Dahlman Rose Assumes Coverage on Hercules Offshore (HERO) at Hold; GOM Jackup Market Tightening, but International Re-contracting a Risk
Tweet
Share
E-mailGet Alerts HERO Hot Sheet
Price: $27.96 +3.33%
Rating Summary:
3 Buy, 8 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
3 Buy, 8 Hold, 5 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Dahlman Rose assumes coverage on Hercules Offshore (NASDAQ: HERO) with a Hold.
Dahlman analyst says, "We expect the Gulf of Mexico Jackup market to tighten further from 88% marketed utilization currently to 94% by the end of 2012. Hercules’ Domestic Offshore quarterly EBITDA is expected to increase to roughly $25 million from roughly $8 million in 3Q11 as utilization and dayrates improve. If visibility increases enough, we believe the company could potentially reactivate rigs."
For more ratings news on Hercules Offshore click here and for the rating history of Hercules Offshore click here.
Shares of Hercules Offshore closed at $3.71 yesterday.
Dahlman analyst says, "We expect the Gulf of Mexico Jackup market to tighten further from 88% marketed utilization currently to 94% by the end of 2012. Hercules’ Domestic Offshore quarterly EBITDA is expected to increase to roughly $25 million from roughly $8 million in 3Q11 as utilization and dayrates improve. If visibility increases enough, we believe the company could potentially reactivate rigs."
For more ratings news on Hercules Offshore click here and for the rating history of Hercules Offshore click here.
Shares of Hercules Offshore closed at $3.71 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- ICICI Securities Resumes Oberoi Realty Ltd (OBER:IN) at Buy (1)
- Alliance Global Partners Starts Momentus (MNTS) at Buy
- BMO Capital Resumes Snowline Gold Corp (SGD:CN) (SNWGF) at Outperform
Create E-mail Alert Related Categories
New CoverageSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
