GulfMark Offshore Inc. (GLF) Stock Price Down 7.4%
GulfMark Offshore Inc. (NYSE:GLF) shares dropped 7.4% on Wednesday . The stock traded as low as $3.46 and last traded at $3.48, with a volume of 270,667 shares traded. The stock had previously closed at $3.76.
GLF has been the topic of several research analyst reports. Morgan Stanley restated a “sell” rating on shares of GulfMark Offshore in a research note on Tuesday, April 26th. Zacks Investment Research upgraded GulfMark Offshore from a “sell” rating to a “hold” rating in a research note on Monday.
The stock’s market cap is $88.98 million. The firm’s 50 day moving average is $3.51 and its 200-day moving average is $4.40.
GulfMark Offshore (NYSE:GLF) last released its quarterly 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 forecast 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, according to its most recent 13F filing with the SEC. The institutional investor 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 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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