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Gulf Island Fabrication ( (GIFI) ) has issued an announcement.
On January 13, 2026, Gulf Island Fabrication shareholders approved a merger with IES, and on January 16, 2026, Merger Sub was combined with Gulf Island, leaving Gulf Island as the surviving corporation and an indirect wholly owned subsidiary of IES. At the effective time of the merger on January 16, 2026, each outstanding share of Gulf Island common stock, other than excluded shares, was canceled and converted into the right to receive $12 in cash, restricted stock units were converted into cash-settled substitute awards with specified vesting and acceleration terms, all prior directors were replaced by IES executives as directors of the surviving entity, new employment agreements for key executives took effect, the company moved to delist and deregister its shares from Nasdaq and the SEC, its charter and bylaws were fully amended and restated, and former shareholders lost their equity rights and are to receive merger consideration through a structured exchange process.
The most recent analyst rating on (GIFI) stock is a Buy with a $13.50 price target. To see the full list of analyst forecasts on Gulf Island Fabrication stock, see the GIFI Stock Forecast page.
Spark’s Take on GIFI Stock
According to Spark, TipRanks’ AI Analyst, GIFI is a Neutral.
The score is driven mainly by improving financial performance and a strong balance sheet, complemented by supportive price trends (above key moving averages) and a major positive M&A catalyst (agreement to be acquired at $12.00/share). These positives are tempered by elevated RSI signaling potential short-term overbought conditions, moderate valuation (P/E ~21.8), and cash flow weakness from declining free cash flow.
To see Spark’s full report on GIFI stock, click here.
More about Gulf Island Fabrication
Gulf Island Fabrication operates in the industrial and energy services sector, historically focused on fabricating large-scale structures and providing related services to energy and infrastructure markets. Its business has centered on serving customers through specialized fabrication projects and associated engineering and construction capabilities.
Average Trading Volume: 179,350
Technical Sentiment Signal: Buy
Current Market Cap: $192M
Find detailed analytics on GIFI stock on TipRanks’ Stock Analysis page.