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Stock Market & Financial Investment News

News Breaks
November 28, 2012
17:42 EDTHEROHercules Offshore received $10M payment from Angola Drilling
On November 27, the company received a cash payment of $10M from Angola Drilling Company Ltd., a customer in Angola. This amount represents an installment payment on the balance owed to the company from the customer pursuant to a drilling contract for the Hercules 185 for services provided from July 2009 through January 2011. The proceeds will be recorded as revenue in our International Offshore segment during the fourth quarter 2012. After the application of this payment, the customer owes the Company $44.4M under the contract.
News For HERO From The Last 14 Days
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October 28, 2014
10:12 EDTHEROOn The Fly: Analyst Downgrade Summary
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09:27 EDTHEROHercules Offshore price target lowered to $4 from $4.50 at Stephens
Stephens lowered its estimates for Hercules Offshore to reflect prolonged weakness in the Gulf of Mexico and cut its price target on the shares to $4 from $4.50. The firm maintains its Overweight rating on the stock.
08:30 EDTHEROHercules Offshore downgraded to Neutral from Outperform at Macquarie
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October 23, 2014
07:43 EDTHEROHercules Offshore reports Q3 EPS (55c) with charges, consensus (5c)
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07:29 EDTHEROHercules Offshore trading halted, pending news
October 17, 2014
10:00 EDTHEROOn The Fly: Analyst Downgrade Summary
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08:30 EDTHEROHercules Offshore downgraded to Market Perform at Cowen
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07:02 EDTHEROHercules Offshore downgraded to Market Perform from Outperform at Cowen
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