GulfMark Offshore Inc. (GLF) Shares Down 2.8%
GulfMark Offshore Inc. (NYSE:GLF) shares dropped 2.8% during trading on Wednesday . The stock traded as low as $3.05 and last traded at $3.10, with a volume of 412,642 shares traded. The stock had previously closed at $3.19.
GLF has been the topic of several recent research reports. Morgan Stanley reaffirmed a “sell” rating on shares of GulfMark Offshore in a report on Tuesday, April 26th. Clarkson Capital lowered GulfMark Offshore from a “neutral” rating to a “sell” rating in a research report on Tuesday, March 8th. Finally, Zacks Investment Research lowered GulfMark Offshore from a “hold” rating to a “sell” rating in a research report on Tuesday.
The firm’s market capitalization is $82.01 million. The firm has a 50-day moving average of $3.62 and a 200-day moving average of $4.47.
GulfMark Offshore (NYSE:GLF) last posted its earnings results on Monday, April 25th. The company reported ($0.50) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.48) by $0.02. On average, equities research analysts predict that GulfMark Offshore Inc. will post ($2.24) earnings per share for the current year.
A hedge fund recently raised its stake in GulfMark Offshore stock. Morgan Stanley increased its stake in GulfMark Offshore Inc. (NYSE:GLF) by 960.3% during the fourth quarter, Holdings Channel reports. The firm owned 245,699 shares of the company’s stock after buying an additional 222,527 shares during the period. Morgan Stanley owned 0.95% of GulfMark Offshore worth $1,147,000 as of its most recent SEC filing.
GulfMark Offshore, Inc provides offshore marine support and transportation services. The Company offers these services to companies engaged in the offshore exploration and production of oil and natural gas. The Company operates in three segments: the North Sea (N. Sea), Southeast Asia (SEA) and the Americas.
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