DALLAS, Aug. 29, 2011 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces a stock report featuring Hercules Offshore Inc. (Nasdaq:HERO). The report briefly notes the company's most recent developments and news, and outlines its financial position, market performance, and comparison against industry peers.
The full report is available at: www.microstockprofit.com/lp/HERO
Hercules Offshore Inc. (HERO) is a provider of offshore contract drilling, liftboat and inland barge services with operations spanning the globe. It operates the fourth largest fleet of jackups in the world as well as the largest liftboat and inland barge fleets. The Company's fleet is capable of performing services including oil and gas exploration and development drilling, well service, platform inspection, maintenance and decommissioning operations in shallow water markets. As of July 2011, the Company operated a fleet of 49 jackup rigs, 17 barge rigs, 65 liftboats, two submersible rigs and one platform rig. HERO currently holds 17.5% of share capital in Discovery Offshore, a pure play, ultra-high specification jackup rig company.
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In the report, the analyst notes:
"HERO announced a loss from continuing operations of $14.3 million, or $(0.11) per diluted share, on revenue of $170.2 million for the second quarter 2011. That compares to a loss from continuing operations of $18.4 million, or $(0.16) per diluted share, on revenue of $157.9 million for the second quarter 2010."
"Domestic Offshore revenue increased to $48.6 million in the second quarter of 2011 from $34.1 million in the comparable period in 2010. This increase was mainly driven by the addition of the acquired rigs from Seahawk and higher average dayrates. "
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