Gulf Island Fabrication (NASDAQ:GIFI – Get Free Report) posted its quarterly earnings results on Tuesday. The oil and gas company reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02), Zacks reports. Gulf Island Fabrication had a negative net margin of 14.27% and a negative return on equity of 22.11%. The company had revenue of $41.26 million during the quarter.
Gulf Island Fabrication Trading Down 10.6 %
NASDAQ:GIFI traded down $0.64 during trading hours on Wednesday, hitting $5.40. The stock had a trading volume of 230,278 shares, compared to its average volume of 68,553. Gulf Island Fabrication has a one year low of $3.13 and a one year high of $7.93. The company has a market cap of $87.93 million, a price-to-earnings ratio of -4.62 and a beta of 0.49. The company has a debt-to-equity ratio of 0.22, a quick ratio of 4.28 and a current ratio of 4.37. The business’s 50 day moving average is $6.33 and its 200-day moving average is $6.18.
Analysts Set New Price Targets
Separately, StockNews.com lowered Gulf Island Fabrication from a “buy” rating to a “hold” rating in a research note on Thursday, May 9th.
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.
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