SEACOR Marine's (SMHI) "Sell (D-)" Rating Reiterated at Weiss Ratings

Key Points

• SEACOR Marine's stock has been given a "sell (D-)" rating by Weiss Ratings, indicating ongoing negative sentiment around the company's performance.
• Despite the "sell" rating, other analysts like Wall Street Zen upgraded the stock to "hold" and Clarkson Capital has set a price target of $7.00 after lowering its rating.
• The company's latest earnings report revealed a loss of ($0.26) EPS, better than analysts' expectations, but revenue fell short at $60.81 million compared to the predicted $69.35 million.

SEACOR Marine (NYSE:SMHI - Get Free Report)'s stock had its "sell (d-)" rating reiterated by equities researchers at Weiss Ratings in a note issued to investors on Friday,Weiss Ratings reports.

A number of other equities research analysts have also recently issued reports on SMHI. Wall Street Zen upgraded shares of SEACOR Marine from a "sell" rating to a "hold" rating in a research report on Saturday, August 30th. Clarkson Capital lowered shares of SEACOR Marine from a "buy" rating to a "neutral" rating and set a $7.00 price objective on the stock. in a report on Tuesday, September 9th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Reduce" and an average price target of $7.00.

SEACOR Marine Trading Down 1.6%

Shares of SEACOR Marine stock opened at $6.29 on Friday. The stock has a market capitalization of $169.68 million, a P/E ratio of -2.68 and a beta of 1.39. The company has a quick ratio of 1.60, a current ratio of 1.63 and a debt-to-equity ratio of 1.16. The company has a 50-day simple moving average of $6.36 and a 200 day simple moving average of $5.65. SEACOR Marine has a 12-month low of $3.63 and a 12-month high of $8.82.

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

Institutional Investors Weigh In On SEACOR Marine

Hedge funds have recently added to or reduced their stakes in the stock. Oppenheimer & Co. Inc. boosted its stake in shares of SEACOR Marine by 13.2% in the 1st quarter. Oppenheimer & Co. Inc. now owns 155,200 shares of the company's stock valued at $785,000 after purchasing an additional 18,100 shares during the last quarter. Cerity Partners LLC boosted its stake in shares of SEACOR Marine by 113.3% in the 1st quarter. Cerity Partners LLC now owns 449,073 shares of the company's stock valued at $2,272,000 after purchasing an additional 238,509 shares during the last quarter. Levin Capital Strategies L.P. bought a new position in shares of SEACOR Marine in the 1st quarter valued at about $86,000. Nuveen LLC bought a new position in shares of SEACOR Marine in the 1st quarter valued at about $444,000. Finally, Robotti Robert boosted its stake in shares of SEACOR Marine by 56.0% in the 1st quarter. Robotti Robert now owns 845,687 shares of the company's stock valued at $4,279,000 after purchasing an additional 303,537 shares during the last quarter. Institutional investors own 59.05% of the company's stock.

About SEACOR Marine

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.