DALLAS, June 3, 2010 (GLOBE NEWSWIRE) -- MicroStockProfit.com announces an investment report featuring Hercules Offshore Inc. (Nasdaq:HERO). The report includes financial, comparative and investment analyses, and industry information you need to know to make an educated investment decision.
The full report is available at: www.microstockprofit.com/lp/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. 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.
"Domestic Offshore revenues decreased to $29.0 million in the first quarter 2010 from $59.2 million in the comparable period in 2009. This decrease was primarily driven by a reduction in average revenue per rig per day to $35,191 in the first quarter 2010 from $68,497 in the first quarter 2009 as a result of the industry-wide downturn that pressured dayrates throughout 2009."
To read the entire report visit: www.microstockprofit.com/lp/HERO
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