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Enter Symbol:
Hercules Offshore, Inc. (HERO) [hlAlert]

Market Perform
down 30.61 %

Hercules Offshore, Inc. (HERO) downgraded to Market Perform by Wells Fargo

Posted on: Friday,  Jan 24, 2014  8:25 AM ET by Wells Fargo

Wells Fargo rated Market Perform Hercules Offshore, Inc. (NASDAQ: HERO) on 01/24/2014. Previously Wells Fargo rated Outperform Hercules Offshore, Inc. (NASDAQ: HERO)
on 06/13/2013., when the stock price was $6.86. Since then, Hercules Offshore, Inc. has lost 30.61% as of 01/24/2014's recent price of $4.76.
If you would have followed the previous Wells Fargo's recommendation on HERO, you would have lost 30.61% of your investment in 225 days.

Hercules Offshore is uniquely qualified to meet operators' needs for exploration, workover and development drilling and liftboat services in shallow water depths in the Gulf of Mexico and international markets. It is dedicated to maintaining its fleets reliability and continually improving their performance. It conducts rigorous maintenance programs on all of the rigs and liftboats on a regular basis and invest in advanced equipment and safety upgrades. And it also offers a diversified fleet with a full range of vessel classes. To meet customers' needs, vessels operate in various water depths and provide a variety of crane capabilities based on vessel selection. And its fleet works for customers across the Gulf of Mexico, and they are also seeking opportunities in international areas with similar water depths and bottom conditions.

The investment research content is provided by Wells Capital Management, a registered investment adviser and wholly owned subsidiary of Wells Fargo Bank, N.A. Our economists’ expertise on domestic markets, and national and global trends, is an important resource to the firm. Wells Capital Management economists are known for their thoughts on investment strategy, macro-economic forecasts and other top-down analysis, and share their views on bonds, midcaps and liquidity management in their publications.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/24/2014 8:25 AM Hold
as of 10/17/2014
1 Week   
1 Month   
3 Months   
1 YTD down  -26.99 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/13/2013 8:25 AM Buy

(*) Stock Price at the time of the recommendation.
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