Hercules Offshore, Inc. Fundamental Company Report Including Financial, SWOT, Competitors and Industry Analysis

April 2024 | 50 pages | ID: H471217842DBEN
BAC Reports

Abstracts

Hercules Offshore, Inc. Fundamental Company Report provides a complete overview of the company’s affairs. All available data is presented in a comprehensive and easily accessed format. The report includes financial and SWOT information, industry analysis, opinions, estimates, plus annual and quarterly forecasts made by stock market experts. The report also enables direct comparison to be made between Hercules Offshore, Inc. and its competitors. This provides our Clients with a clear understanding of Hercules Offshore, Inc. position in the Energy Industry.

• The report contains detailed information about Hercules Offshore, Inc. that gives an unrivalled in-depth knowledge about internal business-environment of the company: data about the owners, senior executives, locations, subsidiaries, markets, products, and company history.
• Another part of the report is a SWOT-analysis carried out for Hercules Offshore, Inc.. It involves specifying the objective of the company's business and identifies the different factors that are favorable and unfavorable to achieving that objective. SWOT-analysis helps to understand company’s strengths, weaknesses, opportunities, and possible threats against it.
• The Hercules Offshore, Inc. financial analysis covers the income statement and ratio trend-charts with balance sheets and cash flows presented on an annual and quarterly basis. The report outlines the main financial ratios pertaining to profitability, margin analysis, asset turnover, credit ratios, and company’s long-term solvency. This sort of company's information will assist and strengthen your company’s decision-making processes.
• In the part that describes Hercules Offshore, Inc. competitors and the industry in whole, the information about company's financial ratios is compared to those of its competitors and to the industry. The unique analysis of the market and company’s competitors along with detailed information about the internal and external factors affecting the relevant industry will help to manage your business environment. Your company’s business and sales activities will be boosted by gaining an insight into your competitors’ businesses.
• Also the report provides relevant news, an analysis of PR-activity, and stock price movements. The latter are correlated with pertinent news and press releases, and annual and quarterly forecasts are given by a variety of experts and market research firms. Such information creates your awareness about principal trends of Hercules Offshore, Inc. business.

About Hercules Offshore, Inc.

Hercules Offshore, Inc., together with its subsidiaries, provides shallow-water drilling and marine services to the oil and natural gas exploration and production industry in the U.S. Gulf of Mexico and internationally. It serves national oil and gas companies, integrated energy companies, and independent oil and natural gas operators.

Segments

As of February 24, 2010, the company's business segments included the following: Domestic Offshore, International Offshore, Inland, Domestic Liftboats, International Liftboats, and Delta Towing.

Domestic Offshore: Domestic Offshore includes 22 jackup rigs and 3 submersible rigs in the U.S. Gulf of Mexico that can drill in maximum water depths ranging from 85 to 350 feet. Eleven of the jackup rigs are either working on short-term contracts or available for contracts, ten are cold-stacked and one is mobilizing to the U.S. Gulf of Mexico from Mexico. All three submersibles are cold-stacked.

International Offshore: International Offshore includes 8 jackup rigs and 1 platform rig outside of the U.S. Gulf of Mexico. The company has 2 jackup rigs working offshore in each of India and Saudi Arabia. It has 1 jackup rig contracted offshore in Malaysia and 1 platform rig under contract in Mexico. In addition, the company has 1 jackup rig warm-stacked in each of Bahrain and Gabon and 1 jackup rig contracted to a customer in Angola. In August 2009, the company closed the sale of the Hercules 110, which was cold-stacked in Trinidad.

Inland: Inland includes a fleet of 6 conventional and 11 posted barge rigs that operate inland in marshes, rivers, lakes, and shallow bay or coastal waterways along the U.S. Gulf Coast. Three of its inland barges are either operating on short-term contracts or available and 14 are cold-stacked.

Domestic Liftboats: Domestic Liftboats includes 41 liftboats in the U.S. Gulf of Mexico. Thirty-eight are operating and three are cold-stacked.

International Liftboats: International Liftboats includes 24 liftboats. Twenty-two are operating or available for contract offshore West Africa, including five liftboats owned by a third party, and two are operating or available for contract in the Middle East region.

Delta Towing: Delta Towing business operates a fleet of 29 inland tugs, 12 offshore tugs, 34 crew boats, 46 deck barges, 16 shale barges, and 5 spud barges along and in the U.S. Gulf of Mexico and along the Southeastern coast and from time to time in Mexico. Of these vessels, 21 crew boats, 16 inland tugs, 5 offshore tugs, 1 deck barge and 1 spud barge are cold-stacked, and the remaining are working or available for contracts.

In December 2009, the company entered into an agreement with First Energy Bank B.S.C. (MENAdrill) whereby the company would market, manage, and operate two Friede & Goldman Super M2 design new-build jackup drilling rigs each with a maximum water depth of 300 feet.

In January 2010, the company entered into an agreement with SKDP 1 Ltd., an affiliate of Skeie Drilling & Production ASA, to market, manage, and operate an ultra high specification KFESL Class N new-build jackup drilling rig with a maximum water depth of 400 feet.

Fleet

As of February 24, 2010, the company owned a fleet of 30 jackup rigs, 17 barge rigs, 3 submersible rigs, 1 platform rig, a fleet of marine support vessels, and 60 liftboat vessels. In addition, the company operates 5 liftboat vessels owned by a third party. The company owns 4 retired jackup rigs and 8 retired inland barges, all located in the U.S. Gulf of Mexico. The company has operations in 9 countries on 3 continents. The company's fleet provides various services, such as oil and gas exploration and development drilling, well service, platform inspection maintenance, and decommissioning operations.

Customers

The company's customers primarily include integrated energy companies, independent oil and natural gas operators and national oil companies. The company's major customers include Oil and Natural Gas Corporation Limited, Chevron Corporation, Saudi Aramco, and PEMEX Exploración y Producción.

History

Hercules Offshore, Inc. was founded in 2004. The company was formerly known as Hercules Offshore, LLC and changed its name to Hercules Offshore, Inc. in 2005.

The above Company Fundamental Report is a half-ready report and contents are subject to change.
It means that we have all necessary data in our database to prepare the report but need 2-3 days to complete it. During this time we are also updating the report with respect to the current moment. So, you can get all the most recent data available for the same price. Please note that preparation of additional types of analyses requires extra time.

Contents

RESEARCH METHODOLOGY

DISCLAIMER

1. HERCULES OFFSHORE, INC. COMPANY PROFILE

1.1. Key facts
1.2. Financial Performance
1.3. Key Executives
1.4. Ownership and Major Holders
1.5. Company History

2. HERCULES OFFSHORE, INC. BUSINESS OVERVIEW

2.1. Business Description
2.2. Major Products and Services
2.3. Markets and Sales Activities
2.4. Locations, Subsidiaries, Operating Units

3. HERCULES OFFSHORE, INC. SWOT ANALYSIS

3.1. Overview
3.2. Strengths
3.3. Weaknesses
3.4. Opportunities
3.5. Threats

4. HERCULES OFFSHORE, INC. FINANCIAL ANALYSIS

4.1. Financial Statements
4.1.1. Income Statement
4.1.2. Balance Sheet
4.1.3. Cash Flow
4.2. Financial Ratios
4.2.1. Profitability
4.2.2. Margin Analysis
4.2.3. Asset Turnover
4.2.4. Credit Ratios
4.2.5. Long-Term Solvency
4.2.6. Growth Over Prior Year
4.2.7. Financial Ratios Charts
4.3. Stock Market Snapshot

5. HERCULES OFFSHORE, INC. COMPETITORS AND INDUSTRY ANALYSIS

5.1. Hercules Offshore, Inc. Direct Competitors
5.2. Comparison of Hercules Offshore, Inc. and Direct Competitors Financial Ratios
5.3. Comparison of Hercules Offshore, Inc. and Direct Competitors Stock Charts
5.4. Hercules Offshore, Inc. Industry Analysis
5.4.1. Energy Industry Snapshot
  5.4.2. Hercules Offshore, Inc. Industry Position Analysis

6. HERCULES OFFSHORE, INC. NEWS & EVENTS

6.1. News & PR Activity Analysis
6.2. IR Corporate News
6.3. Marketing News
6.4. Corporate Events

7. HERCULES OFFSHORE, INC. EXPERTS REVIEW¹

7.1. Experts Consensus
7.2. Experts Revisions

8. HERCULES OFFSHORE, INC. ENHANCED SWOT ANALYSIS²

9. UNITED STATES PESTEL ANALYSIS²

9.1. Political Factors
9.2. Economic Factors
9.3. Social Factors
9.4. Technological Factors
9.5. Environmental Factors
9.6. Legal Factors

10. HERCULES OFFSHORE, INC. IFE, EFE, IE MATRICES²

10.1. Internal Factor Evaluation Matrix
10.2. External Factor Evaluation Matrix
10.3. Internal External Matrix

11. HERCULES OFFSHORE, INC. PORTER FIVE FORCES ANALYSIS²

12. HERCULES OFFSHORE, INC. VRIO ANALYSIS²

APPENDIX: RATIO DEFINITIONS

LIST OF FIGURES

Hercules Offshore, Inc. Annual Revenues in Comparison with Cost of Goods Sold and Gross Profit
Profit Margin Chart
Operating Margin Chart
Return on Equity (ROE) Chart
Return on Assets (ROA) Chart
Debt to Equity Chart
Current Ratio Chart
Hercules Offshore, Inc. 1-year Stock Charts
Hercules Offshore, Inc. 5-year Stock Charts
Hercules Offshore, Inc. vs. Main Indexes 1-year Stock Chart
Hercules Offshore, Inc. vs. Direct Competitors 1-year Stock Charts
Hercules Offshore, Inc. Article Density Chart

1 – Data availability depends on company’s security policy.
2 – These sections are available only when you purchase a report with appropriate additional types of analyses.
The complete financial data is available for publicly traded companies.

List Of Tables

LIST OF TABLES

Hercules Offshore, Inc. Key Facts
Profitability
Management Effectiveness
Income Statement Key Figures
Balance Sheet Key Figures
Cash Flow Statement Key Figures
Financial Performance Abbreviation Guide
Hercules Offshore, Inc. Key Executives
Hercules Offshore, Inc. Major Shareholders
Hercules Offshore, Inc. History
Hercules Offshore, Inc. Products
Revenues by Segment
Revenues by Region
Hercules Offshore, Inc. Offices and Representations
Hercules Offshore, Inc. SWOT Analysis
Yearly Income Statement Including Trends
Income Statement Latest 4 Quarters Including Trends
Yearly Balance Sheet Including Trends
Balance Sheet Latest 4 Quarters Including Trends
Yearly Cash Flow Including Trends
Cash Flow Latest 4 Quarters Including Trends
Hercules Offshore, Inc. Profitability Ratios
Margin Analysis Ratios
Asset Turnover Ratios
Credit Ratios
Long-Term Solvency Ratios
Financial Ratios Growth Over Prior Year
Hercules Offshore, Inc. Capital Market Snapshot
Hercules Offshore, Inc. Direct Competitors Key Facts
Direct Competitors Profitability Ratios
Direct Competitors Margin Analysis Ratios
Direct Competitors Asset Turnover Ratios
Direct Competitors Credit Ratios
Direct Competitors Long-Term Solvency Ratios
Energy Industry Statistics
Hercules Offshore, Inc. Industry Position
Company vs. Industry Income Statement Analysis
Company vs. Industry Balance Sheet Analysis
Company vs. Industry Cash Flow Analysis
Company vs. Industry Ratios Comparison
Hercules Offshore, Inc. Consensus Recommendations¹
Analyst Recommendation Summary¹
Price Target Summary¹
Experts Recommendation Trends¹
Revenue Estimates Analysis¹
Earnings Estimates Analysis¹
Historical Surprises¹
Revenue Estimates Trend¹
Earnings Estimates Trend¹
Revenue Revisions¹

ANALYSIS FEATURES

SWOT Analysis

SWOT, which stands for Strengths, Weaknesses, Opportunities and Threats, is an analytical framework that identifies the internal and external factors that are favorable and unfavorable for a company.

Enhanced SWOT Analysis

Enhanced SWOT is a 3×3 grid that arranges strengths, weaknesses, opportunities and threats into one scheme:

• How to use the strengths to take advantage of the opportunities?
• How to use the strengths to reduce likelihood and impact of the threats?
• How to overcome the weaknesses that obstruct taking advantage of the opportunities?
• How to overcome the weaknesses that can make the threats a reality?

Upon answering these questions a company can develop a project plan to improve its business performance.

PESTEL Analysis

PESTEL (also termed as PESTLE) is an ideal tool to strategically analyze what influence different outside factors – political, economic, sociocultural, technological, environmental and legal – exert on a business to later chart its long term targets.

Being part of the external analysis when carrying out a strategic assessment or performing a market study, PESTEL gives an overview of diverse macro-environmental factors that any company should thoughtfully consider. By perceiving these outside environments, businesses can maximally benefit from the opportunities while minimizing the threats to the organization.

Key Factors Examined by PESTEL Analysis:

• Political – What opportunities and pressures are brought by political bodies and what is the degree of public regulations’ impact on the business?
• Economic – What economic policies, trends and structures are expected to affect the organization, what is this influence’s degree?
• Sociological – What cultural and societal aspects will work upon the demand for the business’s products and operations?
• Technological – What impact do the technological aspects, innovations, incentives and barriers have on the organization?
• Environmental – What environmental and ecological facets, both locally and farther afield, are likely to predetermine the business?
• Legal – What laws and legislation will exert influence on the style the business is carried out?

IFE, EFE, IE Matrices

The Internal Factor Evaluation matrix (IFE matrix) is a strategic management tool helping audit or evaluate major weaknesses and strengths in a business’s functional areas. In addition, IFE matrix serves as a basis for identifying and assessing relationships amongst those areas. The IFE matrix is utilised in strategy formulation.

The External Factor Evaluation matrix (EFE matrix) is a tool of strategic management that is typically utilised to assess current market conditions. It is an ideal instrument for visualising and prioritising the threats and opportunities a firm is facing.

The essential difference between the above mentioned matrices lies in the type of factors incorporated in the model; whilst the latter is engaged in internal factors, the former deals exceptionally with external factors – those exposed to social, political, economic, legal, etc. external forces.

Being a continuation of the EFE matrix and IFE matrix models, the Internal External matrix (IE matrix) rests upon an investigation of external and internal business factors integrated into one suggestive model.

Porter Five Forces Analysis

The Porter’s five forces analysis studies the industry of operation and helps the company find new sources of competitive advantage. The analysis surveys an industry through five major questions:

1. What composes a threat of substitute products and services?
2. Is there a threat of new competitors entering the market?
3. What is the intensity of competitive rivalry?
4. How big is the bargaining power of buyers?
5. How significant is the bargaining power of suppliers?

VRIO Analysis

VRIO stands for Value, Rarity, Imitability, Organization. This analysis helps to evaluate all company’s resources and capabilities and bring them together into one aggregate table that includes:

• Tangible resources
  • Financial
  • Physical
  • Technological
  • Organizational
• Intangible resources
  • Human
  • Innovation and Creativity
  • Reputation
• Organizational capabilities

The result of the analysis gives a clear picture of company’s competitive and economic implications, answering the questions if the resources mentioned above are:

• Valuable?
• Rare?
• Costly to imitate?
• Organized properly?