| Hercules Offshore's Q2 Loss Narrows on Cost Improvements - Tale of the Tape | |
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Hercules Offshore, Inc. (HERO) is a shallow-water drilling and marine services provider that serves the needs of oil and gas exploration and production firms. Based in Houston, TX, the company provides drilling, well service, platform inspection, maintenance and decommissioning services. However, the ongoing oil price slump has impacted the drilling contractor’s activity levels through receding orders. Currently, Hercules Offshore has a Zacks Rank #4 (Sell) but that could change following its second quarter 2015 earnings report which has just released. We have highlighted some of the key details from the just-released announcement below: Earnings: Hercules Offshore reported adjusted loss per share of 37 cents, narrower than the Zacks Consensus Estimate of a loss of 46 cents. Lower costs aided the result. Revenue: Revenues of $92.6 million, however, failed to meet the Zacks Consensus Estimate of $108 million. Key Stats: Hercules Offshorereported operating income of $1.4 million in the Domestic Offshore segment, against an income of $57.3 million in the year-ago quarter. For the International Offshore unit operating loss was about $40.5 million compared with income of $6.7 million in the second-quarter of 2014. The International Lifeboats segment reported operating income of $0.8, which compared favorably with the year-ago quarter loss of 0.7 million. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >> Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report HERCULES OFFSHR (HERO): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research
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Hercules Offshore, Inc.
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CODE : HERO |
ISIN : US4270931094 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Hercules Offshore is based in United states of america. Hercules Offshore is listed in Germany and in United States of America. Its market capitalisation is US$ 83.1 billions as of today (€ 77.7 billions). Its stock quote reached its lowest recent point on October 12, 2015 at US$ 0.05, and its highest recent level on April 29, 2024 at US$ 19.87. Hercules Offshore has 4 183 629 824 shares outstanding. |