GulfMark Offshore Inc. (NYSE:GLF)’s share price was up 5.2% on Monday . The stock traded as high as $3.04 and last traded at $3.02, with a volume of 362,470 shares changing hands. The stock had previously closed at $2.87.

Several equities analysts have weighed in on GLF shares. Zacks Investment Research downgraded GulfMark Offshore from a “hold” rating to a “sell” rating in a research report on Friday, July 29th. Morgan Stanley reaffirmed a “sell” rating on shares of GulfMark Offshore in a research report on Tuesday, April 26th.

The stock’s 50-day moving average is $3.27 and its 200 day moving average is $4.32. The company’s market capitalization is $79.43 million.

GulfMark Offshore (NYSE:GLF) last released its earnings results on Tuesday, July 26th. The company reported ($0.57) earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.57). During the same quarter last year, the company posted $0.27 earnings per share. The business had revenue of $30.50 million for the quarter, compared to analysts’ expectations of $31.91 million. The business’s quarterly revenue was down 59.1% compared to the same quarter last year. On average, equities analysts expect that GulfMark Offshore Inc. will post ($2.48) earnings per share for the current fiscal 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 filing with the Securities and Exchange Commission. The fund 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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