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Stock Market & Financial Investment News

News Breaks
December 13, 2012
19:03 EDTGIFIGulf Island Fabrication appoints Kirk J. Meche CEO
Gulf Island Fabrication announced the appointment of Kirk J. Meche as the company's new CEO and president effective January 1, 2013. Meche will replace Kerry J. Chauvin, who will step down as CEO and chairman of the board on January 1, 2013 due to his health. John P. Laborde, a member of the company's board since 1997, will assume the role of chairman of the board. The company expects to enter into an agreement with Chauvin pursuant to which Chauvin will serve as a consultant to the board and management following his resignation.
News For GIFI From The Last 14 Days
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April 27, 2015
10:00 EDTGIFIOn The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: 3D Systems (DDD) downgraded to Hold from Buy at Canaccord... Akorn (AKRX) downgraded to Neutral from Overweight at Piper Jaffray... Allegiant Travel (ALGT) downgraded to Fair Value from Buy at CRT Capital... Altera (ALTR) downgraded to Neutral from Outperform at Baird... Amazon.com (AMZN) downgraded on valuation at Argus... American Science & Engineering (ASEI) downgraded to Sell from Fair Value at CRT Capital... Basic Energy (BAS) downgraded to Underperform from Neutral at Macquarie... C.H. Robinson (CHRW) downgraded to Sell from Neutral at UBS... Celladon (CLDN) downgraded to Neutral from Buy at Roth Capital... DST Systems (DST) downgraded to Neutral from Outperform at Credit Suisse... DeVry (DV) downgraded on weaker than expected outlook at Stifel... Eaton Vance (EV) downgraded to Sell from Neutral at Citigroup... Emerge Energy (EMES) downgraded to Hold from Buy at Wunderlich... FMC Technologies (FTI) downgraded to Accumulate from Speculative Buy at Global Hunter... Fibria Celulose (FBR) downgraded to Underweight from Equal Weight at Morgan Stanley... Forum Energy (FET) downgraded to Neutral at Baird... Gulf Island Fabrication (GIFI) downgraded to Hold from Accumulate at Johnson Rice... Hancock Holding (HBHC) downgraded to Hold from Buy at Drexel Hamilton... Hi-Crush Partners (HCLP) downgraded to Hold from Buy at Wunderlich... Houghton Mifflin (HMHC) downgraded to Neutral from Buy at Citigroup (Friday)... Infosys (INFY) downgraded to Hold from Buy at Deutsche Bank... Marvell (MRVL) downgraded to Hold from Buy at Craig-Hallum... Merge Healthcare (MRGE) downgraded to Hold from Buy at Topeka... Oceaneering (OII) downgraded to Neutral from Buy at Goldman... Omega Healthcare (OHI) downgraded at BofA/Merrill... Perrigo (PRGO) downgraded to Neutral from Buy at UBS... Petrobras (PBR) downgraded to Underweight from Equal Weight at Morgan Stanley... Procter & Gamble (PG) downgraded on lack of upside at CLSA... ResMed (RMD) downgraded to Neutral from Buy at Goldman... Seadrill (SDRL) downgraded to Sell from Neutral at Citigroup... Six Flags (SIX) downgraded to Neutral from Buy at Goldman... Stratasys (SSYS) downgraded to Hold at Canaccord... Telecom Italia (TI) downgraded to Neutral from Buy at BofA/Merrill... Twitter (TWTR) downgraded to Neutral from Buy at SunTrust... United Continental (UAL) downgraded to Fair Value from Buy at CRT Capital... Virgin America (VA) downgraded to Sell from Buy at CRT Capital.
09:04 EDTGIFIGulf Island Fabrication downgraded to Hold from Accumulate at Johnson Rice
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April 23, 2015
18:00 EDTGIFIGulf Island Fabrication reports Q1 EPS 0c, may not compare to one estimate 23c
Reports Q1 revenue $99.2M, one estimate $92.35M. “Our first quarter results reflect the current condition in the energy sector due to low oil prices and our customers’ reduced capital expenditures for 2015. Our cash position has improved and we remain debt free. Our strong balance sheet and access to capital will enable us to weather the current downturn,” said Kirk Meche, President and CEO of Gulf Island Fabrication.

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