GulfMark Offshore Inc. (NYSE:GLF) shares were up 3.8% on Thursday . The stock traded as high as $2.75 and last traded at $2.72, with a volume of 124,467 shares trading hands. The stock had previously closed at $2.62.

Several research analysts recently weighed in on GLF shares. Morgan Stanley dropped their price target on GulfMark Offshore from $5.50 to $4.00 and set an “underweight” rating on the stock in a research report on Thursday, July 28th. Zacks Investment Research raised GulfMark Offshore from a “sell” rating to a “hold” rating in a research report on Monday, July 11th.

The stock’s market cap is $74.07 million. The company’s 50-day moving average price is $3.08 and its 200 day moving average price is $4.28.

GulfMark Offshore (NYSE:GLF) last announced its quarterly earnings data on Tuesday, July 26th. The company reported ($0.57) EPS for the quarter, meeting the Zacks’ consensus estimate of ($0.57). During the same quarter in the previous year, the business posted $0.27 earnings per share. The firm earned $30.50 million during the quarter, compared to the consensus estimate of $31.91 million. The firm’s quarterly revenue was down 59.1% on a year-over-year basis. Analysts forecast that GulfMark Offshore Inc. will post ($2.48) EPS for the current fiscal 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 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 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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