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GulfMark Offshore (NYSE:GLF) reached a new 52-week low during trading on Friday , AR Network reports. The company traded as low as $39.01 and last traded at $39.34, with a volume of 98,947 shares changing hands. The stock had previously closed at $39.72.

Several analysts have recently commented on the stock. Analysts at RS Platou downgraded shares of GulfMark Offshore from a “neutral” rating to a “sell” rating in a research note on Friday. They now have a $38.00 price target on the stock. Separately, analysts at Global Hunter Securities downgraded shares of GulfMark Offshore from a “buy” rating to an “accumulate” rating in a research note on Wednesday. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of GulfMark Offshore in a research note on Tuesday. They now have a $50.00 price target on the stock, down previously from $60.00. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $49.42.

The stock’s 50-day moving average is $44.2 and its 200-day moving average is $44.38. The company has a market cap of $1.033 billion and a price-to-earnings ratio of 11.80.

GulfMark Offshore (NYSE:GLF) last posted its quarterly earnings results on Tuesday, July 22nd. The company reported $0.91 earnings per share (EPS) for the quarter, missing the 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 previous year, the company posted $0.38 earnings per share. The company’s revenue for the quarter was up 18.0% on a year-over-year basis. Analysts expect that GulfMark Offshore will post $3.60 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.

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