GulfMark Offshore Inc. (NYSE:GLF) shares dropped 6.5% on Monday . The stock traded as low as $3.27 and last traded at $3.33, with a volume of 671,062 shares traded. The stock had previously closed at $3.56.

GLF has been the topic of several analyst reports. Morgan Stanley restated a “sell” rating on shares of GulfMark Offshore in a report on Tuesday, April 26th. Zacks Investment Research cut shares of GulfMark Offshore from a “hold” rating to a “sell” rating in a research note on Tuesday, July 5th.

The company’s market cap is $83.04 million. The firm’s 50-day moving average price is $3.53 and its 200-day moving average price is $4.34.

GulfMark Offshore (NYSE:GLF) last issued its quarterly earnings data on Monday, April 25th. The company reported ($0.50) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.48) by $0.02. On average, equities analysts anticipate that GulfMark Offshore Inc. will post ($2.24) EPS for the current year.

A hedge fund recently raised its stake in GulfMark Offshore stock. First Trust Advisors LP raised its position in GulfMark Offshore Inc. (NYSE:GLF) by 49.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 as of its most recent filing with the SEC.

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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