Heidmar Maritime (NASDAQ:HMR) Releases Quarterly Earnings Results

Heidmar Maritime (NASDAQ:HMR) issued its earnings results on Tuesday. The company reported $999.00 earnings per share for the quarter, Zacks reports. Heidmar Maritime had a negative return on equity of 23.13% and a negative net margin of 40.20%.

Heidmar Maritime Price Performance

NASDAQ:HMR opened at $1.56 on Tuesday. The business has a fifty day moving average price of $0.90 and a 200-day moving average price of $0.97. Heidmar Maritime has a one year low of $0.73 and a one year high of $2.30. The firm has a market capitalization of $92.02 million, a price-to-earnings ratio of -4.00 and a beta of -1.34.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on HMR. B. Riley Financial decreased their target price on Heidmar Maritime from $5.00 to $3.00 and set a “buy” rating for the company in a research report on Wednesday, March 25th. Weiss Ratings downgraded shares of Heidmar Maritime from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Monday, May 18th. Finally, Zacks Research downgraded Heidmar Maritime from a “hold” rating to a “strong sell” rating in a research note on Wednesday, March 25th. One equities research analyst has rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $3.00.

About Heidmar Maritime

Heidmar Maritime Inc (NASDAQ: HMR) is a global provider of commercial and technical management services for oil and chemical tanker vessels. The company specializes in the operation of crude oil, refined products and chemical tankers under both time charter and voyage charter arrangements. Through its proprietary tanker pools, Heidmar offers owners and charterers enhanced vessel utilization and competitive freight rates by aggregating capacity and optimizing employment across global trade lanes.

Founded in 1993 and headquartered in Hamilton, Bermuda, Heidmar Maritime operates a modern, double?hull fleet that includes a mix of very large crude carriers (VLCCs), Suezmax tankers, Aframaxes and medium range (MR) product vessels.