DALLAS, July 8, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Hercules Offshore Inc. (Nasdaq:HERO). The report includes financial, comparative and investment analyses, and recent company news that you need to know to make an educated investment decision.
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The full report is available at: http://www.microstockprofit.com/lp/HERO
HERO's recent volatility has been greater than normal. This is evidenced by the increased distance between the upper and lower Bollinger Bands. These bands measure volatility using standard deviation and a large width is due to high volatility. Additionally, HERO is trading within its Bollinger Bands. This is a normal condition and suggests that the stock is neither overbought nor oversold relative to the recent price action.
Hercules Offshore Inc. (HERO) provides shallow-water drilling and marine services to the oil and natural gas exploration and production industry in the United States, Gulf of Mexico and internationally. The Company provides these services to integrated energy companies, independent oil and natural gas operators and national oil companies. The Company operates in six business segments: Domestic Offshore, International Offshore, Inland, Domestic Liftboats, International Liftboats and Delta Towing. The Company's fleet of jackup rigs is the fourth largest in the world and the largest in the U.S. Gulf of Mexico. In addition, HERO owns and operates the largest liftboat and inland barge drilling fleets in the world. HERO's diverse and unique fleet is capable of providing services such as oil and gas exploration and development drilling, well service, platform inspection, maintenance and decommissioning operations in shallow water markets.
Message Board Search for HERO: http://www.boardcentral.com/boards/HERO
In the report, the analyst notes:
"HERO recently reported a loss from continuing operations of $16.0 million, or $0.14 per diluted share, on revenues of $150.8 million for the first quarter 2010, compared with a loss from continuing operations of $4.5 million, or $0.05 per diluted share, on revenues of $223.5 million for the first quarter 2009.
"Expanding its geographic footprint has been a fundamental element in HERO's business strategy. HERO has a growing presence in the international offshore arena with 12 rigs on contract in regions such as India, Latin America, Malaysia, the Middle East and West Africa."
To read the entire report visit: http://www.microstockprofit.com/lp/HERO
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