SEACOR Marine (NYSE:SMHI) Upgraded 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, MarketBeat Ratings reports. They currently have $10.00 target price on the stock.

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

SEACOR Marine Trading Down 2.3%

NYSE:SMHI opened at $7.28 on Monday. The company has a market cap of $196.20 million, a PE ratio of -7.00 and a beta of 1.18. The business’s 50 day moving average is $7.04 and its two-hundred day moving average is $6.75. The company has a quick ratio of 2.51, a current ratio of 2.54 and a debt-to-equity ratio of 1.15. SEACOR Marine has a 52 week low of $3.63 and a 52 week high of $8.17.

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in SMHI. BNP Paribas Financial Markets increased its position in SEACOR Marine by 75.1% in the third quarter. BNP Paribas Financial Markets now owns 3,962 shares of the company’s stock worth $26,000 after buying an additional 1,699 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of SEACOR Marine by 289.7% during the second quarter. Tower Research Capital LLC TRC now owns 9,962 shares of the company’s stock valued at $51,000 after acquiring an additional 7,406 shares during the period. Valeo Financial Advisors LLC bought a new position in shares of SEACOR Marine during the fourth quarter worth about $60,000. Raymond James Financial Inc. grew its position 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 acquiring an additional 10,000 shares during the last quarter. Finally, Wells Fargo & Company MN increased its holdings in shares of 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 acquiring an additional 8,733 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.