Gulf Island Fabrication (NASDAQ:GIFI) Issues Earnings Results

Gulf Island Fabrication (NASDAQ:GIFI) announced its earnings results on Tuesday. The oil and gas company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01, Zacks reports. The business had revenue of $37.64 million during the quarter. Gulf Island Fabrication had a negative net margin of 13.47% and a negative return on equity of 22.34%.

Gulf Island Fabrication Stock Up 14.6 %

Gulf Island Fabrication stock traded up $0.88 during trading hours on Thursday, reaching $6.90. The stock had a trading volume of 76,204 shares, compared to its average volume of 58,322. The company has a market cap of $113.96 million, a price-to-earnings ratio of 6.23 and a beta of 0.48. The company has a debt-to-equity ratio of 0.22, a current ratio of 3.89 and a quick ratio of 3.80. The business’s 50 day moving average price is $5.53 and its 200-day moving average price is $6.09. Gulf Island Fabrication has a 52 week low of $3.81 and a 52 week high of $7.93.

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.