Gulfmark Offshore CEO Sells $1,302,000 in Stock (GLF)
Gulfmark Offshore (NYSE:GLF) CEO Bruce Streeter unloaded 25,000 shares of Gulfmark Offshore stock on the open market in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $52.08, for a total transaction of $1,302,000.00. Following the sale, the chief executive officer now directly owns 449,352 shares in the company, valued at approximately $23,402,252. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on GLF shares. Analysts at Zacks upgraded shares of Gulfmark Offshore from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday. They now have a $55.70 price target on the stock. Separately, analysts at Wunderlich reiterated a “hold” rating on shares of Gulfmark Offshore in a research note to investors on Tuesday, October 8th. They now have a $54.00 price target on the stock. Finally, 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, October 8th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Gulfmark Offshore has a consensus rating of “Buy” and an average target price of $52.67.
Gulfmark Offshore (NYSE:GLF) traded up 0.23% during mid-day trading on Thursday, hitting $52.64. 147,266 shares of the company’s stock traded hands. Gulfmark Offshore has a one year low of $27.17 and a one year high of $52.67. The stock’s 50-day moving average is $50.14 and its 200-day moving average is $46.34. The company has a market cap of $1.396 billion and a price-to-earnings ratio of 65.98.
Gulfmark Offshore (NYSE:GLF) last announced its earnings results 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 previous year, the company posted $0.53 earnings per share. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. On average, analysts predict that Gulfmark Offshore will post $2.61 earnings per share for the current fiscal year.
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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