Heidmar Maritime (NASDAQ:HMR) Announces Quarterly Earnings Results

Heidmar Maritime (NASDAQ:HMR) announced its earnings results on Tuesday. The company reported $999.00 EPS for the quarter, Zacks reports. Heidmar Maritime had a negative return on equity of 23.13% and a negative net margin of 40.20%.

Heidmar Maritime Stock Performance

Shares of HMR opened at $1.49 on Tuesday. Heidmar Maritime has a 1 year low of $0.73 and a 1 year high of $2.30. The stock has a market capitalization of $87.87 million, a PE ratio of -3.82 and a beta of -1.34. The stock has a 50-day simple moving average of $0.90 and a 200-day simple moving average of $0.97.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HMR. B. Riley Financial reduced their price target on shares of Heidmar Maritime from $5.00 to $3.00 and set a “buy” rating on the stock in a research report on Wednesday, March 25th. Zacks Research cut shares of Heidmar Maritime from a “hold” rating to a “strong sell” rating in a report on Wednesday, March 25th. Finally, Weiss Ratings downgraded shares of Heidmar Maritime from a “sell (d-)” rating to a “sell (e+)” rating in a research note on Monday, May 18th. One investment analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat.com, Heidmar Maritime currently has a consensus rating of “Reduce” and a consensus price target of $3.00.

Heidmar Maritime Company Profile

Heidmar Maritime Inc (NASDAQ: HMR) is a global provider of commercial and technical management services for oil and chemical tanker vessels. The company specializes in the operation of crude oil, refined products and chemical tankers under both time charter and voyage charter arrangements. Through its proprietary tanker pools, Heidmar offers owners and charterers enhanced vessel utilization and competitive freight rates by aggregating capacity and optimizing employment across global trade lanes.

Founded in 1993 and headquartered in Hamilton, Bermuda, Heidmar Maritime operates a modern, double‐hull fleet that includes a mix of very large crude carriers (VLCCs), Suezmax tankers, Aframaxes and medium range (MR) product vessels.