GulfMark Offshore (GLF) Receives Price Target

GulfMark Offshore (GLF) has been rated by 3 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $4 and the lowest price target forecast is $3. The average forecast of all the analysts is $3.67 and the expected standard deviation is $0.58.

GulfMark Offshore (GLF) : 5 analysts are covering GulfMark Offshore (GLF) and their average rating on the stock is 3.14, which is read as a Hold. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Also, Major Brokerage house, Morgan Stanley maintains its ratings on GulfMark Offshore (NYSE:GLF). In the latest research report, Morgan Stanley lowers the target price from $5.5 per share to $4 per share. According to the latest information available, the shares are now rated Underweight by the analysts at the agency. The rating by the firm was issued on July 28, 2016.

GulfMark Offshore (NYSE:GLF): The stock opened at $2.15 on Thursday but the bulls could not build on the opening and the stock topped out at $2.20 for the day. The stock traded down to $2.04 during the day, due to lack of any buying support eventually closed down at $2.08 with a loss of -3.26% for the day. The stock had closed at $2.15 on the previous day. The total traded volume was 392,220 shares.

GulfMark Offshore, Inc. provides offshore marine support and transportation services. The Company offers these services to companies engaged in the offshore exploration and production of oil and natural gas. The Company operates in three segments: the North Sea (N. Sea), which defines the North Sea market as offshore Norway, Great Britain, the Netherlands, Denmark, Germany, Ireland, the Faeroes Islands, Greenland and the Barents Sea; Southeast Asia (SEA), which is defined as offshore Asia bounded on the west by the Indian subcontinent and on the north by China, then south to Australia and east to the Pacific Islands and the Americas, which defines the Americas market as offshore North, Central and South America, specifically, including the United States, Mexico, Trinidad and Brazil. It operates a fleet of 75 offshore supply vessels (OSVs) in the regions, which include 32 vessels in the North Sea, 13 vessels offshore Southeast Asia and 30 vessels offshore the Americas.

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