Short Term Rating on GulfMark Offshore (GLF)

GulfMark Offshore (GLF) has an average broker rating of 3.14, which is interpreted as a Hold, as rated by 5 equity analysts. Nevertheless, the majority of 4 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 3, which is also a Hold. 1 considers that the stock is a Sell.

GulfMark Offshore (GLF) : 3 investment research analysts covering GulfMark Offshore (GLF) have an average price target of $4.5 for the near short term. The highest target price given by the Brokerage Firm to the stock is $6 and the lowest target is $3 for the short term. Analysts expect the variance to be within $1.32 of the average price.

Company shares have received an average consensus rating of Hold for the current week


GulfMark Offshore (NYSE:GLF): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $3.49 and $3.49 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $3.83. The buying momentum continued till the end and the stock did not give up its gains. It closed at $3.76, notching a gain of 12.91% for the day. The total traded volume was 1,182,059 . The stock had closed at $3.33 on the previous day.

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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