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Last $7.98 USD
Change Today +0.48 / 6.40%
Volume 95.6K
GLF On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 11:24 AM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

gulfmark offshore inc-cl a (GLF) Snapshot

Open
$7.48
Previous Close
$7.50
Day High
$8.06
Day Low
$7.44
52 Week High
09/2/14 - $40.54
52 Week Low
08/24/15 - $6.62
Market Cap
205.0M
Average Volume 10 Days
383.3K
EPS TTM
$0.41
Shares Outstanding
25.7M
EX-Date
12/16/14
P/E TM
19.5x
Dividend
$1.00
Dividend Yield
6.25%
Current Stock Chart for GULFMARK OFFSHORE INC-CL A (GLF)

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gulfmark offshore inc-cl a (GLF) Details

GulfMark Offshore Inc. runs a worldwide fleet of vessels offering marine specialty services to offshore oil and natural gas drilling rigs and platforms. Its fleet of 59 vessels transports materials, supplies, and personnel; tows drilling structures and provides other support during construction; handles anchors, and offers standby rescue. GulfMark Offshore operates in the North Sea, the Mediterranean, off Southeast Asia, Brazil, India, Mexico, and Africa. The Houston-based company was founded in 1996.

800 Employees
Last Reported Date: 02/17/15
Founded in 1996

gulfmark offshore inc-cl a (GLF) Top Compensated Officers

Chief Executive Officer, President, Treasurer...
Total Annual Compensation: $600.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $338.0K
Chief Operating Officer and Senior Executive ...
Total Annual Compensation: $400.0K
Chief Accounting Officer, Senior Vice Preside...
Total Annual Compensation: $235.0K
Executive Officer
Total Annual Compensation: $270.3K
Compensation as of Fiscal Year 2014.

gulfmark offshore inc-cl a (GLF) Key Developments

Gulfmark Offshore, Inc. Announces Management Changes

Gulfmark Offshore, Inc. announced that on August 12, 2015, Mr. Richard M. Safier, Senior Vice President, General Counsel and Secretary of the company notified the company of his intent to leave the company, effective August 31, 2015, to pursue other opportunities. On August 12, 2015, Mr. William C. Long, age 49, joined the company as Senior Vice President, General Counsel and Secretary of the company. Mr. Long joins the company with 20 years of business and legal experience, including more than 17 years with Diamond Offshore Drilling, Inc. Prior to joining the company, from June 2014 through August 2015, Mr. Long pursued personal interests. From March 1997 through June 2014 Mr. Long was employed by Diamond Offshore and served as Senior Vice President, General Counsel and Secretary since 2006.

Gulfmark Offshore, Inc. Appoints Van Dewitt to Senior Vice President of Sales & Business Development

Gulfmark Offshore, Inc. announced the appointment of Van DeWitt to Senior Vice President of Sales & Business Development. GulfMark appointed Van DeWitt to the newly created position of Senior Vice President of Sales & Business Development. Mr. DeWitt brings over 35 years of hands-on offshore marine transportation service industry experience to GulfMark, including past Senior Executive roles at several privately and publicly held marine transportation services companies. His expertise includes strategic planning, new business development, sales, contracts, operations and a wide variety of specialized time charter businesses. He has extensive executive experience in global operations and at oil service firms of all sizes.

Gulfmark Offshore, Inc. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Revenue Guidance for the Third Quarter of 2015; Provides Capital Expenditure Guidance for the Remainder of 2015 and for the Year 2016

GulfMark Offshore, Inc. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue of $74,461,000 compared with $131,365,000 for the same period last year. Operating loss was $4,207,000 compared with operating income $22,890,000 for the same period last year. Loss before income taxes was $12,357,000 compared with income before income taxes $16,061,000 for the same period last year. Net loss was $8,245,000 or $0.33 diluted per share compared with net income of $14,199,000 or $0.54 diluted per share for the same period last year. Net cash provided by operating activities was $14,782,000 compared with $31,832,000 for the same period last year. Purchases of vessels, equipment and other fixed assets were $9,686,000 compared with $25,514,000 for the same period last year. Operating loss before special items was $2.7 million, net loss before special items was $6.8 million and $0.27 diluted per share before special items. Consolidated operating income sequentially declined to a loss of $2.7 million from a loss of $0.2 million in the first quarter, due to lower revenue offset by lower operating and general and administrative costs. For the six months, the company reported revenue of $163,553,000 compared with $250,965,000 for the same period last year. Operating income was $4,765,000 compared with operating income $46,134,000 for the same period last year. Loss before income taxes was $21,702,000 compared with income before income taxes $33,516,000 for the same period last year. Net loss was $13,371,000 or $0.54 diluted per share compared with net income of $30,756,000 or $1.17 diluted per share for the same period last year. Net cash provided by operating activities was $17,340,000 compared with $49,481,000 for the same period last year. Purchases of vessels, equipment and other fixed assets were $21,304,000 compared with $121,631,000 for the same period last year. The company expects revenue in the third quarter to be between $65 and $70 million. The company expects total CapEx for the remainder of 2015 to be approximately $21 million. It has approximately $49 million of planned CapEx for 2016.

 

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GLF Competitors

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Company Last Change
Farstad Shipping ASA 17.70 NOK -0.60
Frontline Ltd/Bermuda 22.16 NOK +0.98
Gener8 Maritime Inc $12.60 USD +0.36
Mermaid Maritime PCL $0.17 SGD +0.011
Solstad Offshore ASA 25.00 NOK 0.00
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Industry Analysis

GLF

Industry Average

Valuation GLF Industry Range
Price/Earnings 9.6x
Price/Sales 0.4x
Price/Book 0.2x
Price/Cash Flow 1.9x
TEV/Sales NM Not Meaningful
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