Gulf Island Fabrication (NASDAQ:GIFI) Releases Earnings Results

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

Gulf Island Fabrication Stock Up 13.5 %

Gulf Island Fabrication stock traded up $0.81 during trading on Thursday, reaching $6.83. The stock had a trading volume of 67,108 shares, compared to its average volume of 58,280. The business has a 50 day moving average price of $5.53 and a 200 day moving average price of $6.09. The stock has a market cap of $112.80 million, a PE ratio of 6.23 and a beta of 0.48. Gulf Island Fabrication has a 52-week low of $3.81 and a 52-week high of $7.93. The company has a quick ratio of 3.80, a current ratio of 3.89 and a debt-to-equity ratio of 0.22.

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.