New User:

-or-
Username:
Password:
Forgot your password?

Stock Market & Financial Investment News

News Breaks
January 23, 2014
08:45 EDTHEROHercules Offshore downgraded to Equalweight from Overweight at Capital One
Capital One downgraded Hercules citing the negative fleet status report. Price target lowered to $8 from $11. Note that Global Hunter also downgraded shares this morning.
News For HERO From The Last 14 Days
Check below for free stories on HERO the last two weeks.
Sign up for a free trial to see the rest of the stories you've been missing.
July 23, 2014
07:28 EDTHEROHercules Offshore: Q3 results likely to be impacted by operational challenges
Subscribe for More Information
07:27 EDTHEROHercules Offshore: Q2 results reflect slowdown in domestic drilling activity
Also cites idle timing on certain international rigs. The slowdown in the U.S. Gulf of Mexico has largely been driven by significant property transfers and consolidation among our customer base, which has led to disruptions in their respective drilling programs. The company said the latest discussions with various domestic customers suggest activity levels will rebound late this year. In the meantime, the company said it has taken proactive measures to reduce costs, including our recent decision to postpone the regulatory survey on one of our domestic rigs until visibility improves. Dayrates remain firm in the U.S. Gulf of Mexico, as stable crude oil prices support customer economics.
07:11 EDTHEROHercules Offshore reports Q2 EPS 4c, consensus 1c
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.

I agree to the theflyonthewall.com disclaimer & terms of use