GulfMark Offshore, Inc. (NYSE:GLF) shares were down 4.1% during mid-day trading on Tuesday . The stock traded as low as $2.76 and last traded at $2.84, with a volume of 246,520 shares. The stock had previously closed at $2.96.

Several research analysts have recently issued reports on GLF shares. Zacks Investment Research upgraded GulfMark Offshore from a “sell” rating to a “hold” rating in a research note on Monday, July 11th. Morgan Stanley restated a “sell” rating on shares of GulfMark Offshore in a research note on Tuesday, April 26th.

The company’s market capitalization is $72.46 million. The firm’s 50-day moving average is $3.19 and its 200 day moving average is $4.33.

GulfMark Offshore (NYSE:GLF) last released its earnings results on Tuesday, July 26th. The company reported ($0.57) EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.57). During the same period in the previous year, the firm earned $0.27 earnings per share. The company had revenue of $30.50 million for the quarter, compared to analyst estimates of $31.91 million. The company’s revenue for the quarter was down 59.1% compared to the same quarter last year. On average, equities analysts predict that GulfMark Offshore, Inc. will post ($2.48) EPS for the current year.

An institutional investor recently raised its position in GulfMark Offshore stock. Morgan Stanley boosted its position in shares of GulfMark Offshore, Inc. (NYSE:GLF) by 960.3% during the fourth quarter, according to its most recent disclosure with the SEC. 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 as of its most recent filing with the SEC.

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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