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Last $0.10 USD
Change Today -0.018 / -15.00%
Volume 3.9M
As of 8:10 PM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

hercules offshore inc (HERO) Snapshot

Open
$0.12
Previous Close
$0.12
Day High
$0.13
Day Low
$0.09
52 Week High
07/31/14 - $3.63
52 Week Low
07/30/15 - $0.09
Market Cap
16.5M
Average Volume 10 Days
2.7M
EPS TTM
$-1.14
Shares Outstanding
161.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for HERCULES OFFSHORE INC (HERO)

hercules offshore inc (HERO) Related Businessweek News

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hercules offshore inc (HERO) Details

Hercules Offshore, Inc., together with its subsidiaries, provides shallow-water drilling and marine services to the oil and natural gas exploration and production industry worldwide. The company operates through Domestic Offshore, International Offshore, and International Liftboats segments. It offers oil and gas exploration and development drilling, well services, platform inspection, maintenance, and decommissioning services in various shallow-water provinces. As of February 19, 2015, the company operated a fleet of 33 jackup rigs and 24 liftboat vessels. It serves national oil and gas companies, integrated energy companies, and independent oil and natural gas operators. The company was founded in 2004 and is headquartered in Houston, Texas.

1,800 Employees
Last Reported Date: 03/2/15
Founded in 2004

hercules offshore inc (HERO) Top Compensated Officers

Chief Executive Officer, President and Execut...
Total Annual Compensation: $679.8K
Chief Financial Officer and Senior Vice Presi...
Total Annual Compensation: $311.2K
Senior Vice President of Worldwide Drilling O...
Total Annual Compensation: $335.7K
Senior Vice President of Worldwide Liftboat O...
Total Annual Compensation: $282.7K
Compensation as of Fiscal Year 2014.

hercules offshore inc (HERO) Key Developments

Hercules Offshore, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter and Capex Guidance for the Full Year of 2015

Hercules Offshore, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, total revenues were $79.2 million against $243 million last year. Operating loss was $60.2 million against operating income of $50.0 million last year. Loss before income taxes was $87.0 million against income before income taxes of $19.4 million last year. Net loss was $88.3 million or $0.55 per basic and diluted share against net income of $6.6 million or $0.04 per basic and diluted share last year. Non-GAAP revenues were $92.7 million against $243 million last year. Non-GAAP operating loss was $32.6 million against non-GAAP operating income of $32.3 million last year. Non-GAAP net loss was $59.5 million or $0.37 per diluted share against non-GAAP net loss of $6.5 million or $0.04 per diluted share last year. For the six months, total revenues were $201.9 million against $500 million last year. Operating loss was $90.1 million against operating income of $107.7 million last year. Loss before income taxes was $141.5 million against income before income taxes of $39.2 million last year. Net loss was $145.4 million or $0.90 per basic and diluted share against net income of $26.6 million or $0.16 per diluted share last year. Net cash used in operating activities was $9.3 million against net cash provided by operating activities of $65 million last year. Capital expenditures were $65.9 million against $100.4 million last year. Non-GAAP revenues were $201.9 million against $500 million last year. Non-GAAP operating loss was $76 million against non-GAAP operating income of $89.8 million last year. Non-GAAP net loss was $129.3 million or $0.80 per diluted share against non-GAAP net income of $28.6 million or $0.18 per diluted share last year. Capital and drydocking expenditures were approximately $35 million during the second quarter. For the third quarter, the company currently estimates cash taxes in the $1 million to $3 million range. The company also expects G&A to be in the $20 million range for the third quarter. Third quarter operating expenses are expected to remain in the $14 million to $16 million range. For the full year, the company estimates CapEx and drydock for the remainder of the year to the $35 million to $45 million range.

Hercules Offshore, Inc. Announces the Resignation of Terrell L. Carr as Senior Vice President of Worldwide Drilling Operations, Effective July 31, 2015

on July 17, 2015, Hercules Offshore, Inc. announced that Terrell L. Carr, senior vice president of worldwide drilling operations tendered his resignation effective July 31, 2015. Mr. Carr will receive certain payments and benefits under his employment agreement associated with his termination of service.

Hercules Offshore, Inc. to Report Q2, 2015 Results on Jul 23, 2015

Hercules Offshore, Inc. announced that they will report Q2, 2015 results at 10:00 AM, Central Daylight on Jul 23, 2015

 

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HERO Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Gulfmark Offshore Inc $9.98 USD -0.53
Hornbeck Offshore Services Inc $18.59 USD +0.95
Key Energy Services Inc $1.06 USD -0.20
Stone Energy Corp $6.55 USD -0.78
W&T Offshore Inc $4.03 USD -0.05
View Industry Companies
 

Industry Analysis

HERO

Industry Average

Valuation HERO Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.0x
Price/Book 0.0x
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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