GulfMark Offshore Inc. (GLF) Hits New 1-Year Low at $2.45
Shares of GulfMark Offshore Inc. (NYSE:GLF) hit a new 52-week low on Tuesday . The stock traded as low as $2.45 and last traded at $2.47, with a volume of 343,747 shares trading hands. The stock had previously closed at $2.64.
Several analysts recently weighed in on the stock. Zacks Investment Research cut shares of GulfMark Offshore from a “hold” rating to a “sell” rating in a report on Friday, July 29th. Morgan Stanley cut their price objective on shares of GulfMark Offshore from $5.50 to $4.00 and set an “underweight” rating on the stock in a report on Thursday, July 28th.
The company’s market cap is $62.53 million. The firm has a 50 day moving average price of $3.01 and a 200-day moving average price of $4.27.
GulfMark Offshore (NYSE:GLF) last issued its earnings results on Tuesday, July 26th. The company reported ($0.57) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.57). The firm had revenue of $30.50 million for the quarter, compared to analysts’ expectations of $31.91 million. The firm’s revenue for the quarter was down 59.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.27 EPS. Equities analysts expect 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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