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

up 32.47 %

Hercules Offshore, Inc. (HERO) downgraded to Hold with price target $5 by Jefferies & Co

Posted on: Wednesday,  Mar 3, 2010  10:25 AM ET by Jefferies & Co

Jefferies & Co rated Hold Hercules Offshore, Inc. (NASDAQ: HERO) on 03/03/2010. Previously Jefferies & Co rated Buy Hercules Offshore, Inc. (NASDAQ: HERO)
on 02/11/2009., when the stock price was $3.48. Since then, Hercules Offshore, Inc. has gained 32.47% as of 03/03/2010's recent price of $4.61.
If you would have followed the previous Jefferies & Co's recommendation on HERO, you would have gained 32.47% of your investment in 385 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.

Our focus on growing and mid-sized companies enables us to identify unique investment ideas, which can make the difference in a tough market. Jefferies' research effort covers U.S. & International equity, high yield, convertibles, investment grade fixed income and post-reorganization securities, as well as special situations and quantitative research. The more than 120-person team of research professionals covers over 1,200 companies in more than 40 industries worldwide. Our analysts focus on identifying emerging industry themes and dig deeper to provide in-depth, thought provoking, objective research. Our analysts use a variety of quantitative and qualitative tools, integrating field analysis, proprietary channel checks and ongoing dialogue with the managements of the companies they cover. We utilize the latest technologies to deliver a research product that is timely, differentiated, and tailored to each customer's needs. Regular client access to companies and their management teams is provided through a wide variety of Jefferies hosted industry conferences, company management meetings and on-site tours.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/3/2010 10:25 AM Hold
4.61 5.00
as of 12/31/2010
1 Week   
1 Month   
3 Months   
1 YTD down  -3.55 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/11/2009 8:25 AM Buy
3.48 6.00
6/25/2008 9:25 AM Buy
35.11 43.00
5/5/2008 9:25 AM Buy
28.25 35.00

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