GulfMark Offshore, Inc. (NYSE:GLF)

CAPS Rating: 3 out of 5

The Company and its subsidiaries, provides offshore marine services primarily to companies involved in offshore exploration and production of oil and natural gas.

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Member Avatar OklaBoston (59.04) Submitted: 7/27/2015 10:49:39 AM : Outperform Start Price: $9.43 GLF Score: -5.80

Insider open market buying in the last few months outweighs the lousy technicals for me. Insiders are rarely chartists. They wouldn't touch this if they were.

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Member Avatar Mrgarthy (< 20) Submitted: 5/20/2015 11:46:47 PM : Outperform Start Price: $14.44 GLF Score: -36.27

Cyclical industry, currently at a low, conservative with cash

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Member Avatar tad40 (99.40) Submitted: 4/23/2015 3:28:03 PM : Outperform Start Price: $13.60 GLF Score: -32.96

Valuation

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Member Avatar CRad198 (50.25) Submitted: 4/11/2015 12:30:47 PM : Outperform Start Price: $15.44 GLF Score: -41.64

Price/book roughly 0.4; very low P/E. While it might not look as cheap in the event of bankruptcy since most of its assets are illiquid and since it took an impairment charge on some of this equipment in FY14, bankruptcy in the near future is unlikely since its long-term debt – which makes up 73% of its liabilities – doesn’t start maturing until 2019. By that time, oil and dayrates will likely recover. Until then, it has an adequate current (& quick) ratio of 2.5. In short, worth the risk.

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Member Avatar austinhippie (77.78) Submitted: 4/9/2015 10:34:27 AM : Outperform Start Price: $15.26 GLF Score: -41.93

oil industry will recover

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Member Avatar LovinMe (33.54) Submitted: 11/6/2014 11:13:49 PM : Outperform Start Price: $29.44 GLF Score: -72.66

Contrarian + Speculative Play

Expecting oil prices up in 6-12 months.

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Member Avatar jontynought (< 20) Submitted: 8/19/2013 6:21:47 PM : Outperform Start Price: $46.42 GLF Score: -107.69

Oil shortage

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Member Avatar DrLinks (< 20) Submitted: 7/29/2013 6:38:31 AM : Outperform Start Price: $46.68 GLF Score: -105.06

Killed EPS on Top and Bottom Lines

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Member Avatar 999ORP999 (< 20) Submitted: 9/17/2012 2:14:26 PM : Outperform Start Price: $32.81 GLF Score: -115.58

Could profit from expansion in off-shore-exploration; however I have no great hopes for the short-term. Might be a seller to re-buy later

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Member Avatar LeoB50 (< 20) Submitted: 2/26/2012 10:47:47 AM : Outperform Start Price: $50.20 GLF Score: -136.26

Outperform!!

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Member Avatar 2Frugal4U (38.81) Submitted: 2/13/2012 8:41:25 AM : Outperform Start Price: $45.66 GLF Score: -135.28

Gulfmark shares are up from $32 to about $50 since it bottomed in July. The 2 yr performance has been steadily over the S & P yield with consistent positive trending. Management recently commissioned construction of 6 new vessels, indicating their confidence in future growth.

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Member Avatar 1sweet1 (< 20) Submitted: 1/19/2012 10:38:23 AM : Outperform Start Price: $40.20 GLF Score: -129.39

Youngest fleet. Prices will be up this winter, and China needs more gas each day.

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Member Avatar Jim5769 (79.47) Submitted: 6/20/2011 8:53:39 PM : Outperform Start Price: $36.81 GLF Score: -138.94

Motley Fool recommendation---testing it.

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Member Avatar TMFRisingStars (44.33) Submitted: 1/5/2011 9:33:12 AM : Outperform Start Price: $27.81 GLF Score: -133.29

Here's the buy rec:

http://www.fool.com/investing/general/2011/01/04/rising-star-buy-gulfmark-offshore.aspx

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Member Avatar TMFJMo (75.67) Submitted: 12/27/2010 4:19:59 PM : Outperform Start Price: $28.04 GLF Score: -134.49

This is the time to get in...oil and natty gas supplies are high and people are sour on drilling in the Gulf at all. That will fade eventually and oil and natural gas will pop. GLF helps make it all happen and is trading well below historical tangible book levels. Solid management makes this one you can hang on to for a while.

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Member Avatar FAOFool (77.86) Submitted: 8/15/2010 2:06:01 AM : Outperform Start Price: $24.21 GLF Score: -157.79

Over-reaction results in big gains, as the need for oil will not dwindle any time soon given China and India, etc. Now is a good time to get in...

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Member Avatar FleaBagger (28.01) Submitted: 6/14/2010 1:42:21 PM : Outperform Start Price: $24.18 GLF Score: -152.39

I want some exposure to oil services companies other than Transocean.

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Member Avatar APPLERD (< 20) Submitted: 4/7/2010 2:34:53 PM : Outperform Start Price: $25.17 GLF Score: -141.18

P/B under 1 , ROE HX and 5 year chart, Low Debt/ Equity. Administration opening up offshore development.

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Member Avatar GreatStocks3728 (< 20) Submitted: 2/3/2010 6:38:53 AM : Outperform Start Price: $23.36 GLF Score: -152.34

Good growth and earnings.

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Member Avatar Lokh (21.13) Submitted: 2/3/2010 12:19:35 AM : Outperform Start Price: $23.36 GLF Score: -152.34

Bad news:
" For the nine months ended September 30, 2009, we had net income of $61.8 million, or $2.44 per diluted share, on revenues of $304.2 million. During the same period in 2008, net income was $124.5 million, or $5.19 per diluted share, on revenues of $289.9 million... Operating income decreased by $73.3 million, from $133.6 million in 2008 to $60.3 million this year. The decrease is due largely to the $46.2 million impairment charge resulting from a shipyard defaulting on the construction of three vessels. Also contributing to the decrease was an increase in operating cost related to the increase in vessel count and a smaller gain on sale of assets of $13.3 million... In late February 2009, one of our vessels in Southeast Asia, the Sea Searcher, was damaged in a ship fire. The company’s insurance underwriters deemed the vessel a constructive total loss and a gain on the involuntary conversion of approximately $1.4 million was recognized in the first quarter related to this event. In March 2009, we notified a shipyard building three of the vessels in our new build program that they were in default under the construction contract. Construction on these vessels has stopped and in April 2009, we concluded that we had a material impairment and recognized a charge of $46.2 million in the first quarter of 2009. " Good: I like the company's performance for the last 10 years.

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