Gulf Marine Services PLC

Equities

GMS

GB00BJVWTM27

Oil & Gas Transportation Services

Market Closed - London S.E. Other stock markets 09:05:03 21/06/2024 pm IST			5-day change	1st Jan Change
19.2 ^GBX	+2.40%		+3.23%	+32.41%

10/06	Europe heads lower amid political turmoil in EU	AN
10/06	Gulf Marine up on four year contract	AN

Gulf Marine Services signs 2nd phase of Middle East contract

June 10, 2024 at 01:42 pm IST

Gulf Marine Services PLC - Abu Dhabi-based provider of self-propelled and self-elevating support vessels for offshore oil, gas and renewable energy projects - Signs second phase of four-year contract announced in March. The contract with an unnamed customer is for one of GMS's vessels operating in the Middle East. Says order backlog now totals USD431.2 million.

Current stock price: 18.75 pence, up 3.0% in London early Monday

12-month change: up from 5.30p

By Tom Waite, Alliance News editor

Comments and questions to newsroom@alliancenews.com

Latest news about Gulf Marine Services PLC

Europe heads lower amid political turmoil in EU	10/06	AN
Gulf Marine up on four year contract	10/06	AN
Gulf Marine Services signs 2nd phase of Middle East contract	10/06	AN
Gulf Marine Services plc Confirms the Second Phase of the Four-Year Contract	10/06	CI
EARNINGS AND TRADING: itim loss narrows; Vela trims EnSilica stake	13/05	AN
Vanquis shares up ahead of trading update	13/05	AN
CMC rises again; Gulf Marine returns gains	08/04	AN
Topps Tiles falls again; Gulf Marine rises	05/04	AN
US initial jobless claims hotter than expected	04/04	AN
Gulf Marine shares rise as posts annual growth and sets out guidance	04/04	AN
CAB rises on Europe win; Gulf Marine jumps	04/04	AN
Gulf Marine Services PLC Reports Earnings Results for the Full Year Ended December 31, 2023	04/04	CI
Gulf Marine Services inks contract for vessel in Middle East	11/03	AN
Vanquis shares hit by profit warning	11/03	AN
Gulf Marine Services plc Announces the Signing of the First of A Two Phase, Four-Year Contract for One of Its Vessels Operating in the Middle East	11/03	CI
Gulf Marine Services Extends, Secures New Contracts in Middle East	28/02	MT
Gulf Marine Services wins contract and award for Middle East vessels	28/02	AN
Halfords plummets on profit warning	28/02	AN
Gulf Marine Services plc Announces the Signing of A Contract Extension for One of Its Vessels Currently Operated in the Middle East	28/02	CI
Gulf Marine Services raises 2023 earnings guidance to 20% increase	17/01	AN
888 revenue drops; Gulf Marine ups outlook	17/01	AN
Card Factory falls despite Christmas boost	16/01	AN
Gulf Marine Services inks contracts for small class vessels	08/01	AN
Gulf Marine Services Signs New Contract	08/01	MT
Gulf Marine Services PLC Announces New Contracts	08/01	CI

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Company Profile

Gulf Marine Services PLC is a United Kingdom-based operator of self-propelled and self-elevating support vessels (SESVs). The Company and its subsidiaries are investing in, establishing and managing commercial and industrial projects, as well as chartering and operating a fleet of vessels. The Company constructs and maintains its vessels in Abu Dhabi. The vessels are capable of operations in the Middle East, South East Asia, West Africa and Europe. It operates through three segments: Small Class vessels, which include the Naashi, Kamikaze, Kikuyu, Kawawa, Kudeta, Keloa, Kinoa and Pepper vessels; Mid-Size Class vessels, which include the Shamal and Scirocco vessels; Large Class vessels, which include the Endeavour, Endurance and Enterprise vessels, and Other vessels, which include over two legacy non-SESV vessels and an accommodation barge (Khawla), which do not form part of the Small, Mid-Size or Large Class vessels segments.

Sector

Oil & Gas Transportation Services

Calendar

30/09/2024 - Q2 2024 Earnings Release (Projected)

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Ratings for Gulf Marine Services PLC

Trading Rating

Investor Rating

ESG Refinitiv

C+

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Analysts' Consensus

Sell

Buy

Mean consensus

BUY

Number of Analysts

Last Close Price

0.2377 USD

Average target price

0.328 USD

Spread / Average Target

+38.01%

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Sector Other Oil & Gas Transportation Services

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