GulfMark Offshore Inc. (NYSE:GLF)’s share price traded down 4.8% during trading on Monday . The stock traded as low as $2.72 and last traded at $2.76, with a volume of 195,336 shares traded. The stock had previously closed at $2.90.

Several equities analysts have commented on the stock. Zacks Investment Research downgraded shares of GulfMark Offshore from a “hold” rating to a “sell” rating in a research report on Friday. Morgan Stanley lowered their target price on shares of GulfMark Offshore from $5.50 to $4.00 and set an “underweight” rating on the stock in a research report on Thursday.

The stock’s 50 day moving average price is $3.37 and its 200-day moving average price is $4.35. The stock’s market capitalization is $71.65 million.

GulfMark Offshore (NYSE:GLF) last announced its quarterly earnings results on Tuesday, July 26th. The company reported ($0.57) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.57). During the same period in the prior year, the business earned $0.27 earnings per share. The firm had revenue of $30.50 million for the quarter, compared to the consensus estimate of $31.91 million. The company’s revenue for the quarter was down 59.1% compared to the same quarter last year. On average, equities analysts predict that GulfMark Offshore Inc. will post ($2.45) EPS for the current fiscal 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 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 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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