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

SEACOR Marine (NYSE:SMHI) was upgraded by equities research analysts at Clarkson Capital from a “neutral” rating to a “buy” rating in a report released on Monday, Marketbeat reports. The brokerage presently has a $10.00 target price on the stock. Clarkson Capital’s price target indicates a potential upside of 42.45% from the stock’s current price.

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

SEACOR Marine Stock Performance

SMHI stock opened at $7.02 on Monday. The company has a debt-to-equity ratio of 1.15, a current ratio of 2.54 and a quick ratio of 2.51. The company has a 50 day moving average price of $6.97 and a 200 day moving average price of $6.74. SEACOR Marine has a fifty-two week low of $3.63 and a fifty-two week high of $8.17. The stock has a market capitalization of $189.19 million, a PE ratio of -6.75 and a beta of 1.18.

SEACOR Marine (NYSE:SMHI) last posted its quarterly earnings data on Wednesday, February 25th. The company reported ($0.57) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.65) by $0.08. The firm had revenue of $52.33 million for 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%. Analysts forecast that SEACOR Marine will post -2.54 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets lifted its stake in shares of SEACOR Marine by 75.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 3,962 shares of the company’s stock valued at $26,000 after purchasing an additional 1,699 shares during the period. Tower Research Capital LLC TRC grew its stake 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 worth $51,000 after purchasing an additional 7,406 shares during the period. Valeo Financial Advisors LLC bought a new stake in SEACOR Marine in the fourth quarter valued at about $60,000. Raymond James Financial Inc. lifted its stake in SEACOR Marine by 197.4% in the third quarter. Raymond James Financial Inc. now owns 15,065 shares of the company’s stock valued at $98,000 after buying an additional 10,000 shares during the period. Finally, Wells Fargo & Company MN lifted its stake in SEACOR Marine by 55.4% in the fourth quarter. Wells Fargo & Company MN now owns 24,486 shares of the company’s stock valued at $147,000 after buying an additional 8,733 shares during the period. Institutional investors and hedge funds 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.