Gulf Island Fabrication (GIFI) Receiving Somewhat Favorable News Coverage, Accern Reports

News articles about Gulf Island Fabrication (NASDAQ:GIFI) have trended somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Gulf Island Fabrication earned a daily sentiment score of 0.18 on Accern’s scale. Accern also assigned news stories about the oil and gas company an impact score of 48.2436701474657 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.

These are some of the news stories that may have effected Accern Sentiment’s scoring:

Shares of Gulf Island Fabrication traded up $0.45, reaching $9.65, during trading hours on Friday, according to Marketbeat. 43,336 shares of the company’s stock traded hands, compared to its average volume of 52,872. 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 has a twelve month low of $6.90 and a twelve month high of $13.95.

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

Separately, ValuEngine lowered Gulf Island Fabrication from a “hold” rating to a “sell” rating in a report on Friday, June 29th.

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.

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