Verde Clean Fuels (NASDAQ:VGAS) Posts Earnings Results

Verde Clean Fuels (NASDAQ:VGAS) announced its quarterly earnings data on Monday. The company reported ($0.05) earnings per share (EPS) for the quarter, Zacks reports.

Verde Clean Fuels Stock Performance

VGAS stock opened at $1.69 on Tuesday. The stock’s 50 day simple moving average is $1.67 and its 200 day simple moving average is $2.12. Verde Clean Fuels has a fifty-two week low of $0.92 and a fifty-two week high of $3.92. The company has a market cap of $75.29 million, a P/E ratio of -4.45 and a beta of -0.33.

Institutional Trading of Verde Clean Fuels

A hedge fund recently bought a new stake in Verde Clean Fuels stock. Creative Planning acquired a new position in shares of Verde Clean Fuels, Inc. (NASDAQ:VGAS) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 10,001 shares of the company’s stock, valued at approximately $34,000. 15.61% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Verde Clean Fuels in a research note on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the company has a consensus rating of “Sell”.

About Verde Clean Fuels

Verde Clean Fuels, Inc, operates as a clean energy technology company in the United States. It specializes in the conversion of synthesis gas, or syngas, derived from feedstocks, such as biomass, natural gas, and other feedstocks into liquid hydrocarbons that can be used as gasoline through proprietary liquid fuels technology. Verde Clean Fuels, Inc was founded in 2007 and is headquartered in Houston, Texas.