GulfMark Offshore Inc. (GLF) Stock Price Up 1.7%
Shares of GulfMark Offshore Inc. (NYSE:GLF) were up 1.7% 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 weighed in on GLF shares. Morgan Stanley cut their price target 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 company’s market capitalization is $66.02 million. The company’s 50-day moving average is $2.96 and its 200 day moving average is $4.25.
GulfMark Offshore (NYSE:GLF) last announced its quarterly earnings data on Tuesday, July 26th. The company reported ($0.57) EPS for the quarter, hitting the consensus estimate of ($0.57). The company earned $30.50 million during the quarter, compared to the consensus estimate of $31.91 million. The business’s revenue was down 59.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.27 EPS. On average, analysts expect 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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