FutureFuel (NYSE:FF) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Shares of FutureFuel Corp. (NYSE:FF) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $4.11 and traded as high as $4.80. FutureFuel shares last traded at $4.6380, with a volume of 230,679 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Wall Street Zen raised shares of FutureFuel from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of FutureFuel in a research note on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat, the company presently has a consensus rating of “Sell”.

FutureFuel Stock Performance

The firm has a market cap of $203.44 million, a price-to-earnings ratio of -3.90 and a beta of 0.81. The business has a 50 day simple moving average of $4.42 and a 200-day simple moving average of $4.11.

FutureFuel (NYSE:FF) last announced its earnings results on Monday, May 11th. The energy company reported ($0.47) earnings per share (EPS) for the quarter. The company had revenue of $31.95 million for the quarter. FutureFuel had a negative net margin of 47.51% and a negative return on equity of 32.51%.

FutureFuel Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Shareholders of record on Friday, September 4th will be paid a $0.01 dividend. The ex-dividend date is Friday, September 4th. This represents a $0.04 annualized dividend and a dividend yield of 0.9%. FutureFuel’s payout ratio is presently -3.36%.

Insider Activity at FutureFuel

In other news, CEO Roeland Polet purchased 10,000 shares of the business’s stock in a transaction dated Thursday, June 4th. The stock was bought at an average price of $4.28 per share, for a total transaction of $42,800.00. Following the purchase, the chief executive officer owned 35,000 shares of the company’s stock, valued at $149,800. The trade was a 40.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 42.40% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On FutureFuel

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets raised its position in shares of FutureFuel by 226.0% in the third quarter. BNP Paribas Financial Markets now owns 9,038 shares of the energy company’s stock valued at $35,000 after purchasing an additional 6,266 shares during the period. Centiva Capital LP bought a new stake in FutureFuel during the 3rd quarter valued at $50,000. Brooklyn Investment Group lifted its position in shares of FutureFuel by 4,087.0% during the third quarter. Brooklyn Investment Group now owns 12,854 shares of the energy company’s stock worth $50,000 after acquiring an additional 12,547 shares in the last quarter. Jacobs Levy Equity Management Inc. bought a new position in shares of FutureFuel in the third quarter worth $51,000. Finally, HRT Financial LP purchased a new position in shares of FutureFuel in the fourth quarter valued at $56,000. Institutional investors own 44.56% of the company’s stock.

FutureFuel Company Profile

FutureFuel Corporation (NYSE: FF) operates as a specialty chemicals and biofuels producer, combining industrial chemistry with renewable energy solutions. Through its wholly owned subsidiary, FutureFuel Chemical Company, it manufactures a diverse portfolio of chemical products that serve fiber and textile applications, agricultural markets, water treatment processes and industrial coatings. In parallel, the company produces biodiesel using vegetable oils and animal fats as feedstocks, supplying both wholesale fuel distributors and commercial users seeking lower-carbon fuel alternatives.

The company’s manufacturing hub is located in Decatur, Arkansas, on a site originally constructed as an ordnance plant during World War II.