GulfMark Offshore Inc. (NYSE:GLF) shares were up 2.2% on Tuesday . The company traded as high as $2.78 and last traded at $2.73, with a volume of 123,860 shares changing hands. The stock had previously closed at $2.67.

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

The company’s market cap is $71.92 million. The stock has a 50 day moving average of $3.37 and a 200-day moving average of $4.35.

GulfMark Offshore (NYSE:GLF) last released its quarterly earnings data on Tuesday, July 26th. The company reported ($0.57) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.57). The company had revenue of $30.50 million for the quarter, compared to analyst estimates of $31.91 million. The business’s revenue was down 59.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.27 earnings per share. Analysts expect that GulfMark Offshore Inc. will post ($2.45) earnings per share for the current year.

An institutional investor recently raised its position 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 Form 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 approximately 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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