GulfMark Offshore (GLF) Shares are Down -7.18%

GulfMark Offshore (GLF) : During the past 4 weeks, traders have been relatively bearish on GulfMark Offshore (GLF), hence the stock is down -25.92% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -7.34% relative to the S&P 500. The 4-week change in the price of the stock is -26.32% and the stock has fallen -7.18% in the past 1 week.

The stock has recorded a 20-day Moving Average of 13.18% and the 50-Day Moving Average is 30.81%.The 200 Day SMA reached 57.14%


GulfMark Offshore (NYSE:GLF): After opening at $1.61, the stock dipped to an intraday low of $1.59 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $1.78 and the buying power remained strong till the end. The stock closed at $1.68 for the day, a gain of 4.35% for the day session. The total traded volume was 583,373. The stocks close on the previous trading day was $1.68.

GulfMark Offshore (GLF) : 3 investment research analysts covering GulfMark Offshore (GLF) have an average price target of $3.67 for the near short term. The highest target price given by the Brokerage Firm to the stock is $4 and the lowest target is $3 for the short term. Analysts expect the variance to be within $0.58 of the average price.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.