore (NASDAQ:HERO) has been given a consensus rating of “Hold” by the eighteen ratings firms that are presently covering the company, reports. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $7.11.

Several analysts have recently commented on the stock. Analysts at Macquarie initiated coverage on shares of Hercules Offshore in a research note on Wednesday. They set an “outperform” rating and a $6.00 price target on the stock. Separately, analysts at Johnson Rice reiterated an “overweight” rating on shares of Hercules Offshore in a research note on Tuesday. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Hercules Offshore in a research note on Thursday, April 24th. They now have a $5.00 price target on the stock.

Shares of Hercules Offshore (NASDAQ:HERO) opened at 4.48 on Friday. Hercules Offshore has a one year low of $4.21 and a one year high of $7.96. The stock has a 50-day moving average of $4.45 and a 200-day moving average of $5.11. The company’s market cap is $719.7 million. Hercules Offshore also saw a large drop in short interest during the month of May. As of May 15th, there was short interest totalling 14,695,554 shares, a drop of 15.7% from the April 30th total of 17,428,215 shares. Approximately 9.5% of the shares of the company are short sold. Based on an average daily volume of 4,549,638 shares, the short-interest ratio is currently 3.2 days.

Hercules Offshore (NASDAQ:HERO) last announced its earnings results on Wednesday, April 23rd. The company reported $0.12 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.14 by $0.02. The company had revenue of $256.73 million for the quarter, compared to the consensus estimate of $263.82 million. During the same quarter last year, the company posted ($0.02) earnings per share. Hercules Offshore’s revenue was up 37.9% compared to the same quarter last year. On average, analysts predict that Hercules Offshore will post $0.54 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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