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

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

Gulf Island Fabrication Stock Performance

GIFI opened at $6.54 on Thursday. 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 has a 12-month low of $3.81 and a 12-month high of $7.93. The business has a 50 day moving average of $5.57 and a 200-day moving average of $6.10. The stock has a market cap of $108.01 million, a price-to-earnings ratio of 6.23 and a beta of 0.48.

Gulf Island Fabrication (NASDAQ:GIFI) last released its quarterly earnings data on Tuesday, November 5th. The oil and gas company reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.01. The firm had revenue of $37.64 million during the quarter. Gulf Island Fabrication had a negative net margin of 13.47% and a negative return on equity of 22.34%.

Institutional Investors Weigh In On Gulf Island Fabrication

Hedge funds have recently bought and sold shares of the stock. Factorial Partners LLC lifted its holdings in Gulf Island Fabrication by 410.9% during the 2nd quarter. Factorial Partners LLC now owns 199,236 shares of the oil and gas company’s stock worth $1,209,000 after purchasing an additional 160,236 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in shares of Gulf Island Fabrication by 480.8% during the second quarter. Acadian Asset Management LLC now owns 114,177 shares of the oil and gas company’s stock worth $691,000 after buying an additional 94,519 shares in the last quarter. Glenorchy Capital Ltd boosted its position in shares of Gulf Island Fabrication by 24.5% in the third quarter. Glenorchy Capital Ltd now owns 298,005 shares of the oil and gas company’s stock valued at $1,681,000 after acquiring an additional 58,622 shares during the period. Heron Bay Capital Management acquired a new position in shares of Gulf Island Fabrication in the second quarter valued at about $234,000. Finally, Marshall Wace LLP bought a new position in Gulf Island Fabrication during the second quarter worth about $191,000. 46.40% of the stock is currently owned by institutional investors and hedge funds.

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.