GulfMark Offshore Inc. (NYSE:GLF) was down 4.1% during trading on Tuesday . The stock traded as low as $2.76 and last traded at $2.84, with a volume of 246,520 shares traded. The stock had previously closed at $2.96.

Several equities research analysts have commented on GLF shares. Zacks Investment Research upgraded GulfMark Offshore from a “sell” rating to a “hold” rating in a research note on Monday, July 11th. Morgan Stanley restated a “sell” rating on shares of GulfMark Offshore in a research note on Tuesday, April 26th.

The company’s market capitalization is $77.29 million. The firm has a 50 day moving average of $3.24 and a 200 day moving average of $4.34.

GulfMark Offshore (NYSE:GLF) last released its quarterly earnings data on Tuesday, July 26th. The company reported ($0.57) earnings per share for the quarter, hitting the consensus estimate of ($0.57). The company had revenue of $30.50 million for the quarter, compared to the consensus estimate of $31.91 million. The business’s revenue was down 59.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.27 earnings per share. On average, analysts expect that GulfMark Offshore Inc. will post ($2.48) EPS for the current fiscal year.

An institutional investor recently raised its position in GulfMark Offshore stock. Morgan Stanley increased its stake 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 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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