Jefferson Research Upgrades Gulfmark Offshore to Hold (GLF)
Gulfmark Offshore (NYSE:GLF) was upgraded by equities research analysts at Jefferson Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday, Analyst Ratings News reports.
In other Gulfmark Offshore news, Director Robert B. Millard sold 9,151 shares of the stock on the open market in a transaction that occurred on Tuesday, October 22nd. The stock was sold at an average price of $53.72, for a total value of $491,591.72. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Gulfmark Offshore (NYSE:GLF) traded up 0.53% on Tuesday, hitting $51.24. The stock had a trading volume of 54,835 shares. Gulfmark Offshore has a one year low of $27.17 and a one year high of $52.22. The stock has a 50-day moving average of $48.59 and a 200-day moving average of $44.05. The company has a market cap of $1.342 billion and a P/E ratio of 33.29.
Gulfmark Offshore (NYSE:GLF) last issued its quarterly earnings data on Wednesday, October 23rd. The company reported $1.00 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.96 by $0.04. The company had revenue of $121.80 million for the quarter, compared to the consensus estimate of $122.70 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. The company’s quarterly revenue was up 19.6% on a year-over-year basis. Analysts expect that Gulfmark Offshore will post $2.54 EPS for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Cowen and Company raised their price target on shares of Gulfmark Offshore from $60.00 to $62.00 in a research note to investors on Monday. They now have an “outperform” rating on the stock. Separately, analysts at Global Hunter Securities cut their price target on shares of Gulfmark Offshore from $53.00 to $50.00 in a research note to investors on Thursday, October 24th. They now have a “neutral” rating on the stock. Finally, analysts at Zacks upgraded shares of Gulfmark Offshore from a “neutral” rating to an “outperform” rating in a research note to investors on Tuesday, October 15th. They now have a $55.70 price target on the stock. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $52.57.
GulfMark Offshore, Inc provides offshore marine services primarily to companies involved in the offshore exploration and production of oil and natural gas.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.