GulfMark Offshore Stock Rating Upgraded by Zacks (GLF)
GulfMark Offshore (NYSE:GLF) was upgraded by Zacks from an “underperform” rating to a “neutral” rating in a research note issued on Monday, Analyst Ratings News reports. The firm currently has a $45.50 price objective on the stock. Zacks‘s price target would indicate a potential upside of 1.88% from the company’s current price.
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 $51.00 to $53.00 in a research note on Thursday. Separately, analysts at Global Hunter Securities upgraded shares of GulfMark Offshore from a “neutral” rating to a “buy” rating in a research note on Wednesday, April 23rd. They now have a $49.00 price target on the stock, up previously from $44.00. Finally, analysts at Barclays cut their price target on shares of GulfMark Offshore from $63.00 to $60.00 in a research note on Friday, February 28th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. GulfMark Offshore presently has a consensus rating of “Hold” and a consensus price target of $51.93.
Shares of GulfMark Offshore (NYSE:GLF) traded up 0.40% during mid-day trading on Monday, hitting $44.66. The stock had a trading volume of 267,641 shares. GulfMark Offshore has a 52 week low of $38.26 and a 52 week high of $53.89. The stock has a 50-day moving average of $44.73 and a 200-day moving average of $46.45. The company has a market cap of $1.189 billion and a price-to-earnings ratio of 16.50.
GulfMark Offshore (NYSE:GLF) last posted its quarterly earnings results on Monday, April 21st. The company reported $0.63 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.58 by $0.05. The company had revenue of $119.60 million for the quarter, compared to the consensus estimate of $120.89 million. During the same quarter last year, the company posted $0.11 earnings per share. GulfMark Offshore’s revenue was up 23.4% compared to the same quarter last year. Analysts expect that GulfMark Offshore will post $3.99 EPS 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.
To view Zacks’ full report, visit Zacks’ official website.
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.