Stabilis Solutions (NASDAQ:SLNG) Posts Quarterly Earnings Results, Misses Expectations By $0.02 EPS

Stabilis Solutions (NASDAQ:SLNG) issued its earnings results on Wednesday. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.02), FiscalAI reports. The business had revenue of $13.27 million during the quarter, compared to analysts’ expectations of $21.90 million. Stabilis Solutions had a net margin of 1.40% and a return on equity of 1.53%.

Stabilis Solutions Stock Down 5.8%

Shares of NASDAQ SLNG opened at $5.16 on Thursday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.40 and a current ratio of 1.42. Stabilis Solutions has a 1 year low of $3.29 and a 1 year high of $6.36. The stock’s 50-day simple moving average is $5.07 and its 200-day simple moving average is $4.72. The firm has a market cap of $95.98 million, a price-to-earnings ratio of 103.22 and a beta of -0.13.

Analysts Set New Price Targets

Several brokerages recently issued reports on SLNG. Weiss Ratings reiterated a “sell (d+)” rating on shares of Stabilis Solutions in a report on Monday, December 29th. Maxim Group downgraded Stabilis Solutions from a “buy” rating to a “hold” rating in a research report on Wednesday. One investment analyst has rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and an average price target of $10.00.

Institutional Investors Weigh In On Stabilis Solutions

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Ancora Advisors LLC boosted its stake in shares of Stabilis Solutions by 32.3% during the 3rd quarter. Ancora Advisors LLC now owns 84,849 shares of the company’s stock valued at $370,000 after buying an additional 20,718 shares during the last quarter. Russell Investments Group Ltd. raised its holdings in Stabilis Solutions by 30.2% in the fourth quarter. Russell Investments Group Ltd. now owns 74,247 shares of the company’s stock valued at $338,000 after acquiring an additional 17,213 shares in the last quarter. Citadel Advisors LLC boosted its stake in Stabilis Solutions by 37.7% during 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 last quarter. Finally, Dimensional Fund Advisors LP boosted 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 acquiring an additional 2,207 shares during the last quarter. 3.81% of the stock is currently owned by hedge funds and other institutional investors.

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.