Seacor Marine (SMHI) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Seacor Marine (SMHI) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.
SEACOR Marine Holdings reported another set of underwhelming quarterly results, with margins and profitability pressured by weak fleet utilization and slightly lower average dayrates. On the flip side, the report also included some green spots, like improvements in fast support vessel demand and new multi-year contracts for two large platform supply vessels offshore Brazil. In addition, the recent sale of two premium liftboats resulted in a large one-time gain and boosted liquidity quite meaningfully.
| Marine Transportation Industry | Industrials Sector | John M. Gellert CEO | XMEX Exchange | US78413P1012 ISIN |
| US Country | 1,239 Employees | - Last Dividend | - Last Split | 2 Jun 2017 IPO Date |
SEACOR Marine Holdings Inc., established in 1989 and based in Houston, Texas, stands as a significant provider of marine and support transportation services, catering to offshore oil and natural gas, and windfarm facilities across the globe. The company specializes in a broad range of offshore support and specialty vessel operations. SEACOR Marine Holdings Inc.'s extensive fleet, which amounted to 58 support vessels by December 31, 2023, including 55 owned or leased-in and three managed for unaffiliated third parties, plays a crucial role in the offshore industry. The company's clientele encompasses a diverse spectrum, ranging from integrated national and international oil companies to independent oil and natural gas exploration and production entities, alongside oil field service, construction companies, offshore wind farm operators, and maintenance establishments.
SEACOR Marine Holdings Inc. has developed a robust suite of services designed to meet the varying needs of the offshore oil, natural gas, and renewable energy sectors: