Gulf Island Fabrication, Inc. (NASDAQ:GIFI) Receives Consensus Recommendation of “Hold” from Brokerages

Gulf Island Fabrication, Inc. (NASDAQ:GIFI) has been given a consensus broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.

Brokerages have set a twelve-month consensus target price of $16.00 for the company, according to Zacks. Zacks has also given Gulf Island Fabrication an industry rank of 188 out of 265 based on the ratings given to its competitors.

Separately, TheStreet downgraded shares of Gulf Island Fabrication from a “hold” rating to a “sell” rating in a report on Thursday, November 19th.

Gulf Island Fabrication (NASDAQ:GIFI) opened at 10.46 on Monday. Gulf Island Fabrication has a 1-year low of $8.56 and a 1-year high of $20.16. The stock’s market capitalization is $152.23 million. The company’s 50 day moving average is $9.80 and its 200-day moving average is $11.02.

Gulf Island Fabrication (NASDAQ:GIFI) last announced its quarterly earnings results on Thursday, October 29th. The company reported ($0.84) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.90. Analysts forecast that Gulf Island Fabrication will post $0.27 earnings per share for the current fiscal year.

12 Month Chart for NASDAQ:GIFI

Gulf Island Fabrication, Inc. (NASDAQ:GIFI) is a fabricator of steel platforms and other specialized structures for customers in the offshore oil and gas and marine industries. The Company has facilities in Houma, Louisiana, and Ingleside and Aransas Pass, Texas. Gulf Island conducts its operations through its subsidiaries, which include Gulf Island, L.L.C. and Gulf Marine Fabricators, L.P. , both of which perform fabrication of offshore drilling and production platforms and other specialized structures used in the development and production of oil and gas reserves; Gulf Island Marine Fabricators, L.L.C., which performs marine fabrication and construction services; Dolphin Services, L.L.C., which performs offshore and onshore fabrication and construction services; Dolphin Steel Sales, L.L.C., which sells steel plate and other steel products, and Gulf Island Resources, L.L.C., which hires laborers with similar rates and terms as those provided by contract labor service companies.

Get a free copy of the Zacks research report on Gulf Island Fabrication (GIFI)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

 

Latest News

Oracle Buying Textura at a Price of $663 Million
Oracle Buying Textura at a Price of $663 Million
AB InBev Offering More Assets of SABMiller in Europe to Win EU Approval
AB InBev Offering More Assets of SABMiller in Europe to Win EU Approval
Verizon Working With Authorities On Sabotage Incidents
Verizon Working With Authorities On Sabotage Incidents
UPS Profit Increases During First Quarter by 10%
UPS Profit Increases During First Quarter by 10%
Consumers Buying Fewer Apple Products, Sales Slump Worldwide
Consumers Buying Fewer Apple Products, Sales Slump Worldwide
Boeing Profit Drops on Lag in Commercial Deliveries
Boeing Profit Drops on Lag in Commercial Deliveries


Leave a Reply

 
© 2006-2017 The Vista Voice. Subscribe