Stocks Under $10: Hercules Offshore

Richard Suttmeier |

Hercules OffshoreHercules Offshore (HERO) – ($7.79) has been upgraded to a Buy rating according to ValuEngine with fair value at $9.39, which makes the stock 17.1% undervalued. The one-year price target is $8.28. ValuEngine Profile – “Hercules Offshore is uniquely qualified to meet operators' needs for exploration, workover and development drilling and liftboat services in shallow water depths in the Gulf of Mexico and international markets. It is dedicated to maintaining its fleets reliability and continually improving their performance. It conducts rigorous maintenance programs on all of the rigs and liftboats on a regular basis and invest in advanced equipment and safety upgrades. And it also offers a diversified fleet with a full range of vessel classes. To meet customers' needs, vessels operate in various water depths and provide a variety of crane capabilities based on vessel selection. And its fleet works for customers across the Gulf of Mexico, and they are also seeking opportunities in international areas with similar water depths and bottom conditions.”



Analysis – The daily chart for HERO shows rising momentum with the stock above its 21-day, 50-day and 200-day simple moving averages at $7.27, $7.18 and $5.83. My weekly value level is $6.96 with a monthly risky level at $8.44.


Courtesy of Thomson / Reuters

Ticker

Company Name

Mkt Price

Fair Value

One-Year Price Target

Last 12-Mon Retn (%)

5-Yr Avg Retn (%)

P/E Ratio

HERO

HERCULES OFFSHORE

7.79

9.39

8.28

108.29

-30.92

n/a

 

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Symbol Name Price Change % Volume
CHEV Cheviot Financial Corp n/a n/a n/a 0 Trade

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