Gulf Island Fabrication (NASDAQ:GIFI – Get Free Report) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Thursday.
Separately, Johnson Rice upgraded Gulf Island Fabrication from a “hold” rating to an “accumulate” rating in a research note on Friday, March 8th.
Read Our Latest Analysis on GIFI
Gulf Island Fabrication Stock Up 3.9 %
Gulf Island Fabrication (NASDAQ:GIFI – Get Free Report) last issued its earnings results on Thursday, March 7th. The oil and gas company reported $0.43 EPS for the quarter. Gulf Island Fabrication had a negative return on equity of 27.29% and a negative net margin of 16.15%. The firm had revenue of $44.55 million for the quarter.
Institutional Trading of Gulf Island Fabrication
An institutional investor recently bought a new position in Gulf Island Fabrication stock. Glenorchy Capital Ltd acquired a new position in shares of Gulf Island Fabrication, Inc. (NASDAQ:GIFI – Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 194,098 shares of the oil and gas company’s stock, valued at approximately $840,000. Glenorchy Capital Ltd owned about 1.19% of Gulf Island Fabrication as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 46.40% of the company’s stock.
Gulf Island Fabrication Company Profile
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.
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