Zacks: Analysts Set $5.00 Target Price for Hermitage Offshore Services Ltd. (NYSE:PSV)

Hermitage Offshore Services Ltd. (NYSE:PSV) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a strong buy rating.

Brokerages have set a 1-year consensus price target of $5.00 for the company, according to Zacks. Zacks has also assigned Hermitage Offshore Services an industry rank of 101 out of 256 based on the ratings given to related companies.

PSV stock traded down $0.04 during trading hours on Friday, hitting $1.46. The company’s stock had a trading volume of 46,076 shares, compared to its average volume of 31,833. Hermitage Offshore Services has a 12 month low of $1.34 and a 12 month high of $10.60.

Hermitage Offshore Services (NYSE:PSV) last released its quarterly earnings results on Wednesday, September 4th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.14) by ($0.06). The company had revenue of $12.71 million for the quarter. Hermitage Offshore Services had a negative return on equity of 30.29% and a negative net margin of 658.25%.

About Hermitage Offshore Services

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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