SEACOR Marine (NYSE:SMHI) Stock Price Up 1.4% – Still a Buy?

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on SMHI shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of SEACOR Marine in a research note on Monday, April 20th. Clarkson Capital upgraded shares of SEACOR Marine from a “neutral” rating to a “buy” rating and set a $10.00 price objective for the company in a research note on Monday, March 16th. Finally, Wall Street Zen upgraded shares of SEACOR Marine from a “sell” rating to a “hold” rating in a research note on Sunday, March 8th. One equities research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $10.00.

SEACOR Marine Trading Up 1.4%

The company has a quick ratio of 2.32, a current ratio of 2.36 and a debt-to-equity ratio of 1.20. The firm’s 50 day simple moving average is $7.40 and its 200-day simple moving average is $7.10. The company has a market capitalization of $202.00 million, a PE ratio of -6.85 and a beta of 1.10.

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets lifted its position in shares of SEACOR Marine by 75.1% during the third quarter. BNP Paribas Financial Markets now owns 3,962 shares of the company’s stock worth $26,000 after purchasing an additional 1,699 shares in the last quarter. Royal Bank of Canada lifted its position in shares of SEACOR Marine by 781.0% during the first quarter. Royal Bank of Canada now owns 5,718 shares of the company’s stock worth $41,000 after purchasing an additional 5,069 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of SEACOR Marine by 289.7% during the second quarter. Tower Research Capital LLC TRC now owns 9,962 shares of the company’s stock worth $51,000 after purchasing an additional 7,406 shares in the last quarter. Valeo Financial Advisors LLC acquired a new position in shares of SEACOR Marine during the fourth quarter worth $60,000. Finally, Raymond James Financial Inc. lifted its position in shares of SEACOR Marine by 197.4% during the third quarter. Raymond James Financial Inc. now owns 15,065 shares of the company’s stock worth $98,000 after purchasing an additional 10,000 shares in the last quarter. 59.05% of the stock is owned by institutional investors and hedge funds.

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.