Verde Clean Fuels (NASDAQ:VGAS) Announces Quarterly Earnings Results

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

Verde Clean Fuels Price Performance

Verde Clean Fuels stock traded down $0.10 during midday trading on Monday, hitting $1.24. The company’s stock had a trading volume of 51,697 shares, compared to its average volume of 98,500. The company has a market cap of $55.24 million, a price-to-earnings ratio of -3.54 and a beta of -0.31. Verde Clean Fuels has a 1-year low of $0.92 and a 1-year high of $3.39. The company has a 50-day moving average price of $1.25 and a two-hundred day moving average price of $1.53.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

An institutional investor recently bought a new stake in Verde Clean Fuels stock. Creative Planning purchased a new stake in Verde Clean Fuels, Inc. (NASDAQ:VGAS) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 10,001 shares of the company’s stock, valued at approximately $34,000. Institutional investors and hedge funds own 15.61% of the company’s stock.

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.