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Hercules Offshore (NASDAQ:HERO) was downgraded by equities researchers at Iberia Capital from an “outperform” rating to a “sector perform” rating in a research report issued on Friday, reports.

A number of other analysts have also recently weighed in on HERO. Analysts at Cowen and Company cut their price target on shares of Hercules Offshore from $7.00 to $6.50 in a research note on Friday. They now have an “outperform” rating on the stock. Separately, analysts at Macquarie initiated coverage on shares of Hercules Offshore in a research note on Wednesday, June 4th. They set an “outperform” rating and a $6.00 price target on the stock. Finally, analysts at Johnson Rice reiterated an “overweight” rating on shares of Hercules Offshore in a research note on Tuesday, June 3rd. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $7.06.

Hercules Offshore (NASDAQ:HERO) opened at 4.935 on Friday. Hercules Offshore has a 52 week low of $4.21 and a 52 week high of $7.96. The stock’s 50-day moving average is $4.57 and its 200-day moving average is $4.99. The company’s market cap is $792.8 million.

Hercules Offshore (NASDAQ:HERO) last issued its quarterly earnings data on Wednesday, April 23rd. The company reported $0.12 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted ($0.02) earnings per share. The company’s quarterly revenue was up 37.9% on a year-over-year basis. On average, analysts predict that Hercules Offshore will post $0.55 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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