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

Stabilis Solutions (NASDAQ:SLNGGet Free Report) posted its quarterly earnings data 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. The business had revenue of $11.92 million during the quarter, compared to analysts’ expectations of $10.84 million. Stabilis Solutions had a negative return on equity of 5.85% and a negative net margin of 6.25%.

Stabilis Solutions Price Performance

Stabilis Solutions stock traded up $0.15 during mid-day trading on Tuesday, hitting $5.16. The stock had a trading volume of 32,322 shares, compared to its average volume of 38,692. Stabilis Solutions has a one year low of $3.21 and a one year high of $6.36. 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 firm has a market capitalization of $95.98 million, a P/E ratio of -25.80 and a beta of -0.32. The firm’s 50 day moving average is $4.39 and its 200 day moving average is $4.41.

Insider Buying and Selling

In other Stabilis Solutions news, Director Edward L. Kuntz acquired 7,500 shares of the stock in a transaction dated Wednesday, May 13th. The shares were acquired at an average cost of $3.89 per share, for a total transaction of $29,175.00. Following the completion of the transaction, the director directly owned 69,839 shares of the company’s stock, valued at approximately $271,673.71. The trade was a 12.03% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 72.20% of the stock is currently owned by corporate insiders.

Institutional Trading of Stabilis Solutions

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP boosted its stake in Stabilis Solutions by 13.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 18,523 shares of the company’s stock worth $81,000 after purchasing an additional 2,207 shares during the period. Citadel Advisors LLC raised its position in shares of Stabilis Solutions by 37.7% during the third quarter. Citadel Advisors LLC now owns 19,146 shares of the company’s stock valued at $83,000 after buying an additional 5,238 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Stabilis Solutions by 22.9% during the third quarter. Russell Investments Group Ltd. now owns 57,034 shares of the company’s stock valued at $249,000 after buying an additional 10,643 shares during the last quarter. Finally, Ancora Advisors LLC lifted 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 worth $370,000 after buying an additional 20,718 shares in the last quarter. Institutional investors own 3.81% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Get Our Latest Analysis on SLNG

About Stabilis Solutions

(Get Free Report)

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.

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Earnings History for Stabilis Solutions (NASDAQ:SLNG)

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