Hercules Offshore, Inc. HERO saw a big move last session, as the company's shares fell over 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This continues the recent downtrend for HERO, as the stock is now down 10% in the past one-month time frame.
This slump shouldn't be too much of a surprise to investors, as the provider of shallow-water drilling and marine services has seen 1 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.
HERO currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Some better-ranked stocks in the same sector include Pioneer Energy Services Corp. PES, North Atlantic Drilling Limited (NADL) and Parker Drilling Co. PKD. While Pioneer Energy sports a Zacks Rank #1 (Strong Buy), North Atlantic Drilling and Parker Drilling hold a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
HERCULES OFFSHR HERO: Free Stock Analysis Report
PIONEER EGY SVC PES: Free Stock Analysis Report
NORTH ATL DRILG (NADL): Free Stock Analysis Report
PARKER DRILLING PKD: Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
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HERO currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Some better-ranked stocks in the same sector include Pioneer Energy Services Corp. PES, North Atlantic Drilling Limited (NADL) and Parker Drilling Co. PKD. While Pioneer Energy sports a Zacks Rank #1 (Strong Buy), North Atlantic Drilling and Parker Drilling hold a Zacks Rank #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
HERCULES OFFSHR HERO: Free Stock Analysis Report
PIONEER EGY SVC PES: Free Stock Analysis Report
NORTH ATL DRILG (NADL): Free Stock Analysis Report
PARKER DRILLING PKD: Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
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