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

Rating:
Hold HERO

Hercules Offshore, Inc. (HERO) rated Hold by Citigroup

Posted on: Friday,  Sep 12, 2008  8:25 AM ET by Citigroup

Hercules Offshore
(HERO) rated Hold by Citigroup.

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.

Citi Investment Research is a highly respected research unit and is comprised of 390 research analysts across 22 countries. Citi Investment Research covers 3,100 companies, representing 90 percent of the market capitalization of the major global indices, and provides macro and quantitative analysis of global markets and sector trends. Combined with Citi's exceptional sales and trading capabilities and Smith Barney's financial consultants, the core focus of the group is to help investing clients make informed decisions by providing value-added, independent, insightful analysis.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/12/2008 8:25 AM Hold
None
16.96
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 %

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