SEACOR Marine (NYSE:SMHI) Posts Earnings Results, Beats Expectations By $0.08 EPS

SEACOR Marine (NYSE:SMHI) issued its quarterly earnings results on Wednesday. The company reported ($0.57) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.65) by $0.08, FiscalAI reports. SEACOR Marine had a negative return on equity of 6.67% and a negative net margin of 16.08%.The company had revenue of $52.33 million for the quarter, compared to analysts’ expectations of $55.81 million.

SEACOR Marine Stock Down 7.7%

SEACOR Marine stock traded down $0.63 during midday trading on Thursday, reaching $7.50. The stock had a trading volume of 79,164 shares, compared to its average volume of 118,628. The stock has a market capitalization of $202.22 million, a P/E ratio of -5.35 and a beta of 1.26. The firm’s fifty day simple moving average is $6.66 and its 200-day simple moving average is $6.63. The company has a debt-to-equity ratio of 1.12, a quick ratio of 2.36 and a current ratio of 2.39. SEACOR Marine has a 1-year low of $3.63 and a 1-year high of $8.17.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of SMHI. BNP Paribas Financial Markets increased its position in SEACOR Marine by 75.1% during the third quarter. BNP Paribas Financial Markets now owns 3,962 shares of the company’s stock worth $26,000 after acquiring an additional 1,699 shares during the period. Tower Research Capital LLC TRC grew its holdings in shares of SEACOR Marine by 289.7% during the 2nd quarter. Tower Research Capital LLC TRC now owns 9,962 shares of the company’s stock valued at $51,000 after purchasing an additional 7,406 shares during the last quarter. Raymond James Financial Inc. grew its stake in shares of SEACOR Marine by 197.4% during the third quarter. Raymond James Financial Inc. now owns 15,065 shares of the company’s stock worth $98,000 after buying an additional 10,000 shares during the last quarter. Wells Fargo & Company MN increased its holdings in SEACOR Marine by 55.4% in the 4th 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 in the last quarter. Finally, Barclays PLC increased its stake in shares of SEACOR Marine by 9.5% in the fourth quarter. Barclays PLC now owns 58,185 shares of the company’s stock valued at $350,000 after buying an additional 5,060 shares during the period. Institutional investors and hedge funds own 59.05% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of SEACOR Marine in a research note on Wednesday, January 21st. Wall Street Zen lowered shares of SEACOR Marine from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. Finally, Zacks Research lowered shares of SEACOR Marine from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $7.00.

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.