Gulf Island Fabrication (NASDAQ:GIFI) Announces Earnings Results

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

Gulf Island Fabrication Stock Performance

Gulf Island Fabrication stock traded up $0.92 during mid-day trading on Thursday, hitting $6.94. 79,623 shares of the company’s stock traded hands, compared to its average volume of 58,338. Gulf Island Fabrication has a one year low of $3.81 and a one year high of $7.93. The company has a market cap of $114.62 million, a PE ratio of 6.23 and a beta of 0.48. The firm has a 50 day moving average price of $5.53 and a 200 day moving average price of $6.09. The company has a quick ratio of 3.80, a current ratio of 3.89 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.