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Last $0.06 USD
Change Today +0.001 / 1.67%
Volume 1.3M
HEROQ On Other Exchanges
Symbol
Exchange
OTC US
Munich
As of 8:10 PM 09/3/15 All times are local (Market data is delayed by at least 15 minutes).

hercules offshore inc (HEROQ) Snapshot

Open
$0.06
Previous Close
$0.06
Day High
$0.06
Day Low
$0.06
52 Week High
09/8/14 - $3.37
52 Week Low
08/24/15 - $0.05
Market Cap
9.9M
Average Volume 10 Days
2.3M
EPS TTM
$-1.14
Shares Outstanding
161.6M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for HERCULES OFFSHORE INC (HEROQ)

hercules offshore inc (HEROQ) Related Businessweek News

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hercules offshore inc (HEROQ) 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. On August 13, 2015, Hercules Offshore, Inc., along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the US Bankruptcy Court for the District of Delaware.

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

hercules offshore inc (HEROQ) 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 Liftboat O...
Total Annual Compensation: $282.7K
Compensation as of Fiscal Year 2014.

hercules offshore inc (HEROQ) Key Developments

Hercules Offshore, Inc.(NasdaqGS:HERO) dropped from NASDAQ Composite Index

Hercules Offshore, Inc. will be removed from Nasdaq Composite Index.

Hercules Offshore’s Securities To Be Delisted From Nasdaq

On August 13, 2015, the Hercules Offshore, Inc. received a letter from The Nasdaq Listing Qualifications Staff stating that the Staff has determined that the Company’s securities will be delisted from The Nasdaq Stock Market LLC (Nasdaq). The decision was reached by the Staff under Nasdaq Listing Rules 5101, 5110(b) and IM-5101-1 following the Company’s announcement that it filed the Bankruptcy Petitions. As previously disclosed, on March 25, 2015, the Company received a deficiency notice from Nasdaq stating that, based on the closing bid price of the Company’s common stock for the last 30 consecutive business days, the Company no longer meets the minimum $1.00 per share requirement under Nasdaq Listing Rule 5450(a)(1). The letter further indicates that, unless the Company requests an appeal, trading of the Company’s common stock will be suspended at the opening of business on August 24, 2015, and a Form 25-NSE will be filed with the Securities and Exchange Commission, which would remove the Company’s securities from listing and registration on Nasdaq. The Company currently does not intend to appeal Nasdaq’s determination. If the Company does not appeal, the Company expects that its securities will be eligible to be quoted on the OTC Bulletin Board (OTCBB) or on the OTC Markets Group Inc.’s OTC Pink. To be quoted on the OTCBB or the OTC Pink, a market maker must sponsor the security and comply with SEC Rule 15c2-11 before it can initiate a quote in a specific security. If the Company’s securities are delisted from Nasdaq, there can be no assurance that a market maker will apply to quote the Company’s common stock or that the Company’s common stock will be quoted on the OTCBB or the OTC Pink.

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.

 

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