Global Hunter Securities Upgrading Gulfmark Offshore

Global Hunter Securities is out with a research report on Gulfmark Offshore, Inc. (NYSE: GLF) and is upgrading shares to Accumulate with a $48 price target, up from $46.

In a note to clients, Global Hunter Securities writes, "We are revising our outlook for oilfield services demand and expectations for stock performance through year-end. We are upgrading Gulfmark (GLF), Hornbeck (HOS), Noble (NE), Oceaneering (OII) and Rowan (RDC), while downgrading Basic (BAS), Complete (CPX), Key (KEG), Nabors (NBR), National Oilwell Varco (NOV), Newpark (NR), OYO Geospace (OYOG), Patterson-UTI (PTEN), RPC (RES), Union (UDRL) and Xtreme (XDC.T)."

Shares of GLF closed at $38.42 yesterday.