FBR on Hercules Offshore (NASDAQ:HERO), ENSCO (NYSE:ESV)

FBR adjusted their estimates for Hercules Offshore (NASDAQ:HERO) and ENSCO International Plc (NYSE:ESV) based on new contracts and/or changing fleet status.

On Hercules they said, "We are adjusting our estimates to account for recent announcements in Hercules Offshore's December fleet status report and revising our price target downward to $3.00 from $3.50...Q4 EPS estimate cut from $0.13 to $0.12, FY10 from $0.64 to $0.63, FY11 from $0.63 to $0.65 and FY12 from $0.75 to $0.80."

For Ensco, "Following ENSCO’s recent fleet status report filed for December 2010, we are adjusting our estimates to account for new contracts...The fleet status reports caused modest adjustments to EPS forecasts, bringing expected 2010 EPS to $3.55 from $3.57, 2011 EPS to $4.37 from $4.30, and 2012 EPS to $5.35 from $5.30."

FBR Capital maintains a "Market Perform" on Hercules Offshore, which closed Thursday at $3.09, up $0.23, or 8.04 percent. They lowered their price target on them to $3.

FBR Capital maintains an "Outperform" on ENSCO International Plc, which closed Thursday at $52.25, up $1.05, or 2.05 percent. They have a price target on them of $59.