Gulf Island Fabrication (NASDAQ:GIFI) Releases Quarterly Earnings Results, Beats Estimates By $0.14 EPS

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 return on equity of 20.64% and a net margin of 10.54%.

Gulf Island Fabrication Trading Up 0.3 %

Shares of NASDAQ:GIFI traded up $0.02 during trading on Tuesday, reaching $6.50. The company’s stock had a trading volume of 65,710 shares, compared to its average volume of 61,384. The firm’s 50 day simple moving average is $6.96 and its two-hundred day simple moving average is $6.38. The company has a current ratio of 4.61, a quick ratio of 4.50 and a debt-to-equity ratio of 0.21. Gulf Island Fabrication has a 12 month low of $5.01 and a 12 month high of $7.93. The stock has a market capitalization of $106.29 million, a PE ratio of 6.19 and a beta of 0.55.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Gulf Island Fabrication from a “buy” rating to a “hold” rating in a report 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.