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

A number of research firms have recently commented on HERO. 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.

Shares of Hercules Offshore (NASDAQ:HERO) opened at 3.37 on Wednesday. Hercules Offshore has a 52-week low of $3.10 and a 52-week high of $7.85. The stock has a 50-day moving average of $3.51 and a 200-day moving average of $4.25. The company’s market cap is $541.8 million.

Hercules Offshore (NASDAQ:HERO) last announced its earnings results on Wednesday, July 23rd. The company reported $0.04 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.10 earnings per share. Hercules Offshore’s revenue was up 14.8% compared to the same quarter last year. Analysts expect that Hercules Offshore will post $0.22 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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