Clarkson Capital Downgrades SEACOR Marine (NYSE:SMHI) to Neutral

Key Points

• SEACOR Marine was downgraded by Clarkson Capital from a "buy" rating to a "neutral" rating, with a target price of $7.00, indicating an 8.02% potential upside from its previous close.
• In contrast, Wall Street Zen recently upgraded the stock from a "sell" rating to a "hold" rating, resulting in an average consensus rating of "hold" and a price target of $7.00.
• The company reported a quarterly loss of ($0.26) EPS, exceeding analysts' consensus estimate slightly, while also noting a negative return on equity of 13.47% and a revenue of $60.81 million, which fell short of expectations.

SEACOR Marine (NYSE:SMHI - Get Free Report) was downgraded by investment analysts at Clarkson Capital from a "buy" rating to a "neutral" rating in a research note issued to investors on Tuesday, MarketBeat reports. They currently have a $7.00 target price on the stock. Clarkson Capital's price target would indicate a potential upside of 5.72% from the company's current price.

Separately, Wall Street Zen raised SEACOR Marine from a "sell" rating to a "hold" rating in a research note on Saturday, August 30th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $7.00.

SEACOR Marine Trading Up 3.0%

Shares of SEACOR Marine stock traded up $0.19 on Tuesday, hitting $6.62. The stock had a trading volume of 74,169 shares, compared to its average volume of 56,811. The stock has a 50 day moving average of $5.92 and a 200 day moving average of $5.40. SEACOR Marine has a twelve month low of $3.63 and a twelve month high of $10.59. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.60 and a current ratio of 1.63. The firm has a market capitalization of $178.61 million, a P/E ratio of -2.82 and a beta of 1.48.

SEACOR Marine (NYSE:SMHI - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported ($0.26) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.27) by $0.01. SEACOR Marine had a negative return on equity of 13.47% and a negative net margin of 25.40%.The company had revenue of $60.81 million during the quarter, compared to the consensus estimate of $69.35 million. Sell-side analysts expect that SEACOR Marine will post -2.54 earnings per share for the current fiscal year.

Institutional Trading of SEACOR Marine

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SMHI. Tower Research Capital LLC TRC increased its position in 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 period. Cubist Systematic Strategies LLC acquired a new stake in SEACOR Marine during the 4th quarter valued at approximately $68,000. MetLife Investment Management LLC increased its position in SEACOR Marine by 43.1% during the 1st quarter. MetLife Investment Management LLC now owns 14,131 shares of the company's stock valued at $72,000 after purchasing an additional 4,257 shares during the period. Levin Capital Strategies L.P. acquired a new stake in SEACOR Marine during the 1st quarter valued at approximately $86,000. Finally, Exchange Traded Concepts LLC increased its position in SEACOR Marine by 753.5% during the 1st quarter. Exchange Traded Concepts LLC now owns 17,233 shares of the company's stock valued at $87,000 after purchasing an additional 15,214 shares during the period. Institutional investors and hedge funds own 59.05% of the company's stock.

SEACOR Marine Company Profile

SEACOR Marine Holdings Inc provides marine and support transportation services to offshore oil, natural gas, and windfarm facilities worldwide. Its offshore support and specialty vessels deliver cargo and personnel to offshore installations, including offshore wind farms; handle anchors and mooring equipment for offshore rigs and platforms; assist offshore operations for production and storage facilities; provide construction, well work-over, and offshore wind farm installation and decommissioning support; and carry and launch equipment used underwater in drilling and well installation, maintenance, inspection, and repair, as well as offer accommodations for technicians and specialists, safety support, and emergency response services.