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

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

Gulf Island Fabrication Trading Up 15.3 %

GIFI stock traded up $0.92 during midday trading on Thursday, hitting $6.94. 80,078 shares of the company’s stock were exchanged, compared to its average volume of 58,340. Gulf Island Fabrication has a 1-year low of $3.81 and a 1-year high of $7.93. The business has a 50-day simple moving average of $5.53 and a two-hundred day simple moving average of $6.09. The stock has a market capitalization of $114.62 million, a PE ratio of 6.61 and a beta of 0.48. The company has a current ratio of 3.89, a quick ratio of 3.80 and a debt-to-equity ratio of 0.22.

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.