Wall Street Zen Downgrades SEACOR Marine (NYSE:SMHI) to Sell

SEACOR Marine (NYSE:SMHI) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Several other analysts have also issued reports on the company. Weiss Ratings restated a “sell (d-)” rating on shares of SEACOR Marine in a research note on Wednesday, January 21st. Zacks Research cut SEACOR Marine from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Two investment analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, SEACOR Marine currently has a consensus rating of “Reduce” and an average price target of $7.00.

SEACOR Marine Trading Up 2.6%

NYSE SMHI opened at $7.67 on Friday. The business’s fifty day moving average is $6.70 and its 200-day moving average is $6.64. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.39 and a quick ratio of 2.36. The stock has a market capitalization of $206.57 million, a price-to-earnings ratio of -7.37 and a beta of 1.26. SEACOR Marine has a one year low of $3.63 and a one year high of $8.17.

SEACOR Marine (NYSE:SMHI) last posted its quarterly earnings results on Wednesday, February 25th. The company reported ($0.57) earnings per share for the quarter, beating the consensus estimate of ($0.65) by $0.08. The company had revenue of $52.33 million during the quarter, compared to analyst estimates of $55.81 million. SEACOR Marine had a negative net margin of 12.22% and a negative return on equity of 11.73%. Equities research analysts predict that SEACOR Marine will post -2.54 EPS for the current year.

Institutional Trading of SEACOR Marine

A number of hedge funds and other institutional investors have recently bought and sold shares of SMHI. Barclays PLC boosted its holdings in SEACOR Marine by 9.5% in the 4th quarter. Barclays PLC now owns 58,185 shares of the company’s stock valued at $350,000 after purchasing an additional 5,060 shares during the period. Wells Fargo & Company MN increased its holdings in shares of SEACOR Marine by 55.4% in the fourth quarter. Wells Fargo & Company MN now owns 24,486 shares of the company’s stock worth $147,000 after purchasing an additional 8,733 shares during the period. Goldman Sachs Group Inc. raised its position in shares of SEACOR Marine by 12.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 110,479 shares of the company’s stock worth $665,000 after buying an additional 12,041 shares in the last quarter. Oppenheimer & Close LLC raised its position in shares of SEACOR Marine by 0.5% in the fourth quarter. Oppenheimer & Close LLC now owns 553,833 shares of the company’s stock worth $3,334,000 after buying an additional 2,911 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in SEACOR Marine by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 485,730 shares of the company’s stock valued at $2,925,000 after buying an additional 5,117 shares during the period. Institutional investors own 59.05% of the company’s stock.

SEACOR Marine Company Profile

SEACOR Marine (NYSE:SMHI) is a U.S.-based provider of offshore marine transportation and support services, offering a fleet of platform supply vessels (PSVs), crew transfer vessels, and specialty craft designed for the energy sector. The company serves clients engaged in offshore oil and gas exploration and production, as well as emerging offshore wind and renewable energy projects. Its services include cargo and personnel transfer, subsea support, emergency response, and project logistics.

Formed through the combination of SEACOR Holdings’ offshore marine division and acquired assets from Hornbeck Offshore Services, SEACOR Marine brings together a broad range of technical expertise and vessel capabilities.