GulfMark Offshore Inc. (GLF) Trading 3% Higher
Shares of GulfMark Offshore Inc. (NYSE:GLF) traded up 3% during trading on Friday . The company traded as high as $3.47 and last traded at $3.45, with a volume of 245,189 shares changing hands. The stock had previously closed at $3.35.
A number of analysts recently commented on the company. Zacks Investment Research upgraded GulfMark Offshore from a “sell” rating to a “hold” rating in a research report on Monday, July 11th. Morgan Stanley restated a “sell” rating on shares of GulfMark Offshore in a research report on Tuesday, April 26th.
The company’s market capitalization is $91.81 million. The company has a 50 day moving average price of $3.52 and a 200 day moving average price of $4.35.
GulfMark Offshore (NYSE:GLF) last posted its quarterly earnings data on Monday, April 25th. The company reported ($0.50) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.48) by $0.02. On average, equities analysts expect that GulfMark Offshore Inc. will post ($2.24) EPS for the current year.
An institutional investor recently raised its position in GulfMark Offshore stock. First Trust Advisors LP increased its stake in shares of GulfMark Offshore Inc. (NYSE:GLF) by 49.8% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 409,819 shares of the company’s stock after buying an additional 136,251 shares during the period. First Trust Advisors LP owned about 1.59% of GulfMark Offshore worth $1,914,000 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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.