GulfMark Offshore Inc. (NYSE:GLF) was down 1.5% on Monday . The stock traded as low as $2.58 and last traded at $2.61, with a volume of 120,252 shares changing hands. The stock had previously closed at $2.65.

Several equities research analysts have recently weighed in on GLF shares. Morgan Stanley reiterated a “sell” rating on shares of GulfMark Offshore in a research note on Tuesday, April 26th. Zacks Investment Research lowered GulfMark Offshore from a “hold” rating to a “sell” rating in a research note on Tuesday, July 5th.

The company has a 50-day moving average of $3.13 and a 200 day moving average of $4.32. The firm’s market cap is $71.38 million.

GulfMark Offshore (NYSE:GLF) last issued its earnings results on Tuesday, July 26th. The company reported ($0.57) earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.57). The firm earned $30.50 million during the quarter, compared to analyst estimates of $31.91 million. During the same quarter last year, the business posted $0.27 earnings per share. The company’s revenue for the quarter was down 59.1% on a year-over-year basis. On average, analysts anticipate that GulfMark Offshore Inc. will post ($2.48) earnings per share for the current fiscal year.

A hedge fund recently raised its stake in GulfMark Offshore stock. First Trust Advisors LP boosted its stake in shares of GulfMark Offshore Inc. (NYSE:GLF) by 49.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 409,819 shares of the company’s stock after buying an additional 136,251 shares during the period. First Trust Advisors LP owned 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.

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