Clarkson Capital downgraded shares of GulfMark Offshore Inc. (NYSE:GLF) from a buy rating to a neutral rating in a research report report published on Tuesday morning.

Several other research analysts have also weighed in on the company. Zacks Investment Research lowered GulfMark Offshore from a hold rating to a sell rating in a report on Friday, October 28th. Credit Suisse Group AG restated a hold rating on shares of GulfMark Offshore in a report on Thursday, November 10th. Two research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. GulfMark Offshore currently has an average rating of Hold and a consensus price target of $3.75.

GulfMark Offshore (NYSE:GLF) opened at 1.25 on Tuesday. The firm has a 50-day moving average price of $1.39 and a 200 day moving average price of $2.55. The firm’s market capitalization is $33.75 million. GulfMark Offshore has a 12 month low of $1.05 and a 12 month high of $7.50.

GulfMark Offshore (NYSE:GLF) last posted its earnings results on Wednesday, November 9th. The company reported ($0.91) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.70) by $0.21. The business had revenue of $27.80 million for the quarter, compared to the consensus estimate of $29.58 million. GulfMark Offshore had a negative return on equity of 10.01% and a negative net margin of 121.97%. The business’s revenue was down 54.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.55) earnings per share. On average, equities analysts forecast that GulfMark Offshore will post ($2.80) EPS for the current year.

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Several hedge funds have recently added to or reduced their stakes in GLF. Global Alpha Capital Management Ltd. increased its stake in GulfMark Offshore by 137.9% in the third quarter. Global Alpha Capital Management Ltd. now owns 1,004,706 shares of the company’s stock worth $1,688,000 after buying an additional 582,340 shares in the last quarter. California Public Employees Retirement System increased its stake in GulfMark Offshore by 13.1% in the third quarter. California Public Employees Retirement System now owns 422,800 shares of the company’s stock worth $710,000 after buying an additional 48,900 shares in the last quarter. Wells Fargo & Company MN increased its stake in GulfMark Offshore by 13.2% in the third quarter. Wells Fargo & Company MN now owns 377,205 shares of the company’s stock worth $633,000 after buying an additional 43,878 shares in the last quarter. Bank of New York Mellon Corp increased its stake in 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 worth $397,000 after buying an additional 11,627 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in GulfMark Offshore by 2.7% in the second quarter. Principal Financial Group Inc. now owns 181,480 shares of the company’s stock worth $568,000 after buying an additional 4,718 shares in the last quarter. 69.55% of the stock is currently owned by institutional investors and hedge funds.

About GulfMark Offshore

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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