Shares of GulfMark Offshore Inc. (NYSE:GLF) rose 2.2% during mid-day trading on Tuesday . The stock traded as high as $2.78 and last traded at $2.73, with a volume of 123,860 shares traded. The stock had previously closed at $2.67.

GLF has been the subject of several recent research reports. Zacks Investment Research lowered GulfMark Offshore from a “hold” rating to a “sell” rating in a report on Friday, July 29th. Morgan Stanley reiterated a “sell” rating on shares of GulfMark Offshore in a report on Tuesday, April 26th.

The firm’s 50-day moving average is $3.31 and its 200-day moving average is $4.34. The company’s market cap is $75.14 million.

GulfMark Offshore (NYSE:GLF) last released its earnings results on Tuesday, July 26th. The company reported ($0.57) EPS for the quarter, hitting analysts’ consensus estimates of ($0.57). The business had revenue of $30.50 million for the quarter, compared to analyst estimates of $31.91 million. During the same period in the prior year, the firm posted $0.27 EPS. GulfMark Offshore’s revenue was down 59.1% on a year-over-year basis. Equities research analysts anticipate that GulfMark Offshore Inc. will post ($2.48) EPS for the current year.

A hedge fund recently raised its stake in GulfMark Offshore stock. Morgan Stanley raised its position in GulfMark Offshore Inc. (NYSE:GLF) by 960.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund 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 quarter.

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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