Stabilis Solutions (NASDAQ:SLNG) Releases Earnings Results

Stabilis Solutions (NASDAQ:SLNG) announced its quarterly earnings data on Wednesday. The company reported ($0.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.18), Zacks reports. The firm had revenue of $10.38 million during the quarter, compared to analyst estimates of $12.34 million. Stabilis Solutions had a negative net margin of 6.25% and a negative return on equity of 5.78%.

Stabilis Solutions Stock Performance

Shares of Stabilis Solutions stock remained flat at $4.31 on Friday. The stock had a trading volume of 1,301 shares, compared to its average volume of 36,102. The firm has a market cap of $80.17 million, a PE ratio of -21.55 and a beta of -0.23. The company has a current ratio of 1.30, a quick ratio of 1.26 and a debt-to-equity ratio of 0.09. Stabilis Solutions has a fifty-two week low of $3.21 and a fifty-two week high of $6.36. The business has a 50-day moving average price of $4.10 and a 200 day moving average price of $4.62.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Ancora Advisors LLC boosted its holdings in shares of Stabilis Solutions by 32.3% in the third quarter. Ancora Advisors LLC now owns 84,849 shares of the company’s stock valued at $370,000 after acquiring an additional 20,718 shares during the period. Russell Investments Group Ltd. grew its position in shares of Stabilis Solutions by 30.2% during the fourth quarter. Russell Investments Group Ltd. now owns 74,247 shares of the company’s stock worth $338,000 after acquiring an additional 17,213 shares during the last quarter. Citadel Advisors LLC increased its holdings in shares of Stabilis Solutions by 37.7% in the 3rd quarter. Citadel Advisors LLC now owns 19,146 shares of the company’s stock valued at $83,000 after acquiring an additional 5,238 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Stabilis Solutions by 13.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 18,523 shares of the company’s stock valued at $81,000 after acquiring an additional 2,207 shares during the period. Institutional investors and hedge funds own 3.81% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Maxim Group downgraded shares of Stabilis Solutions from a “buy” rating to a “hold” rating in a research note on Wednesday, March 4th. One research analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Stabilis Solutions presently has a consensus rating of “Reduce” and an average price target of $10.00.

Stabilis Solutions Company Profile

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.