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Stock Market & Financial Investment News

News Breaks
February 25, 2013
08:38 EDTTDW, GLF, HOSTidewater and Gulfmark downgraded at ISI Group
ISI Group said the OSV demand growth remains inline with supply growth worldwide and that utilization will be range bound. The firm does not expect meaningful dayrate growth until 2014 and favors company's with exposure to stronger Gulf of Mexico markets. As a result, the firm downgraded Tidewater (TDW) to Cautious from Neutral and GulfMark Offshore (GLF) to Buy from Strong, and reiterates Hornbeck Offshore (HOS) as a Strong Buy and top pick.
News For TDW;GLF;HOS From The Last 14 Days
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July 21, 2014
18:07 EDTGLFGulfMark Offshore lowers FY14 revenue guidance to $510M-$525M from $525M-$555M
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18:07 EDTGLFGulfMark Offshore sees Q3 revenue $130M-$135M, consensus $144.15M
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18:03 EDTGLFGulfMark Offshore reports Q2 EPS ex-items 91c, consensus 96c
Reports Q2 revenue $131.4M, consensus $132.9M. Quintin Kneen, president and CEO, commented, "Strong performance in the U.S. Gulf of Mexico and our increasing vessel count drove us to our highest-ever total quarterly revenue, and are keeping us on pace for our first full year revenue in excess of $500M. Still, activity levels in the North Sea and Southeast Asia this quarter were lower than we anticipated, and we had a couple of special items that impacted our overall results.
July 8, 2014
10:28 EDTHOSOn The Fly: Analyst Downgrade Summary
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08:23 EDTHOSHornbeck Offshore downgraded to Equal Weight from Overweight at Stephens
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