GulfMark Offshore Inc. (GLF) Trading Up 1.7%
Shares of GulfMark Offshore Inc. (NYSE:GLF) were up 1.7% during mid-day trading on Friday . The company traded as high as $2.37 and last traded at $2.33, with a volume of 232,471 shares traded. The stock had previously closed at $2.29.
A number of analysts have recently issued reports on GLF shares. Morgan Stanley dropped their price objective on shares of GulfMark Offshore from $5.50 to $4.00 and set an “underweight” rating for the company in a report on Thursday, July 28th. Zacks Investment Research raised shares of GulfMark Offshore from a “sell” rating to a “hold” rating in a report on Monday, July 11th.
The firm’s market cap is $66.02 million. The company has a 50-day moving average price of $2.96 and a 200 day moving average price of $4.25.
GulfMark Offshore (NYSE:GLF) last issued its earnings results on Tuesday, July 26th. The company reported ($0.57) earnings per share for the quarter, hitting the Zacks’ consensus estimate of ($0.57). During the same quarter in the prior year, the company posted $0.27 EPS. The company had revenue of $30.50 million for the quarter, compared to the consensus estimate of $31.91 million. GulfMark Offshore’s revenue was down 59.1% compared to the same quarter last year. On average, equities analysts forecast that GulfMark Offshore Inc. will post ($2.48) earnings per share 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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