Clarkson Capital downgraded GulfMark Offshore, Inc. (NYSE:GLF) to Neutral in a report released today.
- Updated: November 29, 2016
Clarkson Capital has downgraded GulfMark Offshore, Inc. (NYSE:GLF) to Neutral in a report released on 11/29/2016.
Yesterday GulfMark Offshore, Inc. (NYSE:GLF) traded -3.85% lower at $1.30. The company’s 50-day moving average is $1.39 and its 200-day moving average is $2.55. The last closing price is down -51.05% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time. 268,548 shares of the stock were exchanged, down from an average trading volume of 389,173
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GulfMark Offshore, Inc. has a 52 week low of $1.05 and a 52 week high of $7.50 The company’s market cap is currently $0.
In addition to Clarkson Capital reporting its target price, a total of 5 brokers have issued a report on the stock. The consensus target price is $4.70 with 0 brokers rating the stock a strong buy, 0 brokers rating the stock a buy, 7 brokers rating the stock a hold, 2 brokers rating the stock a underperform, and finally 0 brokers rating the stock a sell.
General Information About GulfMark Offshore, Inc. (NYSE:GLF)
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), Southeast Asia (SEA) and the Americas. Its vessels transport materials, supplies and personnel to offshore facilities, as well as move and position drilling and production facilities. The operations are conducted in the North Sea, offshore Southeast Asia and offshore in the Americas. It operates a fleet of over 70 owned or managed offshore supply vessels (OSVs), which include over 30 vessels in the North Sea, over 10 vessels offshore Southeast Asia and over 30 vessels offshore the Americas. Its customers include oil and natural gas companies, independent oil and natural gas exploration and production companies working in international markets, and foreign Government-owned or controlled oil and natural gas companies.
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