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Stock analysts at Cowen and Company cut their price target on shares of Hercules Offshore (NASDAQ:HERO) from $7.00 to $6.50 in a report issued on Friday. The firm currently has an “outperform” rating on the stock. Cowen and Company’s price target indicates a potential upside of 31.71% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the stock. 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. Separately, analysts at Johnson Rice reiterated an “overweight” rating on shares of Hercules Offshore in a research note on Tuesday, June 3rd. 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. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $7.06.

Shares of Hercules Offshore (NASDAQ:HERO) opened at 4.935 on Friday. Hercules Offshore has a one year low of $4.21 and a one year 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 released its 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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