GulfMark Offshore Inc. (GLF) Shares Up 4.7%
GulfMark Offshore Inc. (NYSE:GLF)’s share price shot up 4.7% during mid-day trading on Thursday . The company traded as high as $3.69 and last traded at $3.33, with a volume of 532,394 shares. The stock had previously closed at $3.18.
A number of research firms have recently issued reports on GLF. Morgan Stanley reiterated a “sell” rating on shares of GulfMark Offshore in a report on Tuesday, April 26th. Zacks Investment Research cut GulfMark Offshore from a “hold” rating to a “sell” rating in a report on Tuesday.
The company’s 50-day moving average price is $3.55 and its 200-day moving average price is $4.45. The firm’s market capitalization is $86.40 million.
GulfMark Offshore (NYSE:GLF) last posted its quarterly earnings results on Monday, April 25th. The company reported ($0.50) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.48) by $0.02. On average, equities research analysts forecast that GulfMark Offshore Inc. will post ($2.24) earnings per share for the current fiscal year.
A hedge fund recently raised its stake in GulfMark Offshore stock. Morgan Stanley raised its position in shares of GulfMark Offshore Inc. (NYSE:GLF) by 960.3% during the fourth quarter, Holdings Channel reports. 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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