GulfMark Offshore Inc. (GLF) Trading 4.7% Higher
GulfMark Offshore Inc. (NYSE:GLF)’s share price traded up 4.7% during trading on Thursday . The stock traded as high as $3.69 and last traded at $3.33, with a volume of 532,394 shares traded. The stock had previously closed at $3.18.
Several equities analysts recently commented on the stock. Morgan Stanley reaffirmed a “sell” rating on shares of GulfMark Offshore in a research report on Tuesday, April 26th. Zacks Investment Research lowered shares of GulfMark Offshore from a “hold” rating to a “sell” rating in a research report on Tuesday.
The firm’s market capitalization is $85.36 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 announced its earnings results on Monday, April 25th. The company reported ($0.50) EPS for the quarter, missing the consensus estimate of ($0.48) by $0.02. Analysts predict that GulfMark Offshore Inc. will post ($2.24) EPS for the current year.
An institutional investor recently raised its position in GulfMark Offshore stock. First Trust Advisors LP boosted its stake in GulfMark Offshore Inc. (NYSE:GLF) by 49.8% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 409,819 shares of the company’s stock after buying an additional 136,251 shares during the period. First Trust Advisors LP owned 1.59% of GulfMark Offshore worth $1,914,000 at the end of the most recent reporting period.
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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