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Hercules Offshore, Inc. (HERO) [hlAlert]

Rating:
Hold HERO
up 3.69 %

Hercules Offshore, Inc. (HERO) downgraded to Hold by Deutsche Securities

Posted on: Tuesday,  Apr 15, 2008  8:25 AM ET by Deutsche Securities

Deutsche Securities rated Hold Hercules Offshore, Inc. (NASDAQ: HERO) on 04/15/2008. Previously Deutsche Securities rated Buy Hercules Offshore, Inc. (NASDAQ: HERO) on
10/31/2007., when the stock price was $27.04. Since then, Hercules Offshore, Inc. has gained 3.70% as of 04/15/2008's recent price of $28.04.
If you would have followed the previous Deutsche Securities's recommendation on HERO, you would have gained 3.69% of your investment in 167 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.

Deutsche Bank's award-winning Research team manages a range of functions from asset allocation, through economic forecasting across a broad range of industry sectors including cement and construction, chemicals, electronics, energy, engineering, machinery, media, software, tobacco, retailing and utilities, and oil and gas.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/15/2008 8:25 AM Hold
None
28.04
as of 12/24/2008
1 Week down  -3.65 %
1 Month up  52.63 %
3 Months down  -29.78 %
1 YTD down  -38.94 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
10/31/2007 1:25 PM Buy
None
27.04 30.00

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