GulfMark Offshore Inc. (GLF) Trading Down 4%
Shares of GulfMark Offshore Inc. (NYSE:GLF) fell 4% on Monday . The company traded as low as $2.62 and last traded at $2.65, with a volume of 92,653 shares trading hands. The stock had previously closed at $2.76.
A number of research firms have weighed in on GLF. Morgan Stanley restated a “sell” rating on shares of GulfMark Offshore in a research note on Tuesday, April 26th. Zacks Investment Research cut GulfMark Offshore from a “hold” rating to a “sell” rating in a research note on Friday, July 29th.
The stock has a 50-day moving average of $3.04 and a 200 day moving average of $4.28. The stock’s market cap is $63.60 million.
GulfMark Offshore (NYSE:GLF) last announced its quarterly earnings data on Tuesday, July 26th. The company reported ($0.57) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.57). The company had revenue of $30.50 million for the quarter, compared to analysts’ expectations of $31.91 million. The firm’s quarterly revenue was down 59.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.27 earnings per share. On average, equities research analysts forecast that GulfMark Offshore Inc. will post ($2.48) EPS for the current year.
GulfMark Offshore, Inc provides offshore marine support and transportation services. The Company offers these services to companies engaged in the offshore exploration and production of oil and natural gas. The Company operates in three segments: the North Sea (N. Sea), Southeast Asia (SEA) and the Americas.
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