CO2 Energy Transition (NASDAQ:NOEM) Issues Earnings Results

CO2 Energy Transition (NASDAQ:NOEM) announced its quarterly earnings data on Thursday. The company reported $0.05 earnings per share for the quarter, FiscalAI reports.

CO2 Energy Transition Stock Performance

NOEM traded down $0.02 during midday trading on Friday, reaching $10.22. 205 shares of the company were exchanged, compared to its average volume of 31,046. The stock has a market capitalization of $98.01 million and a P/E ratio of 255.50. CO2 Energy Transition has a one year low of $9.78 and a one year high of $10.78. The stock’s 50-day simple moving average is $10.20 and its 200 day simple moving average is $10.11.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NOEM. Karpus Management Inc. increased its stake in CO2 Energy Transition by 8.6% in the second quarter. Karpus Management Inc. now owns 783,521 shares of the company’s stock valued at $7,890,000 after purchasing an additional 62,275 shares in the last quarter. Mizuho Securities USA LLC acquired a new position in shares of CO2 Energy Transition in the 1st quarter valued at $7,562,000. AQR Arbitrage LLC bought a new stake in shares of CO2 Energy Transition in the 1st quarter valued at $5,853,000. Aristeia Capital L.L.C. bought a new stake in shares of CO2 Energy Transition in the 1st quarter valued at $5,853,000. Finally, Polar Asset Management Partners Inc. acquired a new stake in CO2 Energy Transition during the 1st quarter worth $2,877,000.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of CO2 Energy Transition in a research report on Tuesday, October 14th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

CO2 Energy Transition Company Profile

CO2 Energy Transition Corp., a Delaware corporation, is a blank check company incorporated on September 30, 2021 for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities, which we refer to throughout this prospectus as our initial business combination.