Gulfmark Offshore Rating Reiterated by Wunderlich (GLF)
Gulfmark Offshore (NYSE:GLF)‘s stock had its “hold” rating reaffirmed by analysts at Wunderlich in a research report issued to clients and investors on Tuesday, Stock Ratings News reports. They currently have a $54.00 target price on the stock. Wunderlich’s price objective would suggest a potential upside of 7.87% from the stock’s previous close.
GLF has been the subject of a number of other recent research reports. Analysts at Credit Suisse raised their price target on shares of Gulfmark Offshore from $55.00 to $60.00 in a research note to investors on Tuesday. Separately, analysts at Cowen and Company initiated coverage on shares of Gulfmark Offshore in a research note to investors on Tuesday. They set an “outperform” rating on the stock. Finally, 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. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target 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 52 week low of $27.17 and a 52 week high of $52.22. The stock’s 50-day moving average is $49.56 and its 200-day moving average is $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 issued its quarterly earnings data on Monday, July 22nd. The company reported $0.38 earnings per share (EPS) for the quarter, beating the 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 the company’s stock on the open market in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $51.35, for a total transaction of $1,027,000.00. Following the completion of the sale, the director now directly owns 501,457 shares in the company, valued at approximately $25,749,817. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through 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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