GulfMark Offshore Inc. (GLF) Hits New 1-Year Low at $2.21
Shares of GulfMark Offshore Inc. (NYSE:GLF) hit a new 52-week low during trading on Wednesday . The company traded as low as $2.21 and last traded at $2.24, with a volume of 176,569 shares changing hands. The stock had previously closed at $2.36.
Several equities analysts have recently issued reports on the company. Zacks Investment Research lowered GulfMark Offshore from a “hold” rating to a “sell” rating in a research report on Friday, July 29th. Morgan Stanley lowered their price target on GulfMark Offshore from $5.50 to $4.00 and set an “underweight” rating for the company in a research report on Thursday, July 28th.
The firm’s market capitalization is $55.82 million. The firm has a 50-day moving average price of $2.83 and a 200 day moving average price of $4.22.
GulfMark Offshore (NYSE:GLF) last issued its quarterly earnings data on Tuesday, July 26th. The company reported ($0.57) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.57). The company had revenue of $30.50 million for the quarter, compared to the consensus estimate of $31.91 million. GulfMark Offshore’s revenue for the quarter was down 59.1% compared to the same quarter last year. During the same period in the previous year, the business earned $0.27 EPS. On average, equities research 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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