Stabilis Solutions (NASDAQ:SLNG) Lowered to Hold Rating by Maxim Group

Maxim Group lowered shares of Stabilis Solutions (NASDAQ:SLNG) from a buy rating to a hold rating in a research report released on Wednesday, Marketbeat Ratings reports.

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Stabilis Solutions in a report on Monday, December 29th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Reduce” and a consensus target price of $10.00.

Stabilis Solutions Stock Down 5.8%

Shares of NASDAQ SLNG opened at $5.16 on Wednesday. Stabilis Solutions has a 12-month low of $3.29 and a 12-month high of $6.36. The stock’s fifty day simple moving average is $5.07 and its two-hundred day simple moving average is $4.72. The stock has a market capitalization of $95.98 million, a PE ratio of 103.22 and a beta of -0.13. The company has a current ratio of 1.42, a quick ratio of 1.40 and a debt-to-equity ratio of 0.10.

Stabilis Solutions (NASDAQ:SLNG) last issued its quarterly earnings data on Wednesday, March 4th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02). Stabilis Solutions had a return on equity of 1.53% and a net margin of 1.40%.The company had revenue of $13.27 million for the quarter, compared to analysts’ expectations of $21.90 million.

Institutional Trading of Stabilis Solutions

A number of institutional investors have recently bought and sold shares of SLNG. Dimensional Fund Advisors LP increased its stake in Stabilis Solutions by 13.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 18,523 shares of the company’s stock valued at $81,000 after purchasing an additional 2,207 shares in the last quarter. Citadel Advisors LLC increased its position 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. Russell Investments Group Ltd. raised its stake in Stabilis Solutions by 22.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 57,034 shares of the company’s stock worth $249,000 after acquiring an additional 10,643 shares during the last quarter. Finally, Ancora Advisors LLC raised its stake in Stabilis Solutions by 32.3% in the 3rd quarter. Ancora Advisors LLC now owns 84,849 shares of the company’s stock worth $370,000 after acquiring an additional 20,718 shares during the last quarter. 3.81% of the stock is currently owned by institutional investors and hedge funds.

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.