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

Gulf Island Fabrication (NASDAQ:GIFI) posted its quarterly earnings data on Wednesday. The oil and gas company reported $0.10 EPS for the quarter, FiscalAI reports. Gulf Island Fabrication had a net margin of 6.45% and a return on equity of 12.59%. The company had revenue of $51.54 million for the quarter, compared to analyst estimates of $34.00 million.

Gulf Island Fabrication Stock Performance

Shares of NASDAQ:GIFI traded down $0.01 during midday trading on Thursday, reaching $11.78. The company had a trading volume of 89,608 shares, compared to its average volume of 55,450. The stock has a market cap of $188.81 million, a P/E ratio of 19.96 and a beta of 0.35. The company’s 50 day moving average price is $7.80 and its 200 day moving average price is $7.11. The company has a current ratio of 4.63, a quick ratio of 4.51 and a debt-to-equity ratio of 0.19. Gulf Island Fabrication has a 52-week low of $5.75 and a 52-week high of $11.83.

Institutional Investors Weigh In On Gulf Island Fabrication

Institutional investors have recently added to or reduced their stakes in the business. Shufro Rose & Co. LLC bought a new stake in Gulf Island Fabrication during the 1st quarter valued at $115,000. Goldman Sachs Group Inc. boosted its stake in Gulf Island Fabrication by 13.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 14,844 shares of the oil and gas company’s stock worth $96,000 after purchasing an additional 1,766 shares during the period. Empowered Funds LLC grew its holdings in Gulf Island Fabrication by 6.2% during the 1st quarter. Empowered Funds LLC now owns 28,144 shares of the oil and gas company’s stock valued at $182,000 after buying an additional 1,654 shares in the last quarter. Jane Street Group LLC increased its position in shares of Gulf Island Fabrication by 208.1% during the first quarter. Jane Street Group LLC now owns 37,488 shares of the oil and gas company’s stock valued at $242,000 after buying an additional 25,321 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Gulf Island Fabrication in the second quarter worth about $373,000. 46.40% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Gulf Island Fabrication in a research note on Tuesday, October 14th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Gulf Island Fabrication presently has an average rating of “Hold”.

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.