GulfMark Offshore Inc. (NYSE:GLF) traded up 5.2% during mid-day trading on Monday . The company traded as high as $3.04 and last traded at $3.02, with a volume of 362,470 shares trading hands. The stock had previously closed at $2.87.

A number of equities research analysts have issued reports on the company. Zacks Investment Research downgraded GulfMark Offshore from a “hold” rating to a “sell” rating in a research report on Friday, July 29th. Morgan Stanley decreased their price objective on GulfMark Offshore from $5.50 to $4.00 and set an “underweight” rating on the stock in a research report on Thursday, July 28th.

The firm has a 50 day moving average of $3.21 and a 200 day moving average of $4.34. The firm’s market cap is $74.87 million.

GulfMark Offshore (NYSE:GLF) last announced its quarterly earnings data on Tuesday, July 26th. The company reported ($0.57) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.57). The firm earned $30.50 million during the quarter, compared to the consensus estimate of $31.91 million. During the same period last year, the company earned $0.27 EPS. The firm’s revenue for the quarter was down 59.1% compared to the same quarter last year. Analysts anticipate that GulfMark Offshore Inc. will post ($2.48) EPS for the current year.

An institutional investor recently raised its position in GulfMark Offshore stock. Morgan Stanley boosted its stake in 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 approximately 0.95% of GulfMark Offshore worth $1,147,000 as of its most recent SEC filing.

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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