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

Gulf Island Fabrication (NASDAQ:GIFI - Get Free Report) announced its earnings results on Tuesday. The oil and gas company reported $0.26 EPS for the quarter, topping analysts' consensus estimates of $0.12 by $0.14, Zacks reports. Gulf Island Fabrication had a net margin of 10.54% and a return on equity of 20.64%.

Gulf Island Fabrication Stock Up 0.3 %

NASDAQ:GIFI traded up $0.02 during mid-day trading on Tuesday, hitting $6.50. 65,645 shares of the company's stock traded hands, compared to its average volume of 61,374. The company has a fifty day moving average of $6.96 and a 200 day moving average of $6.38. The company has a debt-to-equity ratio of 0.21, a quick ratio of 4.50 and a current ratio of 4.61. Gulf Island Fabrication has a twelve month low of $5.01 and a twelve month high of $7.93. The company has a market capitalization of $106.29 million, a P/E ratio of 6.19 and a beta of 0.55.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded shares of Gulf Island Fabrication from a "buy" rating to a "hold" rating in a research report on Friday, November 15th.

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.

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