GulfMark Offshore Inc. (NYSE:GLF) posted its quarterly earnings results on Wednesday. The company reported ($0.91) EPS for the quarter, missing the consensus estimate of ($0.70) by $0.21. GulfMark Offshore had a negative net margin of 121.97% and a negative return on equity of 9.61%. The business earned $27.80 million during the quarter, compared to analysts’ expectations of $29.58 million. During the same period in the previous year, the company posted ($0.55) earnings per share. GulfMark Offshore’s revenue for the quarter was down 54.2% compared to the same quarter last year.

GulfMark Offshore (NYSE:GLF) opened at 1.30 on Friday. The firm’s market cap is $34.89 million. The firm has a 50 day moving average of $1.50 and a 200-day moving average of $2.96. GulfMark Offshore has a 12 month low of $1.05 and a 12 month high of $7.50.

Earnings History for GulfMark Offshore (NYSE:GLF)

A number of large investors have recently made changes to their positions in the company. Ameriprise Financial Inc. raised its stake in shares of GulfMark Offshore by 3.2% in the second quarter. Ameriprise Financial Inc. now owns 125,726 shares of the company’s stock valued at $393,000 after buying an additional 3,850 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of GulfMark Offshore by 2.7% in the second quarter. Principal Financial Group Inc. now owns 181,480 shares of the company’s stock valued at $568,000 after buying an additional 4,718 shares in the last quarter. Bridgeway Capital Management Inc. raised its stake in shares of GulfMark Offshore by 4.4% in the second quarter. Bridgeway Capital Management Inc. now owns 120,900 shares of the company’s stock valued at $378,000 after buying an additional 5,100 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of GulfMark Offshore by 5.2% in the third quarter. Bank of New York Mellon Corp now owns 235,962 shares of the company’s stock valued at $397,000 after buying an additional 11,627 shares in the last quarter. Finally, KCG Holdings Inc. raised its stake in shares of GulfMark Offshore by 42.5% in the second quarter. KCG Holdings Inc. now owns 40,979 shares of the company’s stock valued at $128,000 after buying an additional 12,226 shares in the last quarter. Hedge funds and other institutional investors own 76.96% of the company’s stock.

Several equities research analysts have commented on GLF shares. Zacks Investment Research lowered shares of GulfMark Offshore from a “hold” rating to a “sell” rating in a report on Friday, July 29th. Credit Suisse Group AG reaffirmed a “hold” rating on shares of GulfMark Offshore in a report on Thursday. Finally, Morgan Stanley lowered their price target on shares of GulfMark Offshore from $5.50 to $4.00 and set an “underweight” rating on the stock in a report on Thursday, July 28th. Three investment analysts have rated the stock with a sell rating and two have given a hold rating to the company. GulfMark Offshore presently has a consensus rating of “Sell” and an average target price of $4.31.

GulfMark Offshore Company Profile

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.

5 Day Chart for NYSE:GLF

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