GulfMark Offshore Inc. (GLF) Trading 7.7% Higher
GulfMark Offshore Inc. (NYSE:GLF) traded up 7.7% during mid-day trading on Friday . The company traded as high as $2.27 and last traded at $2.24, with a volume of 109,957 shares trading hands. The stock had previously closed at $2.08.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of GulfMark Offshore from a “sell” rating to a “hold” rating in a research note on Monday, July 11th. Morgan Stanley dropped their price target on shares of GulfMark Offshore from $5.50 to $4.00 and set an “underweight” rating on the stock in a research note on Thursday, July 28th.
The stock has a 50 day moving average of $2.79 and a 200 day moving average of $4.21. The firm’s market cap is $61.19 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, meeting the Thomson Reuters’ consensus estimate of ($0.57). During the same period in the previous year, the company posted $0.27 earnings per share. The firm earned $30.50 million during the quarter, compared to analyst estimates of $31.91 million. GulfMark Offshore’s revenue was down 59.1% compared to the same quarter last year. 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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