Gulf Island Fabrication (NASDAQ:GIFI) Posts Earnings Results

Gulf Island Fabrication (NASDAQ:GIFI) posted its quarterly earnings data on Tuesday. The oil and gas company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.12 by $0.14, Zacks reports. Gulf Island Fabrication had a net margin of 10.54% and a return on equity of 20.64%.

Gulf Island Fabrication Stock Performance

NASDAQ GIFI traded up $0.02 during trading hours on Tuesday, reaching $6.50. The stock had a trading volume of 65,645 shares, compared to its average volume of 61,374. Gulf Island Fabrication has a 52-week low of $5.01 and a 52-week high of $7.93. The stock has a fifty day moving average of $6.96 and a 200 day moving average of $6.38. The company has a debt-to-equity ratio of 0.21, a quick ratio of 4.50 and a current ratio of 4.61. The stock has a market cap of $106.29 million, a P/E ratio of 6.19 and a beta of 0.55.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Gulf Island Fabrication from a “buy” rating to a “hold” rating in a research note on Friday, November 15th.

About Gulf Island Fabrication

Gulf Island Fabrication, Inc, together with its subsidiaries, operates as a fabricator of steel structures and modules in the United States. It operates through Services, Fabrication, and Shipyard divisions. The company provides maintenance, repair, construction, scaffolding, coatings, welding enclosures, and other specialty services on offshore platforms, inland structures, and industrial facilities; services required to connect production equipment and service modules, and equipment on offshore platforms; project management and commissioning services; hookup services; and civil construction and staffing services to the industrial and energy sectors, as well as undertakes municipal and drainage projects, including pump stations, levee reinforcement, bulkheads, and other public works.