GulfMark Offshore Inc. (GLF) Sees Large Volume Increase
Shares of GulfMark Offshore Inc. (NYSE:GLF) saw unusually-high trading volume on Wednesday . Approximately 339,952 shares traded hands during trading, a decline of 8% from the previous session’s volume of 370,035 shares.The stock last traded at $2.35 and had previously closed at $2.53.
GLF has been the subject of several research reports. Morgan Stanley reissued a “sell” rating on shares of GulfMark Offshore in a report on Tuesday, April 26th. Zacks Investment Research lowered GulfMark Offshore from a “hold” rating to a “sell” rating in a report on Tuesday, July 5th.
The stock’s market cap is $62.53 million. The firm’s 50 day moving average price is $3.04 and its 200-day moving average price is $4.28.
GulfMark Offshore (NYSE:GLF) last announced its earnings results on Tuesday, July 26th. The company reported ($0.57) earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.57). The firm earned $30.50 million during the quarter, compared to analyst estimates of $31.91 million. During the same quarter last year, the business earned $0.27 earnings per share. GulfMark Offshore’s revenue was down 59.1% on a year-over-year basis. Analysts forecast that GulfMark Offshore Inc. will post ($2.48) EPS for the current fiscal 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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