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down 77.69 %

GULFMARK OFFSHORE INC (GLF) upgraded to Outperform by Wells Fargo

Posted on: Thursday,  Dec 13, 2012  8:25 AM ET by Wells Fargo

Wells Fargo rated Outperform GULFMARK OFFSHORE INC (NYSE: GLF) on 12/13/2012, when the stock price was $33.62. Since
then, GULFMARK OFFSHORE INC has lost 77.69% as of 01/26/2016's recent price of $7.50.
If you would have followed this Wells Fargo's recommendation on GLF, you would have lost 77.69% of your investment in 1139 days.

GulfMark Offshore, Inc. provides offshore marine services primarily to companies involved in offshore exploration and production of oil and natural gas. The Company's vessels transport materials, supplies and personnel to offshore facilities, as well as move and position drilling structures. The Company and its subsidiaries operate through three segments: the North Sea, Southeast Asia and the Americas. Offshore support vessels generally fall into seven functional classifications derived from their primary or predominant operating characteristics or capabilities: anchor handling, towing and supply vessels (AHTs), platform supply vessels (PSVs), Fast Supply or Crew Vessels (FSVs/Crewboat), specialty vessels (SpVs), standby rescue vessels (Stby), construction support vessels and utility vehicles. On July 1, 2008, the Company acquired Rigdon Marine Holdings, L.L.C. (Rigdon Holdings).

The investment research content is provided by Wells Capital Management, a registered investment adviser and wholly owned subsidiary of Wells Fargo Bank, N.A. Our economists’ expertise on domestic markets, and national and global trends, is an important resource to the firm. Wells Capital Management economists are known for their thoughts on investment strategy, macro-economic forecasts and other top-down analysis, and share their views on bonds, midcaps and liquidity management in their publications.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/13/2012 8:25 AM Buy
as of 12/31/2012
1 Week up  2.59 %
1 Month up  2.46 %
3 Months up  2.46 %
1 YTD up  2.46 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/19/2012 8:25 AM Hold

(*) Stock Price at the time of the recommendation.
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