Revenue Update on GulfMark Offshore(NYSE:GLF)

GulfMark Offshore(NYSE:GLF) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 26, 2016. Company reported revenue of $30.49M. Analysts estimated a revenue of $31.91M. Earnings per share were $-0.57. Analysts had estimated an EPS of $-0.57.

GulfMark Offshore (GLF) remained unchanged at the close of Friday session. Even as the volume increased to 4,66,204 ,the shares failed to make any impression and ended at 0 points or 0.00% at $2.9. The trading session commenced at $2.93 and the stock hit a high of $2.96 and touched $2.81 at the lower end. Considering that the stock pared all of the losses, it can be said as a positive sign. The share price has a 52-week high of $10.68 and the 52-week low is $2.5. The company has a market cap of $78 M and has approximately 2,68,36,276 outstanding shares.

Several Insider Transactions has been reported to the SEC. On Dec 14, 2015, Sheldon S Gordon (director) sold 9,614 shares at $5.01 per share price.Also, On Nov 16, 2015, Quintin Kneen (CEO) purchased 40,000 shares at $4.94 per share price.On Apr 29, 2015, Steven W Kohlhagen (director) purchased 3,450 shares at $13.95 per share price, according to the Form-4 filing with the securities and exchange commission.

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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