Stabilis Solutions (NASDAQ:SLNG) Posts Earnings Results, Beats Expectations By $0.05 EPS

Stabilis Solutions (NASDAQ:SLNG) posted its quarterly earnings results on Wednesday. The company reported $0.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.01 by $0.05, Zacks reports. The company had revenue of $20.33 million for the quarter, compared to analysts’ expectations of $17.30 million. Stabilis Solutions had a return on equity of 1.35% and a net margin of 1.28%.

Stabilis Solutions Stock Performance

Shares of Stabilis Solutions stock traded down $0.14 during trading on Friday, reaching $4.62. The company’s stock had a trading volume of 15,008 shares, compared to its average volume of 17,307. The firm has a market cap of $85.82 million, a price-to-earnings ratio of 115.40 and a beta of 0.09. The business’s fifty day moving average price is $4.44 and its 200-day moving average price is $4.84. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.56 and a current ratio of 1.57. Stabilis Solutions has a one year low of $3.29 and a one year high of $8.28.

Wall Street Analyst Weigh In

SLNG has been the topic of a number of research reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Stabilis Solutions in a report on Wednesday, October 8th. Maxim Group decreased their target price on shares of Stabilis Solutions from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Monday, August 11th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $10.00.

About Stabilis Solutions

Stabilis Solutions, Inc, together with its subsidiaries, an energy transition company, provides clean energy production, storage, transportation, and fueling solutions primarily using liquefied natural gas (LNG) to various end markets in North America. The company offers LNG solutions to customers in aerospace, agriculture, energy, industrial, marine bunkering, mining, pipeline, remote power, and utility markets.