GulfMark Offshore Inc. (NYSE:GLF) shares traded up 3.8% during mid-day trading on Thursday . The stock traded as high as $2.75 and last traded at $2.72, with a volume of 124,467 shares. The stock had previously closed at $2.62.

Several research analysts recently issued reports on the company. Zacks Investment Research cut GulfMark Offshore from a “hold” rating to a “sell” rating in a research note on Friday, July 29th. Morgan Stanley dropped their price objective on GulfMark Offshore from $5.50 to $4.00 and set an “underweight” rating on the stock in a research note on Thursday, July 28th.

The stock’s 50 day moving average is $3.10 and its 200 day moving average is $4.30. The company’s market cap is $74.60 million.

GulfMark Offshore (NYSE:GLF) last issued its earnings results on Tuesday, July 26th. The company reported ($0.57) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.57). During the same quarter in the prior year, the firm earned $0.27 earnings per share. The company had revenue of $30.50 million for the quarter, compared to analyst estimates of $31.91 million. The company’s revenue for the quarter was down 59.1% on a year-over-year basis. Equities analysts forecast that GulfMark Offshore Inc. will post ($2.48) earnings per share for the current fiscal year.

A hedge fund recently raised its stake 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 13F 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 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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