Seacor (NYSE:CKH) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, January 3rd. The firm currently has a $53.00 target price on the oil and gas company’s stock. Zacks Investment Research‘s target price points to a potential upside of 14.37% from the stock’s previous close.

According to Zacks, “SEACOR Holdings Inc. is a diversified holding company principally focused on domestic and international transportation, logistics, and risk management consultancy. SEACOR provides its customers with highly responsive services focused on innovative technology, modern efficient equipment, and dedicated, highly trained professionals. As the parent company of a global, diversified family of companies, SEACOR has the ability to utilize its subsidiaries’ assets to provide customers with the highest level of service within the industries in which it operates. SEACOR also maintains strategic joint venture arrangements in various geographic locations around the world, enhancing its existing business lines while satisfying specific customer requirements with resources such as logistical support, assets, and personnel. SEACOR engages in the operation of a fleet of offshore vessels in the U.S. Gulf of Mexico, the North Sea, West Africa, Asia, Latin America and other regions. “

A number of other equities analysts have also recently weighed in on CKH. Credit Suisse Group upped their price target on Seacor from $36.00 to $43.00 and gave the stock a “neutral” rating in a report on Friday, November 3rd. Stifel Nicolaus cut Seacor from a “buy” rating to a “hold” rating and upped their price target for the stock from $40.00 to $53.00 in a report on Monday, November 6th. Finally, TheStreet upgraded Seacor from a “d+” rating to a “c-” rating in a research note on Tuesday, November 7th. Three research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $49.67.

Shares of Seacor (CKH) opened at $46.34 on Wednesday. Seacor has a 52-week low of $30.44 and a 52-week high of $51.59. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.09 and a quick ratio of 2.07.

Seacor (NYSE:CKH) last issued its quarterly earnings data on Wednesday, November 1st. The oil and gas company reported $0.38 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.02). The company had revenue of $158.17 million during the quarter, compared to analyst estimates of $151.99 million. Seacor had a negative net margin of 15.49% and a negative return on equity of 9.19%. analysts predict that Seacor will post 0.55 earnings per share for the current fiscal year.

In related news, COO Eric Fabrikant sold 4,988 shares of the stock in a transaction that occurred on Friday, November 3rd. The stock was sold at an average price of $50.74, for a total value of $253,091.12. Following the completion of the transaction, the chief operating officer now directly owns 48,747 shares in the company, valued at $2,473,422.78. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Vice Chairman Oivind Lorentzen sold 20,000 shares of the company’s stock in a transaction on Monday, November 6th. The stock was sold at an average price of $50.15, for a total value of $1,003,000.00. Following the transaction, the insider now owns 41,175 shares in the company, valued at $2,064,926.25. The disclosure for this sale can be found here. Insiders sold 118,487 shares of company stock valued at $5,950,235 over the last 90 days. Company insiders own 10.47% of the company’s stock.

Large investors have recently added to or reduced their stakes in the business. State Street Corp lifted its stake in Seacor by 8.3% during the second quarter. State Street Corp now owns 506,570 shares of the oil and gas company’s stock worth $17,371,000 after purchasing an additional 39,028 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in Seacor by 64.7% in the third quarter. Municipal Employees Retirement System of Michigan now owns 6,260 shares of the oil and gas company’s stock valued at $289,000 after buying an additional 2,460 shares during the last quarter. Vanguard Group Inc. increased its holdings in Seacor by 3.2% in the second quarter. Vanguard Group Inc. now owns 1,492,065 shares of the oil and gas company’s stock valued at $51,177,000 after buying an additional 46,898 shares during the last quarter. Aperio Group LLC purchased a new position in Seacor in the third quarter valued at $278,000. Finally, Walthausen & Co. LLC purchased a new position in Seacor in the second quarter valued at $3,335,000. Institutional investors own 91.72% of the company’s stock.

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Seacor Company Profile

SEACOR Holdings Inc, is engaged in the business of transportation and logistics, alcohol manufacturing, merchandising, and risk management consultancy. The Company’s segments include, Inland River Services, Shipping Services and Illinois Corn Processing. Inland River Services segment operates river transportation equipment used for moving agricultural and industrial commodities and petroleum and chemical products.

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