SEACOR Marine (NYSE:SMHI) Cut to Neutral at Clarkson Capital

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 research analysts at Clarkson Capital from a "buy" rating to a "neutral" rating in a report released on Tuesday, Marketbeat.com reports. They currently have a $7.00 target price on the stock. Clarkson Capital's price objective indicates a potential upside of 8.02% from the stock's previous close.

Separately, Wall Street Zen upgraded SEACOR Marine from a "sell" rating to a "hold" rating in a report on Saturday, August 30th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $7.00.

SEACOR Marine Trading Up 0.5%

NYSE:SMHI opened at $6.48 on Tuesday. The stock's 50 day moving average price is $5.85 and its 200 day moving average price is $5.38. SEACOR Marine has a 52 week low of $3.63 and a 52 week high of $10.59. The company has a market capitalization of $174.83 million, a P/E ratio of -2.76 and a beta of 1.48. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.60 and a current ratio of 1.63.

SEACOR Marine (NYSE:SMHI - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The company reported ($0.26) 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 for the quarter, compared to the consensus estimate of $69.35 million. On average, research analysts forecast that SEACOR Marine will post -2.54 EPS for the current fiscal year.

Institutional Investors Weigh In On SEACOR Marine

Hedge funds have recently modified their holdings of the business. Tower Research Capital LLC TRC boosted its position in shares of 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 acquiring an additional 7,406 shares during the period. Cubist Systematic Strategies LLC bought a new stake in shares of SEACOR Marine in the fourth quarter valued at approximately $68,000. MetLife Investment Management LLC boosted its position in shares of SEACOR Marine by 43.1% in the first quarter. MetLife Investment Management LLC now owns 14,131 shares of the company's stock valued at $72,000 after acquiring an additional 4,257 shares during the period. Wells Fargo & Company MN boosted its position in shares of SEACOR Marine by 27.8% in the fourth quarter. Wells Fargo & Company MN now owns 14,314 shares of the company's stock valued at $94,000 after acquiring an additional 3,118 shares during the period. Finally, Levin Capital Strategies L.P. bought a new stake in shares of SEACOR Marine in the first quarter valued at approximately $86,000. 59.05% of the stock is owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.