ISI Group Downgrades Gulfmark Offshore to Neutral (GLF)
Gulfmark Offshore (NYSE:GLF) was downgraded by investment analysts at ISI Group from a “buy” rating to a “neutral” rating in a note issued to investors on Monday, TheFlyOnTheWall.com reports.
Gulfmark Offshore (NYSE:GLF) last released its earnings data on Wednesday, October 23rd. The company reported $1.00 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was up 19.6% on a year-over-year basis.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays raised their price target on shares of Gulfmark Offshore from $58.00 to $63.00 in a research note to investors on Tuesday, December 17th. They now have an “overweight” rating on the stock. Separately, analysts at Jefferson Research upgraded shares of Gulfmark Offshore from a “sell” rating to a “hold” rating in a research note to investors on Tuesday, October 29th. Finally, 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, October 28th. They now have an “outperform” rating on the stock. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $52.74.
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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