DALLAS, Sept. 30, 2009 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring Hercules Offshore Inc. (Nasdaq:HERO). The report includes financial, comparative and investment analyses, and pertinent industry information you need to know to make an educated investment decision.
The investment report on Hercules Offshore, Inc. (Nasdaq:HERO) should be of particular interest to other companies in the energy sector, particularly those in the oil well services and equipment industry: Transocean LTD. (NYSE:RIG), Halliburton Company (NYSE:HAL), Noble Corporation (NYSE:NE) and Nabors Industries Ltd. (NYSE:NBR).
The full report is available at: http://www.stockpreacher.com/n/HERO
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. HERO's fleet of jackup rigs is the fourth-largest in the world and the largest in the U.S. Gulf of Mexico.
In the report, the analyst notes:
"HERO has a current Overall Rating of A (Highest Rating). Appreciation potential (77) is high; Power Rating (68) is high. Relative to the S&P 500 Composite, Hercules Offshore Inc. has significant value characteristics -- its appeal is likely to be to capital gain-oriented investors. HERO is of very low investment quality. The Company's current technical position is very strong. HERO's Power Rating is 68. However, HERO's earnings estimates have fallen very significantly in recent months. The Company's Drilling Oil & Gas Wells comparison group is currently in a modestly favorable position, and its return on equity has eroded very significantly since 2005 accelerating very sharply after the 2006 level.
"HERO announced today that it has priced an underwritten public offering of 17.5 million shares of common stock at a public offering price of $5 per share. The offering is expected to close on September 30, 2009. The Company has also granted the underwriters a 30-day option to purchase up to 2.6 million additional shares to cover over-allotments, if any."
To read the entire report visit: http://www.stockpreacher.com/n/HERO
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