Hermitage Offshore Services (OTCMKTS:HOFSQ – Get Free Report) and Seanergy Maritime (NASDAQ:SHIP – Get Free Report) are both transportation companies, but which is the superior business? We will contrast the two businesses based on the strength of their risk, dividends, profitability, earnings, analyst recommendations, valuation and institutional ownership.
Profitability
This table compares Hermitage Offshore Services and Seanergy Maritime’s net margins, return on equity and return on assets.
Net Margins | Return on Equity | Return on Assets | |
Hermitage Offshore Services | N/A | N/A | N/A |
Seanergy Maritime | 20.12% | 12.42% | 6.02% |
Valuation & Earnings
This table compares Hermitage Offshore Services and Seanergy Maritime”s top-line revenue, earnings per share (EPS) and valuation.
Gross Revenue | Price/Sales Ratio | Net Income | Earnings Per Share | Price/Earnings Ratio | |
Hermitage Offshore Services | N/A | N/A | N/A | N/A | N/A |
Seanergy Maritime | $145.31 million | 1.46 | $2.28 million | $0.80 | 13.53 |
Analyst Ratings
This is a breakdown of current ratings and recommmendations for Hermitage Offshore Services and Seanergy Maritime, as provided by MarketBeat.
Sell Ratings | Hold Ratings | Buy Ratings | Strong Buy Ratings | Rating Score | |
Hermitage Offshore Services | 0 | 0 | 0 | 0 | N/A |
Seanergy Maritime | 0 | 0 | 1 | 1 | 3.50 |
Seanergy Maritime has a consensus price target of $12.50, suggesting a potential upside of 15.53%. Given Seanergy Maritime’s higher possible upside, analysts plainly believe Seanergy Maritime is more favorable than Hermitage Offshore Services.
Insider & Institutional Ownership
29.4% of Seanergy Maritime shares are held by institutional investors. 0.3% of Hermitage Offshore Services shares are held by insiders. Comparatively, 4.7% of Seanergy Maritime shares are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company is poised for long-term growth.
Summary
Seanergy Maritime beats Hermitage Offshore Services on 9 of the 9 factors compared between the two stocks.
About Hermitage Offshore Services
Hermitage Offshore Services Ltd., together with its subsidiaries, engages in offshore support vessel business primarily in the North Sea and off the coast of West Africa. It owns and operates a fleet of 23 vessels comprising of ten platform supply vessels, 11 crew boats, and 2 anchor handling supply vessels. The company was formerly known Nordic American Offshore Ltd. and changed its name to Hermitage Offshore Services Ltd. in June 2019. Hermitage Offshore Services Ltd. was founded in 2013 and is based in Hamilton, Bermuda. On August 11, 2020, Hermitage Offshore Services Ltd., along with its affiliates, filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the Southern District of New York.
About Seanergy Maritime
Seanergy Maritime Holdings Corp., a shipping company, provides seaborne transportation of dry bulk commodities worldwide. It operates a fleet of 16 Capesize dry bulk vessels and one Newcastlemax dry bulk vessel with a cargo-carrying capacity of approximately 3,054,820 dwt. The company was formerly known as Seanergy Merger Corp. and changed its name to Seanergy Maritime Holdings Corp. in July 2008. Seanergy Maritime Holdings Corp. was incorporated in 2008 and is based in Glyfada, Greece.
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