NEW YORK (

TheStreet

) --

GulfMark Offshore

(NYSE:

GLF

) hit a new 52-week high Friday as it is currently trading at $55.23, above its previous 52-week high of $54.55 with 260,652 shares traded as of 1:49 p.m. ET. Average volume has been 147,100 shares over the past 30 days.

GulfMark has a market cap of $1.25 billion and is part of the

basic materials

sector and

energy

industry. Shares are up 29.7% year to date as of the close of trading on Thursday.

GulfMark Offshore, Inc. provides offshore marine services primarily to companies involved in the offshore exploration and production of oil and natural gas. The company has a P/E ratio of 31.3, above the average energy industry P/E ratio of 29.3 and above the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates GulfMark as a

buy

. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, good cash flow from operations, expanding profit margins and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full

GulfMark Ratings Report

.

See all

52-week high stocks

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