GulfMark Offshore Inc. NEW (fka GLFMQ) (GLF)

[spec machine]

TTM earnings increase of 37% to $6.30

At the close of Q2 GLF was trading at $58.18 with a EPS TTM of $5.57 for a P/E of 10.45

Closing price today of $52.75 and the current EPS TTM of $6.30 gives a P/E of 8.37

Monthly average P/E over the past 3 yrs has ranged from 9.1 to 37.2 which, if applied to current EPS would yield a PPS range of $57.33 to $234.36 Oil service industry average P/E is reported at 17.9

Just crunching some numbers here but with the sustained growth rate in revenue and earnings, it is probable that a move higher is in the cards, IMO.