GulfMark Offshore Inc. (NYSE:GLF) shot up 7.7% on Friday . The stock traded as high as $2.27 and last traded at $2.24, with a volume of 109,957 shares. The stock had previously closed at $2.08.

GLF has been the subject of several research reports. Zacks Investment Research lowered shares of GulfMark Offshore from a “hold” rating to a “sell” rating in a report on Friday, July 29th. Morgan Stanley decreased their price target on shares of GulfMark Offshore from $5.50 to $4.00 and set an “underweight” rating for the company in a report on Thursday, July 28th.

The stock’s market capitalization is $61.19 million. The stock’s 50-day moving average price is $2.83 and its 200-day moving average price is $4.22.

GulfMark Offshore (NYSE:GLF) last released its earnings results on Tuesday, July 26th. The company reported ($0.57) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.57). The company had revenue of $30.50 million for the quarter, compared to analyst estimates of $31.91 million. GulfMark Offshore’s revenue for the quarter was down 59.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.27 earnings per share. On average, equities research analysts predict that GulfMark Offshore Inc. will post ($2.48) earnings per share for the current fiscal year.

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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