Stabilis Solutions (NASDAQ:SLNG) Releases Quarterly Earnings Results, Misses Estimates By $0.17 EPS

Stabilis Solutions (NASDAQ:SLNG) released its quarterly earnings results on Tuesday. The company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.08) by ($0.17), FiscalAI reports. Stabilis Solutions had a negative return on equity of 5.85% and a negative net margin of 6.25%.The firm had revenue of $11.92 million during the quarter, compared to analysts’ expectations of $10.84 million.

Stabilis Solutions Stock Performance

NASDAQ SLNG traded up $0.15 during trading hours on Tuesday, hitting $5.16. 32,386 shares of the company’s stock traded hands, compared to its average volume of 38,717. Stabilis Solutions has a 52 week low of $3.21 and a 52 week high of $6.36. The firm has a market capitalization of $95.98 million, a P/E ratio of -25.80 and a beta of -0.32. The company has a current ratio of 0.93, a quick ratio of 0.92 and a debt-to-equity ratio of 0.09. The business’s fifty day moving average price is $4.39 and its two-hundred day moving average price is $4.41.

Insiders Place Their Bets

In other Stabilis Solutions news, Director Edward L. Kuntz purchased 7,500 shares of the company’s stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average price of $3.89 per share, for a total transaction of $29,175.00. Following the purchase, the director directly owned 69,839 shares of the company’s stock, valued at $271,673.71. The trade was a 12.03% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 72.20% of the company’s stock.

Hedge Funds Weigh In On Stabilis Solutions

A number of institutional investors have recently bought and sold shares of the stock. Ancora Advisors LLC lifted its position in Stabilis Solutions by 32.3% during the third quarter. Ancora Advisors LLC now owns 84,849 shares of the company’s stock valued at $370,000 after purchasing an additional 20,718 shares in the last quarter. Russell Investments Group Ltd. increased its position in Stabilis Solutions by 30.2% in the fourth quarter. Russell Investments Group Ltd. now owns 74,247 shares of the company’s stock worth $338,000 after buying an additional 17,213 shares in the last quarter. Citadel Advisors LLC raised its stake in shares of Stabilis Solutions by 37.7% in the third quarter. Citadel Advisors LLC now owns 19,146 shares of the company’s stock worth $83,000 after buying an additional 5,238 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Stabilis Solutions by 13.5% in the third quarter. Dimensional Fund Advisors LP now owns 18,523 shares of the company’s stock worth $81,000 after buying an additional 2,207 shares during the period. 3.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Stabilis Solutions in a report on Thursday, June 4th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Reduce”.

About Stabilis Solutions

Stabilis Solutions (NASDAQ: SLNG) is a U.S.-based marketer and distributor of cryogenic liquid products and liquefied natural gas (LNG). The company operates a nationwide network of terminals and bulk delivery assets, supplying industrial gases such as liquid oxygen, nitrogen and argon, as well as specialty products including carbon dioxide and hydrogen. Stabilis Solutions serves a broad array of end markets—from food and beverage processing to environmental applications and power generation—by ensuring a reliable chain of custody from production to point of use.

In addition to its cryogenic gas portfolio, Stabilis Solutions has developed a growing LNG business, providing clean-fuel solutions for heavy-duty transportation and on-site energy needs.