Citigroup Maintains Neutral on Hercules Offshore - Global X Video Games & Esports ETF (NASDAQ:HERO)

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Citigroup reiterates its Neutral rating on Hercules Offshore (NASDAQ: HERO) as consensus estimates on the company's EPS appear light. Citigroup notes, "We believe there is significant upside to HERO's 2013 consensus EPS estimate (-$0.08 vs. our +$0.13 estimate), the realization of which could be a catalyst for HERO shares. We believe the street is failing to appreciate the operating leverage inherent in HERO's business model as the jackup environment tightens. Although several sell-side analysts now have their 2013 EPS in positive territory, we expect others will soon follow suit."HERO closed at $5.45 a share on Thursday.

20-Year Pro Trader Reveals His "MoneyLine"

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