Drilling Deeper Into Gulfmark

Monday, April 28, 2008


With oil prices on a boil, Gulfmark Offshore, which provides offshore marine services to oil and Natural gas companies, has been a key beneficiary. The stock has doubled in the past two years. In February this year, the stock broke above its 50-day and 200-day moving averages and has rallied about 40% in the past 2 1/2 months, touching an all-time high last week. Currently, the stock is trading at $57.88, about 10.37 times its 2008 estimates.
The company reports first quarter results before the market opens on April 30, 2008. Analysts expect the company to report earnings of $1.10 a share. In the last 60 days, analysts have revised up earnings estimates for Gulfmark Offshore by a penny to $1.10 for the first quarter and by 11 cents to $5.58 for the full year.

Source:  RTT

Maritime Reporter July 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

CWind Joins National Workboat Association

Citing crew transfer services as an integral part of its offering, offshore wind industry service provider CWind announced it is now a member of the National Workboat Association (NWA) of the U.

BG Group Starts up Sixth FPSO in the Santos Basin

BG Group announced first oil from the Cidade de ItaguaĆ­ floating, production, storage and offloading (FPSO) vessel, the sixth unit to start production across the

BG Awards Fugro MBES, Seabed Coring Contract

Fugro has been awarded a contract by BG International Limited Sucursal Honduras to conduct an integrated multibeam echosounder (MBES) survey and seabed coring campaign

 
 
Maritime Contracts Maritime Security Navigation Offshore Oil Pipelines Ship Electronics Ship Repair Shipbuilding / Vessel Construction Sonar Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.1183 sec (8 req/sec)