Gulf Island Fabrication (NASDAQ:GIFI) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Gulf Island Fabrication (NASDAQ:GIFI) from a hold rating to a buy rating in a report issued on Thursday.

Gulf Island Fabrication Price Performance

GIFI opened at $6.20 on Thursday. The company has a debt-to-equity ratio of 0.21, a current ratio of 4.61 and a quick ratio of 4.50. The stock has a market capitalization of $100.88 million, a P/E ratio of 5.90 and a beta of 0.26. The company’s 50 day simple moving average is $6.47 and its 200-day simple moving average is $6.67. Gulf Island Fabrication has a one year low of $5.12 and a one year high of $7.59.

Gulf Island Fabrication (NASDAQ:GIFI) last announced its quarterly earnings data on Tuesday, May 6th. The oil and gas company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.15. The firm had revenue of $40.27 million for the quarter, compared to analyst estimates of $36.50 million. Gulf Island Fabrication had a return on equity of 20.64% and a net margin of 10.54%.

Institutional Investors Weigh In On Gulf Island Fabrication

A number of institutional investors and hedge funds have recently modified their holdings of the business. Empowered Funds LLC acquired a new stake in Gulf Island Fabrication during the 4th quarter worth $180,000. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Gulf Island Fabrication by 14.9% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 47,594 shares of the oil and gas company’s stock worth $324,000 after purchasing an additional 6,187 shares during the period. Hillsdale Investment Management Inc. increased its holdings in Gulf Island Fabrication by 5.3% in the fourth quarter. Hillsdale Investment Management Inc. now owns 39,900 shares of the oil and gas company’s stock valued at $272,000 after purchasing an additional 2,000 shares during the last quarter. Aristides Capital LLC lifted its stake in Gulf Island Fabrication by 4.7% in the fourth quarter. Aristides Capital LLC now owns 71,223 shares of the oil and gas company’s stock valued at $485,000 after buying an additional 3,201 shares during the period. Finally, Marshall Wace LLP acquired a new position in Gulf Island Fabrication in the fourth quarter valued at about $219,000. 46.40% of the stock is owned by institutional investors.

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.