Hermitage Offshore Services (NYSE:PSV) Cut to “Neutral” at BTIG Research

Hermitage Offshore Services (NYSE:PSV) was downgraded by BTIG Research from a “buy” rating to a “neutral” rating in a research note issued on Monday, Marketbeat.com reports.

Separately, ValuEngine upgraded shares of Hermitage Offshore Services from a “hold” rating to a “buy” rating in a report on Thursday, April 2nd.

Shares of PSV stock opened at $0.52 on Monday. The business’s fifty day moving average is $0.65 and its 200 day moving average is $0.80. The company has a quick ratio of 2.98, a current ratio of 3.31 and a debt-to-equity ratio of 2.82. The stock has a market cap of $18.80 million, a price-to-earnings ratio of -0.61 and a beta of 0.82. Hermitage Offshore Services has a twelve month low of $0.31 and a twelve month high of $3.03.

Hermitage Offshore Services (NYSE:PSV) last announced its earnings results on Thursday, June 4th. The company reported ($0.25) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.10) by ($0.15). The business had revenue of $10.87 million for the quarter. Hermitage Offshore Services had a negative net margin of 38.93% and a negative return on equity of 36.61%.

Hermitage Offshore Services Company Profile

Hermitage Offshore Services Ltd. operates as an offshore support vessel company. As of June 6, 2019, it had a fleet of 23 vessels, including 10 platform supply vessels, 2 anchor handling tug supply vessels, and 11 crew boats. The company's vessels primarily operate in the North Sea or the West Coast of Africa.

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