Gulf Island Fabrication(NASDAQ:GIFI) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $81.50M. Analysts estimated a revenue of $76.87M. Earnings per share were $0.37. Analysts had estimated an EPS of $0.06.
Gulf Island Fabrication (GIFI) shares turned negative on Thursdays trading session with the shares closing down -0.05 points or -0.58% at a volume of 38,452. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $8.64. The peak price level was also seen at $8.64 while the days lowest was $8.4. Finally the shares closed at $8.54. The 52-week high of the shares is $13.64 while the 52-week low is $6.34. According to the latest information available, the market cap of the company is $125 M.
Several Insider Transactions has been reported to the SEC. On Mar 30, 2016, Murray W. Burns (director) purchased 1,000 shares at $7.80 per share price.
Gulf Island Fabrication Inc. (Gulf Island) 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.