GulfMark Offshore Inc. (GLF) Trading Up 2.3%
Shares of GulfMark Offshore Inc. (NYSE:GLF) were 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. The stock had previously closed at $3.44.
A number of analysts have recently commented on GLF shares. Zacks Investment Research downgraded GulfMark Offshore from a “hold” rating to a “sell” rating in a research note on Tuesday, July 5th. Morgan Stanley reaffirmed a “sell” rating on shares of GulfMark Offshore in a report on Tuesday, April 26th.
The firm has a 50-day moving average price of $3.51 and a 200-day moving average price of $4.39. The firm’s market capitalization is $88.20 million.
GulfMark Offshore (NYSE:GLF) last posted its earnings results on Monday, April 25th. The company reported ($0.50) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.48) by $0.02. Equities analysts forecast 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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