GulfMark Offshore Inc. (GLF) Sees Strong Trading Volume
GulfMark Offshore Inc. (NYSE:GLF) shares saw unusually-strong trading volume on Wednesday . Approximately 339,952 shares were traded during mid-day 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.
A number of analysts have commented on GLF shares. Zacks Investment Research cut shares of GulfMark Offshore from a “hold” rating to a “sell” rating in a research note on Friday, July 29th. 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 research note on Thursday, July 28th.
The stock has a 50 day moving average price of $2.99 and a 200-day moving average price of $4.26. The company’s market capitalization is $60.78 million.
GulfMark Offshore (NYSE:GLF) last released its quarterly earnings data on Tuesday, July 26th. The company reported ($0.57) earnings per share for the quarter, meeting 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.27 EPS. 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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