GulfMark Offshore Inc. (GLF) Trading 2.3% Higher
GulfMark Offshore Inc. (NYSE:GLF) shares traded up 2.3% during trading on Friday . The company traded as high as $3.56 and last traded at $3.52, with a volume of 213,599 shares changing hands. The stock had previously closed at $3.44.
A number of research analysts recently commented on the stock. Morgan Stanley reissued a “sell” rating on shares of GulfMark Offshore in a research report on Tuesday, April 26th. Zacks Investment Research raised shares of GulfMark Offshore from a “sell” rating to a “hold” rating in a research report on Monday.
The firm’s market cap is $88.98 million. The stock has a 50-day moving average of $3.51 and a 200 day moving average of $4.40.
GulfMark Offshore (NYSE:GLF) last posted its earnings results on Monday, April 25th. The company reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of ($0.48) by $0.02. On average, analysts anticipate that GulfMark Offshore Inc. will post ($2.24) earnings per share for the current fiscal year.
An institutional investor recently raised its position in GulfMark Offshore stock. Morgan Stanley boosted its position in 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 about 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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