Shares of GulfMark Offshore Inc. (NYSE:GLF) fell 1.5% during trading on Monday . The company 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.

A number of brokerages have commented on GLF. Morgan Stanley reduced their target price on shares of GulfMark Offshore from $5.50 to $4.00 and set an “underweight” rating for the company in a report on Thursday, July 28th. Zacks Investment Research raised shares of GulfMark Offshore from a “sell” rating to a “hold” rating in a report on Monday, July 11th.

The stock’s market capitalization is $70.58 million. The stock has a 50 day moving average price of $3.12 and a 200 day moving average price of $4.31.

GulfMark Offshore (NYSE:GLF) last released its earnings results on Tuesday, July 26th. The company reported ($0.57) EPS for the quarter, hitting analysts’ consensus estimates of ($0.57). The company earned $30.50 million during the quarter, compared to analyst estimates of $31.91 million. The firm’s revenue for the quarter was down 59.1% on a year-over-year basis. During the same quarter last year, the business earned $0.27 earnings per share. Equities analysts anticipate 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 increased its position in 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 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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