GulfMark Offshore Inc. (GLF) Sees Strong Trading Volume
GulfMark Offshore Inc. (NYSE:GLF) shares saw an uptick in trading volume on Tuesday . 922,417 shares were traded during trading, a decline of 9% from the previous session’s volume of 1,017,222 shares.The stock last traded at $3.15 and had previously closed at $3.72.
Several research firms have weighed in on GLF. Zacks Investment Research downgraded shares of GulfMark Offshore from a “hold” rating to a “sell” rating in a report on Tuesday. Morgan Stanley restated a “sell” rating on shares of GulfMark Offshore in a report on Tuesday, April 26th.
The stock’s market capitalization is $87.04 million. The stock has a 50 day moving average of $3.62 and a 200-day moving average of $4.47.
GulfMark Offshore (NYSE:GLF) last issued its earnings results on Monday, April 25th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.48) by $0.02. Equities research analysts expect that GulfMark Offshore Inc. will post ($2.24) earnings per share for the current year.
An institutional investor recently raised its position in GulfMark Offshore stock. Morgan Stanley increased its stake in shares of 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 at the end of the most recent quarter.
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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