GulfMark Offshore Receives Outperform Rating from Credit Suisse (GLF)
GulfMark Offshore (NYSE:GLF)‘s stock had its “outperform” rating restated by stock analysts at Credit Suisse in a report issued on Tuesday. They currently have a $50.00 target price on the stock, down from their previous target price of $60.00. Credit Suisse’s price objective would indicate a potential upside of 22.01% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks upgraded shares of GulfMark Offshore from an “underperform” rating to a “neutral” rating in a research note on Monday, April 28th. They now have a $45.50 price target on the stock. Separately, 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, April 24th. Finally, 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. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus price target of $51.25.
GulfMark Offshore (NYSE:GLF) traded up 1.27% during mid-day trading on Tuesday, hitting $41.50. 165,108 shares of the company’s stock traded hands. GulfMark Offshore has a one year low of $39.31 and a one year high of $53.89. The stock has a 50-day moving average of $44.69 and a 200-day moving average of $44.49. The company has a market cap of $1.105 billion and a P/E ratio of 12.77.
GulfMark Offshore (NYSE:GLF) last released its earnings data on Monday, July 21st. The company reported $0.91 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.97 by $0.06. The company had revenue of $131.40 million for the quarter, compared to the consensus estimate of $133.14 million. During the same quarter in the prior year, the company posted $0.38 earnings per share. The company’s quarterly revenue was up 18.0% on a year-over-year basis. On average, analysts predict that GulfMark Offshore will post $3.95 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.
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.