Shares of GulfMark Offshore Inc. (NYSE:GLF) fell 2.4% during trading on Monday . The company traded as low as $2.24 and last traded at $2.40, with a volume of 200,553 shares traded. The stock had previously closed at $2.46.

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

The stock has a 50 day moving average of $2.91 and a 200-day moving average of $4.25. The firm’s market capitalization is $60.11 million.

GulfMark Offshore (NYSE:GLF) last announced 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). The business had revenue of $30.50 million for the quarter, compared to analysts’ expectations of $31.91 million. The firm’s quarterly revenue was down 59.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.27 earnings per share. On average, equities analysts forecast that GulfMark Offshore Inc. will post ($2.48) EPS for the current fiscal year.

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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