Glenorchy Capital Ltd purchased a new position in shares of Gulf Island Fabrication, Inc. (NASDAQ:GIFI – Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 194,098 shares of the oil and gas company’s stock, valued at approximately $840,000. Glenorchy Capital Ltd owned about 1.19% of Gulf Island Fabrication as of its most recent filing with the SEC.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on GIFI shares. Johnson Rice upgraded Gulf Island Fabrication from a “hold” rating to an “accumulate” rating in a research report on Friday, March 8th. StockNews.com initiated coverage on shares of Gulf Island Fabrication in a research note on Friday, March 15th. They issued a “hold” rating for the company.
Read Our Latest Report on GIFI
Gulf Island Fabrication Stock Up 1.6 %
Gulf Island Fabrication (NASDAQ:GIFI – Get Free Report) last released its quarterly earnings results on Thursday, March 7th. The oil and gas company reported $0.43 EPS for the quarter. The business had revenue of $44.55 million during the quarter. Gulf Island Fabrication had a negative return on equity of 27.29% and a negative net margin of 16.15%.
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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