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Shares of GulfMark Offshore (NYSE:GLF) have received a consensus rating of “Hold” from the nine ratings firms that are presently covering the company, American Banking News.com reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $49.42.

A number of analysts have recently weighed in on GLF shares. 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, July 22nd. They now have a $50.00 price target on the stock, down previously from $60.00.

Shares of GulfMark Offshore (NYSE:GLF) opened at 39.15 on Wednesday. GulfMark Offshore has a 1-year low of $39.01 and a 1-year high of $53.89. The stock has a 50-day moving average of $44.04 and a 200-day moving average of $44.33. The company has a market cap of $1.033 billion and a P/E ratio of 11.80.

GulfMark Offshore (NYSE:GLF) last announced its earnings results on Tuesday, July 22nd. The company reported $0.91 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.38 earnings per share. GulfMark Offshore’s revenue was up 18.0% compared to the same quarter last year. On average, analysts predict that GulfMark Offshore will post $3.53 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.

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