SEACOR Marine (NYSE:SMHI) Rating Increased to Buy at Clarkson Capital

Clarkson Capital upgraded shares of SEACOR Marine (NYSE:SMHI) from a neutral rating to a buy rating in a report released on Monday morning, Marketbeat Ratings reports. They currently have $10.00 target price on the stock.

Other equities analysts have also recently issued reports about the company. Weiss Ratings restated a “sell (d-)” rating on shares of SEACOR Marine in a research note on Wednesday, January 21st. Zacks Research downgraded shares of SEACOR Marine from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Finally, Wall Street Zen raised shares of SEACOR Marine from a “sell” rating to a “hold” rating in a research report on Sunday, March 8th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $10.00.

SEACOR Marine Stock Performance

Shares of SEACOR Marine stock opened at $7.09 on Monday. SEACOR Marine has a 52 week low of $3.63 and a 52 week high of $8.17. The company has a quick ratio of 2.51, a current ratio of 2.54 and a debt-to-equity ratio of 1.15. The business has a 50 day moving average price of $6.99 and a 200-day moving average price of $6.74. The company has a market cap of $191.02 million, a PE ratio of -6.82 and a beta of 1.18.

SEACOR Marine (NYSE:SMHI) last announced its earnings results on Wednesday, February 25th. The company reported ($0.57) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.65) by $0.08. SEACOR Marine had a negative return on equity of 11.85% and a negative net margin of 12.22%.The company had revenue of $52.33 million for the quarter, compared to analysts’ expectations of $55.81 million. Equities analysts anticipate that SEACOR Marine will post -2.54 earnings per share for the current fiscal year.

Institutional Trading of SEACOR Marine

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

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.