Gulf Island Fabrication (NASDAQ:GIFI – Get Free Report) was downgraded by investment analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday.
Separately, Johnson Rice raised Gulf Island Fabrication from a “hold” rating to an “accumulate” rating in a research note on Friday, March 8th.
View Our Latest Stock Analysis on GIFI
Gulf Island Fabrication Trading Up 3.9 %
Gulf Island Fabrication (NASDAQ:GIFI – Get Free Report) last released its quarterly earnings data on Thursday, March 7th. The oil and gas company reported $0.43 earnings per share for the quarter. The business had revenue of $44.55 million for the quarter. Gulf Island Fabrication had a negative return on equity of 27.29% and a negative net margin of 16.15%.
Institutional Investors Weigh In On Gulf Island Fabrication
A hedge fund recently bought a new stake in Gulf Island Fabrication stock. Abel Hall LLC bought a new stake in shares of Gulf Island Fabrication, Inc. (NASDAQ:GIFI – Free Report) during the 4th quarter, according to its most recent filing with the SEC. The firm bought 103,771 shares of the oil and gas company’s stock, valued at approximately $449,000. Abel Hall LLC owned 0.64% of Gulf Island Fabrication as of its most recent filing with the SEC. Institutional investors and hedge funds own 46.40% of the company’s stock.
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.
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