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Hercules Offshore (NASDAQ:HERO) has earned an average recommendation of “Buy” from the seventeen analysts that are covering the company, Stock Ratings Network reports. Seven equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $6.10.

In other Hercules Offshore news, Director Thomas R. Bates, Jr. bought 20,000 shares of the stock on the open market in a transaction dated Wednesday, August 13th. The shares were purchased at an average price of $3.18 per share, with a total value of $63,600.00. The purchase was disclosed in a filing with the SEC, which is available at this link.

Hercules Offshore (NASDAQ:HERO) traded up 0.91% during mid-day trading on Wednesday, hitting $3.31. The stock had a trading volume of 551,976 shares. Hercules Offshore has a one year low of $3.10 and a one year high of $7.85. The stock has a 50-day moving average of $3.57 and a 200-day moving average of $4.27. The company’s market cap is $532.2 million.

Hercules Offshore (NASDAQ:HERO) last released its earnings data on Wednesday, July 23rd. The company reported $0.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.02 by $0.02. The company had revenue of $243.00 million for the quarter, compared to the consensus estimate of $242.57 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was up 14.8% on a year-over-year basis. Analysts expect that Hercules Offshore will post $0.22 EPS for the current fiscal year.

HERO has been the subject of a number of recent research reports. Analysts at Global Hunter Securities raised their price target on shares of Hercules Offshore from $0.75 to $3.75 in a research note on Tuesday, August 5th. Separately, analysts at Deutsche Bank reiterated a “buy” rating on shares of Hercules Offshore in a research note on Thursday, July 24th. They now have a $6.00 price target on the stock, down previously from $7.00. Finally, analysts at Jefferies Group reiterated a “hold” rating on shares of Hercules Offshore in a research note on Thursday, July 24th. They now have a $4.50 price target on the stock, down previously from $5.00.

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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