Gulfmark Offshore Now Covered by Cowen and Company (GLF)
Equities research analysts at Cowen and Company assumed coverage on shares of Gulfmark Offshore (NYSE:GLF) in a research note issued to investors on Tuesday, TheFlyOnTheWall.com reports. The firm set an “outperform” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Wunderlich initiated coverage on shares of Gulfmark Offshore in a research note to investors on Thursday, September 26th. They set a “hold” rating and a $54.00 price target on the stock. They noted that the move was a valuation call. Separately, analysts at Sidoti initiated coverage on shares of Gulfmark Offshore in a research note to investors on Thursday, September 5th. They set a “buy” rating on the stock. Finally, analysts at Zacks downgraded shares of Gulfmark Offshore 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. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $51.63.
Gulfmark Offshore (NYSE:GLF) traded up 0.62% during mid-day trading on Tuesday, hitting $50.06. 94,220 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 has a 50-day moving average of $49.56 and a 200-day moving average of $45.89. The company has a market cap of $1.328 billion and a P/E ratio of 62.50.
Gulfmark Offshore (NYSE:GLF) last released its 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 in the prior year, the company posted $0.53 earnings per share. The company’s quarterly revenue was up 6.2% on a year-over-year basis. Analysts expect that Gulfmark Offshore will post $2.60 EPS for the current fiscal year.
In other Gulfmark Offshore news, Director David Butters sold 20,000 shares of Gulfmark Offshore stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $51.35, for a total value of $1,027,000.00. Following the transaction, the director now directly owns 501,457 shares in the company, valued at approximately $25,749,817. The sale was disclosed in a document filed with the SEC, which is available at this link.
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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