Gulfmark Offshore Director Sells $520,000 in Stock (GLF)
Gulfmark Offshore (NYSE:GLF) Director Robert Millard sold 10,000 shares of the stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $52.00, for a total transaction of $520,000.00. Following the transaction, the director now directly owns 290,355 shares in the company. The transaction was disclosed in a document filed with the SEC, which is available at this link.
A number of analysts have recently weighed in on GLF shares. Analysts at Sidoti initiated coverage on shares of Gulfmark Offshore (NYSE:GLF) in a research note to investors on Thursday, September 5th. They set a “buy” rating on the stock. Separately, analysts at Zacks downgraded shares of Gulfmark Offshore (NYSE:GLF) from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday, September 4th. They now have a $53.70 price target on the stock. Finally, analysts at Zacks upgraded shares of Gulfmark Offshore (NYSE:GLF) from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, July 31st. They now have a $51.70 price target on the stock.
Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Gulfmark Offshore presently has an average rating of “Buy” and an average price target of $50.71.
Gulfmark Offshore (NYSE:GLF) traded down 0.46% on Thursday, hitting $51.74. 80,530 shares of the company’s stock traded hands. Gulfmark Offshore has a 1-year low of $27.17 and a 1-year high of $52.22. The stock’s 50-day moving average is $48.82 and its 200-day moving average is $44.45. The company has a market cap of $1.373 billion and a price-to-earnings ratio of 65.30.
Gulfmark Offshore (NYSE:GLF) last issued its quarterly earnings data on Monday, July 22nd. The company reported $0.38 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.30 by $0.08. The company had revenue of $111.35 million for the quarter, compared to the consensus estimate of $105.60 million. During the same quarter last year, the company posted $0.53 earnings per share. Gulfmark Offshore’s revenue was up 6.2% compared to the same quarter last year. Analysts expect that Gulfmark Offshore will post $2.60 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, September 26th. Investors of record on Tuesday, September 17th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.92%. The ex-dividend date is Friday, September 13th.
GulfMark Offshore, Inc provides offshore marine services primarily to companies involved in the offshore exploration and production of oil and natural gas.
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