Last $4.41 USD
Change Today +0.08 / 1.85%
Volume 4.1M
HERO On Other Exchanges
Symbol
Exchange
NASDAQ GS
Frankfurt
As of 8:10 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

hercules offshore inc (HERO) Snapshot

Open
$4.33
Previous Close
$4.33
Day High
$4.44
Day Low
$4.25
52 Week High
07/22/13 - $7.96
52 Week Low
04/11/14 - $4.21
Market Cap
718.1M
Average Volume 10 Days
4.7M
EPS TTM
$-0.0049
Shares Outstanding
162.8M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for HERCULES OFFSHORE INC (HERO)

hercules offshore inc (HERO) Related Businessweek News

No Related Businessweek News Found

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. Its services comprise oil and gas exploration and development drilling, well services, platform inspection, maintenance, and decommissioning services in various shallow-water provinces. As of February 19, 2014, the company owned a fleet of 38 jackup rigs; and 19 liftboat vessels, as well as operated 5 liftboat vessels owned by third party. It serves national oil and gas companies, integrated energy companies, and independent oil and natural gas operators. The company was formerly known as Hercules Offshore, LLC and changed its name to Hercules Offshore, Inc. in 2005. Hercules Offshore, Inc. was founded in 2004 and is headquartered in Houston, Texas.

2,200 Employees
Last Reported Date: 02/27/14
Founded in 2004

hercules offshore inc (HERO) Top Compensated Officers

Chief Executive Officer, President and Execut...
Total Annual Compensation: $630.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $375.0K
Senior Vice President of Worldwide Drilling O...
Total Annual Compensation: $325.0K
Executive Vice President
Total Annual Compensation: $375.0K
Chief Accounting Officer and Senior Vice Pres...
Total Annual Compensation: $300.0K
Compensation as of Fiscal Year 2013.

hercules offshore inc (HERO) Key Developments

Hercules Offshore, Inc. Announces Receipt of Requisite Consents for its Tender Offer and Consent Solicitation for its 7.125% Senior Secured Notes Due 2017

Hercules Offshore, Inc. announced that it had received, as of 5:00 p.m., New York City time, on March 25, 2014 (the consent expiration), tenders and consents from the holders of $220,072,000 in aggregate principal amount, or approximately 73.36%, of its outstanding $300,000,000 7.125% Senior Secured Notes due 2017 in connection with its previously announced cash tender offer and consent solicitation for the notes, which commenced on March 12, 2014. The company accepted for purchase all notes tendered prior to the consent expiration. In connection with the tender offer and related consent solicitation for the notes, The company entered into a supplemental indenture to the indenture governing the notes to, among other things, eliminate most of the restrictive covenants and certain event of default provisions in the indenture and provides for the release of liens on collateral securing the notes and related amendments to the indenture. Notes tendered on or prior to the consent expiration may no longer be withdrawn. The settlement date for notes tendered on or prior to the consent expiration was March 26, 2014. The tender offer for the notes is scheduled to expire at 11:59 p.m., New York City time, on April 9, 2014, unless extended or earlier terminated by Hercules Offshore. Notes tendered after the consent expiration but prior to the expiration time will not receive a consent payment, but will receive tender consideration of $1,051.19 per $1,000 principal amount of notes accepted in the offer, plus accrued and unpaid interest up to, but not including, the date of payment for the notes. The final settlement for the tender offer will be promptly after the expiration Time and is expected to be on April 10, 2014, the next business day following the expiration time. Any notes not tendered and purchased pursuant to the tender offer will remain outstanding, and the holders thereof will be subject to the terms of the supplemental indenture although they did not consent to the amendments. However, Hercules offshore intends to redeem all notes that remain outstanding following the expiration time.

Hercules Offshore, Inc. Presents at Marine Money 4th Annual Houston Offshore Finance Forum, Apr-03-2014 04:00 PM

Hercules Offshore, Inc. Presents at Marine Money 4th Annual Houston Offshore Finance Forum, Apr-03-2014 04:00 PM. Venue: St. Regis Hotel, 1919 Briar Oaks Lane, Houston, TX 77027, United States. Speakers: John T. Rynd, Chief Executive Officer, President and Executive Director.

Hercules Offshore, Inc. Presents at 42nd Annual Howard Weil Energy Conference, Mar-25-2014 09:15 AM

Hercules Offshore, Inc. Presents at 42nd Annual Howard Weil Energy Conference, Mar-25-2014 09:15 AM. Venue: The Roosevelt New Orleans Hotel, 123 Baronne Street, New Orleans, LA 70112, United States. Speakers: John T. Rynd, Chief Executive Officer, President and Executive Director.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
HERO:US $4.41 USD +0.08

HERO Competitors

Market data is delayed at least 15 minutes.

Company Last Change
Basic Energy Services Inc $28.14 USD -0.07
Cal Dive International Inc $1.57 USD -0.03
Helix Energy Solutions Group Inc $22.63 USD +0.24
Key Energy Services Inc $9.75 USD 0.00
SEACOR Holdings Inc $85.78 USD +0.75
View Industry Companies
 

Industry Analysis

HERO

Industry Average

Valuation HERO Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.8x
Price/Book 0.9x
Price/Cash Flow 8.6x
TEV/Sales NM Not Meaningful
 | 

Post a JobJobs

View all jobs

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact HERCULES OFFSHORE INC, please visit www.herculesoffshore.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.