GulfMark Offshore Inc. (NYSE:GLF) was down 4.1% during trading on Tuesday . The stock traded as low as $3.27 and last traded at $3.28, with a volume of 384,387 shares trading hands. The stock had previously closed at $3.42.

A number of research analysts have recently weighed in on GLF shares. Morgan Stanley reaffirmed a “sell” rating on shares of GulfMark Offshore in a report on Tuesday, April 26th. Zacks Investment Research upgraded shares of GulfMark Offshore from a “sell” rating to a “hold” rating in a research note on Monday, July 11th.

The stock has a 50 day moving average price of $3.51 and a 200 day moving average price of $4.37. The stock’s market cap is $85.11 million.

GulfMark Offshore (NYSE:GLF) last issued its earnings results on Monday, April 25th. The company reported ($0.50) EPS for the quarter, missing analysts’ consensus estimates of ($0.48) by $0.02. On average, equities research analysts expect that GulfMark Offshore Inc. will post ($2.24) earnings per share for the current year.

An institutional investor recently raised its position in GulfMark Offshore stock. Morgan Stanley raised its stake in GulfMark Offshore Inc. (NYSE:GLF) by 960.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (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 reporting period.

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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