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Gulf Marine Services ( (GB:GMS) ) has shared an update.
Gulf Marine Services has secured a new European contract for two of its Large-class self-elevating support vessels, covering a total of 985 vessel days to support offshore operations in the region. The award lifts the group’s contracted backlog to USD 540 million, underlining robust demand for its specialised fleet across multiple geographies and reinforcing its position in both traditional offshore energy and the growing offshore wind services market, with positive implications for medium-term revenue visibility and asset utilisation.
The most recent analyst rating on (GB:GMS) stock is a Buy with a £18.00 price target. To see the full list of analyst forecasts on Gulf Marine Services stock, see the GB:GMS Stock Forecast page.
Spark’s Take on GB:GMS Stock
According to Spark, TipRanks’ AI Analyst, GB:GMS is a Outperform.
Gulf Marine Services scores well due to strong financial performance and positive corporate events. The company’s undervaluation presents potential upside. Technical indicators suggest caution, but the overall outlook remains positive, driven by robust cash flow and strategic corporate actions.
To see Spark’s full report on GB:GMS stock, click here.
More about Gulf Marine Services
Gulf Marine Services, listed on the London Stock Exchange and founded in Abu Dhabi in 1977, is a world-leading provider of advanced self-propelled, self-elevating support vessels (SESVs) for the offshore energy sector. Operating a relatively young fleet of 13 vessels from bases in the UAE, Saudi Arabia and Qatar, the company serves clients across the Middle East, South East Asia, West Africa, North America, the Gulf of Mexico and Europe, supporting offshore platform maintenance, well intervention, and offshore wind installation and servicing.
Average Trading Volume: 1,418,455
Technical Sentiment Signal: Hold
Current Market Cap: £182M
For detailed information about GMS stock, go to TipRanks’ Stock Analysis page.