Gulf Island Fabrication (NASDAQ:GIFI) Upgraded by StockNews.com to “Buy” Rating

Gulf Island Fabrication (NASDAQ:GIFI) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

Gulf Island Fabrication Stock Down 2.1 %

GIFI opened at $6.07 on Thursday. The company has a current ratio of 4.61, a quick ratio of 4.50 and a debt-to-equity ratio of 0.21. Gulf Island Fabrication has a 1-year low of $5.12 and a 1-year high of $7.59. The business has a 50 day moving average of $6.46 and a 200-day moving average of $6.68. The stock has a market capitalization of $98.84 million, a price-to-earnings ratio of 5.78 and a beta of 0.26.

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, topping analysts’ consensus estimates of $0.08 by $0.15. The company had revenue of $40.27 million during the quarter, compared to the consensus estimate 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

Institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP lifted its position in shares of Gulf Island Fabrication by 3.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 554,697 shares of the oil and gas company’s stock worth $3,777,000 after buying an additional 18,336 shares during the period. Factorial Partners LLC raised its stake in Gulf Island Fabrication by 0.9% during the fourth quarter. Factorial Partners LLC now owns 221,673 shares of the oil and gas company’s stock worth $1,510,000 after acquiring an additional 2,000 shares in the last quarter. Peapod Lane Capital LLC bought a new position in shares of Gulf Island Fabrication during the fourth quarter valued at $1,001,000. Bridgeway Capital Management LLC boosted its stake in shares of Gulf Island Fabrication by 29.0% in the 4th quarter. Bridgeway Capital Management LLC now owns 112,438 shares of the oil and gas company’s stock valued at $766,000 after purchasing an additional 25,290 shares in the last quarter. Finally, Aristides Capital LLC grew its holdings in shares of Gulf Island Fabrication by 4.7% in the 4th quarter. Aristides Capital LLC now owns 71,223 shares of the oil and gas company’s stock worth $485,000 after purchasing an additional 3,201 shares during the last quarter. 46.40% of the stock is owned by institutional investors and hedge funds.

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.