Gulf Island Fabrication (NASDAQ:GIFI) Posts Quarterly Earnings Results

Gulf Island Fabrication (NASDAQ:GIFI) announced its quarterly earnings results on Tuesday. The oil and gas company reported $0.26 EPS for the quarter, beating 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 Stock Performance

Gulf Island Fabrication stock traded up $0.02 during mid-day trading on Tuesday, reaching $6.50. 65,710 shares of the company traded hands, compared to its average volume of 61,384. The firm’s fifty day moving average is $6.96 and its two-hundred day moving average is $6.38. The company has a market capitalization of $106.29 million, a price-to-earnings ratio of 6.19 and a beta of 0.55. Gulf Island Fabrication has a fifty-two week low of $5.01 and a fifty-two week high of $7.93. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.61 and a quick ratio of 4.50.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered 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.