SEACOR Marine (NYSE:SMHI) Shares Up 1.4% – What’s Next?

SEACOR Marine Holdings Inc. (NYSE:SMHI)’s share price shot up 1.4% during mid-day trading on Tuesday . The stock traded as high as $7.74 and last traded at $7.4650. 60,223 shares changed hands during mid-day trading, a decline of 22% from the average session volume of 77,324 shares. The stock had previously closed at $7.36.

Analyst Ratings Changes

Several brokerages have issued reports on SMHI. Weiss Ratings restated a “sell (d-)” rating on shares of SEACOR Marine in a report on Monday, April 20th. Clarkson Capital upgraded SEACOR Marine from a “neutral” rating to a “buy” rating and set a $10.00 price target for the company in a report on Monday, March 16th. Finally, Wall Street Zen upgraded SEACOR Marine from a “sell” rating to a “hold” rating in a report on Sunday, March 8th. One investment 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 data from MarketBeat.com, SEACOR Marine has a consensus rating of “Hold” and an average price target of $10.00.

SEACOR Marine Stock Performance

The stock has a fifty day simple moving average of $7.40 and a 200-day simple moving average of $7.11. The stock has a market cap of $198.77 million, a P/E ratio of -6.74 and a beta of 1.10. The company has a debt-to-equity ratio of 1.20, a quick ratio of 2.32 and a current ratio of 2.36.

SEACOR Marine (NYSE:SMHI) last released its earnings results on Wednesday, April 29th. The company reported ($0.61) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.92) by $0.31. The firm had revenue of $44.28 million during the quarter, compared to analysts’ expectations of $49.30 million. SEACOR Marine had a negative return on equity of 12.38% and a negative net margin of 13.00%. On average, equities analysts expect that SEACOR Marine Holdings Inc. will post -3.25 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets grew 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 valued at $26,000 after purchasing an additional 1,699 shares in the last quarter. Royal Bank of Canada grew its position in SEACOR Marine by 781.0% in the first quarter. Royal Bank of Canada now owns 5,718 shares of the company’s stock valued at $41,000 after purchasing an additional 5,069 shares in the last quarter. Tower Research Capital LLC TRC grew its position in SEACOR Marine by 289.7% in the second 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 in the last quarter. Valeo Financial Advisors LLC bought a new position in SEACOR Marine in the fourth quarter valued at $60,000. Finally, Raymond James Financial Inc. grew its position 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 purchasing an additional 10,000 shares in the last quarter. Institutional investors own 59.05% of the company’s stock.

About SEACOR Marine

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.