GulfMark Offshore Inc. (GLF) Trading Down 2.4%
GulfMark Offshore Inc. (NYSE:GLF) shares fell 2.4% during trading on Monday . The company traded as low as $2.24 and last traded at $2.40, with a volume of 200,553 shares. The stock had previously closed at $2.46.
A number of brokerages have commented on GLF. Zacks Investment Research upgraded shares of GulfMark Offshore from a “sell” rating to a “hold” rating in a research note on Monday, July 11th. 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 firm has a 50 day moving average of $2.96 and a 200-day moving average of $4.25. The stock’s market capitalization is $63.60 million.
GulfMark Offshore (NYSE:GLF) last posted its quarterly earnings data on Tuesday, July 26th. The company reported ($0.57) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.57). The firm had revenue of $30.50 million for the quarter, compared to analyst estimates of $31.91 million. During the same quarter last year, the company earned $0.27 earnings per share. The company’s quarterly revenue was down 59.1% compared to the same quarter last year. On average, equities research analysts forecast 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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