Verde Clean Fuels (NASDAQ:VGAS) Posts Earnings Results

Verde Clean Fuels (NASDAQ:VGAS) posted its quarterly earnings results on Monday. The company reported ($0.04) EPS for the quarter, Zacks reports.

Verde Clean Fuels Stock Down 7.5%

Shares of VGAS stock traded down $0.10 on Monday, hitting $1.24. The stock had a trading volume of 51,697 shares, compared to its average volume of 98,500. Verde Clean Fuels has a one year low of $0.92 and a one year high of $3.39. The business has a 50 day moving average price of $1.25 and a 200 day moving average price of $1.53. The company has a market cap of $55.24 million, a PE ratio of -3.54 and a beta of -0.31.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Verde Clean Fuels in a report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Sell”.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Verde Clean Fuels stock. Geode Capital Management LLC grew its holdings in Verde Clean Fuels, Inc. (NASDAQ:VGAS) by 12.3% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 94,441 shares of the company’s stock after purchasing an additional 10,335 shares during the quarter. Geode Capital Management LLC owned approximately 0.21% of Verde Clean Fuels worth $325,000 at the end of the most recent reporting period. 15.61% of the stock is owned by hedge funds and other institutional investors.

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.