The offshore marine services company is scheduled to report its fourth-quarter results on Feb. 22. Analysts, on average, anticipate earnings of 80 cents a share on $103.71 million.
"GLF extended its term loan facility out to July 2014 (from Dec 2012). GLF has drawn down $140 million of the total $200 million facility," Credit Suisse analysts wrote in a Jan. 31 report. "While the extension helps solidify GLF's capital structure -- the real benefit is savings of roughly $33 million in annual amortization that we expect GLF to use to fund further growth."Shares of GulfMark hit a 52-week high of $50.24 on Monday. The stock's 52-week low of $32.34 was set on Aug. 9. GulfMark has a forward price-to-earnings ratio of 13.87X. This is about half of the average for the oil equipment and services companies of 28.39X. Superior Energy (SPN) and RPC (RES) had lower forward P/Es than GulfMark at 9.87X and 7.58X respectively. Of the 10 analysts who cover the company, eight rated it a buy. One rated the company a hold and another analyst considered it a sell. TheStreet Ratings gives GulfMark a B grade and has a $63.85 price target on the shares. The stock has risen 19.14% year to date.