Price Target Update on GulfMark Offshore (NYSE:GLF)

GulfMark Offshore (NYSE:GLF) stock is expected to deviate a maximum of $1.32 from the average target price of $4.5 for the short term period. 3 Street Experts have initiated coverage on the stock with the most promising target being $6 and the most muted being $3.

Other Equity analysts have also commented on the company shares. Equity Analysts at the Clarkson Platou downgrades the rating on GulfMark Offshore (NYSE:GLF). The brokerage firm has issued a Sell rating on the shares. The shares were previously rated Neutral. The rating by the firm was issued on March 8, 2016.

GulfMark Offshore (NYSE:GLF): stock turned positive on Thursday. Though the stock opened at $3.65, the bulls momentum made the stock top out at $3.8 level for the day. The stock recorded a low of $3.41 and closed the trading day at $3.48, in the green by 0.29%. The total traded volume for the day was 2,269,566. The stock had closed at $3.47 in the previous days trading.

The company shares have dropped -69.32% from its 1 Year high price. On Jun 26, 2015, the shares registered one year high at $12.33 and the one year low was seen on Jan 12, 2016. The 50-Day Moving Average price is $4.12 and the 200 Day Moving Average price is recorded at $4.60. On the companys insider trading activities, Gordon Sheldon S, director of Gulfmark Offshore Inc, unloaded 9,614 shares at an average price of $5.01 on December 10, 2015. The total amount of the transaction was worth $48,166, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

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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