Head to Head Review: Hermitage Offshore Services (OTCMKTS:HOFSQ) vs. Seanergy Maritime (NASDAQ:SHIP)

Hermitage Offshore Services (OTCMKTS:HOFSQ) and Seanergy Maritime (NASDAQ:SHIP) 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

Seanergy Maritime has higher revenue and earnings than Hermitage Offshore Services.

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.