Heidmar Maritime (NASDAQ:HMR) Releases Earnings Results

Heidmar Maritime (NASDAQ:HMR) posted its earnings results on Tuesday. The company reported $999.00 earnings per share for the quarter, Zacks reports. Heidmar Maritime had a negative net margin of 40.20% and a negative return on equity of 23.13%.

Heidmar Maritime Price Performance

Shares of NASDAQ:HMR opened at $1.56 on Tuesday. The business has a 50 day simple moving average of $0.90 and a two-hundred day simple moving average of $0.97. Heidmar Maritime has a 1 year low of $0.73 and a 1 year high of $2.30. The firm has a market capitalization of $92.02 million, a PE ratio of -4.00 and a beta of -1.34.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HMR. Zacks Research cut shares of Heidmar Maritime from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 25th. B. Riley Financial lowered their price target on shares of Heidmar Maritime from $5.00 to $3.00 and set a “buy” rating for the company in a report on Wednesday, March 25th. Finally, Weiss Ratings downgraded Heidmar Maritime from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, May 18th. One investment analyst has rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average target price of $3.00.

Heidmar Maritime Company Profile

Heidmar Maritime Inc (NASDAQ: HMR) is a global provider of commercial and technical management services for oil and chemical tanker vessels. The company specializes in the operation of crude oil, refined products and chemical tankers under both time charter and voyage charter arrangements. Through its proprietary tanker pools, Heidmar offers owners and charterers enhanced vessel utilization and competitive freight rates by aggregating capacity and optimizing employment across global trade lanes.

Founded in 1993 and headquartered in Hamilton, Bermuda, Heidmar Maritime operates a modern, double‐hull fleet that includes a mix of very large crude carriers (VLCCs), Suezmax tankers, Aframaxes and medium range (MR) product vessels.