GulfMark Offshore upgraded to Buy from Neutral at Global Hunter Global Hunter upgraded GulfMark to Buy from Neutral based on vessel market momentum and resulting earnings growth expected in 2015. Price target raised to $49 from $44.
GulfMark Offshore reports Q2 adjusted EPS (27c), consensus (47c) Reports Q2 revenue $74.46M, consensus $74.53M. "Our expense reduction initiatives continue to yield better than anticipated savings. We now believe that we will be able to capture about $60M of annual direct operating expense savings, an additional $25M in savings over our previous goal of about $35M," said the company.