Gulf Island Fabrication (GIFI) Earning Somewhat Favorable Media Coverage, Study Finds

News articles about Gulf Island Fabrication (NASDAQ:GIFI) have been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies negative and positive news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Gulf Island Fabrication earned a media sentiment score of 0.18 on Accern’s scale. Accern also gave media coverage about the oil and gas company an impact score of 48.2436701474657 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.

Here are some of the headlines that may have effected Accern Sentiment’s analysis:

Gulf Island Fabrication traded up $0.45, reaching $9.65, during trading on Friday, according to MarketBeat. The company had a trading volume of 43,336 shares, compared to its average volume of 52,872. Gulf Island Fabrication has a 12-month low of $6.90 and a 12-month high of $13.95. The company has a debt-to-equity ratio of 0.05, a current ratio of 4.34 and a quick ratio of 4.22.

Gulf Island Fabrication (NASDAQ:GIFI) last issued its quarterly earnings results on Friday, August 10th. The oil and gas company reported ($0.39) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.30). The company had revenue of $54.01 million during the quarter. Gulf Island Fabrication had a negative return on equity of 11.01% and a negative net margin of 16.83%.

Separately, ValuEngine raised Gulf Island Fabrication from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd.

About Gulf Island Fabrication

Gulf Island Fabrication, Inc, through its subsidiaries, operates as a fabricator of offshore drilling and production platforms, and other steel structures in the United States. The company fabricates jackets and deck sections of fixed production platforms; hull, tendon, and/or deck sections of floating production platforms, such as tension leg platforms, single point anchor reservoirs, floating production storage and offloading vessels, and minimum deepwater operating concepts; pressure vessels; and piles, wellhead protectors, and subsea templates, as well as various production, compressor, and utility modules.

See Also: Are analyst ratings accurate?

Insider Buying and Selling by Quarter for Gulf Island Fabrication (NASDAQ:GIFI)

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