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

Rating:
Neutral HERO

Hercules Offshore, Inc. (HERO) rated Neutral with price target $30 by UBS

Posted on: Wednesday,  Jul 30, 2008  10:25 AM ET by UBS

Hercules Offshore, Inc. (HERO)
rated Neutral with price target $30 by UBS.

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.

UBS is the leading global wealth manager, a top tier investment banking and securities firm, and one of the largest global asset managers. In Switzerland, UBS is the market leader in retail and commercial banking. With headquarters in Zurich and Basel, Switzerland, UBS operates in over 50 countries and from all major international centers. UBS employs more than 80,000 people.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
7/30/2008 10:25 AM Hold
None
25.31 30.00
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
5/15/2008 8:25 AM Hold
None
32.19 35.00

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