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

Stabilis Solutions (NASDAQ:SLNG) released its earnings results on Wednesday. The company reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.02, FiscalAI reports. The company had revenue of $14.84 million during the quarter, compared to analysts’ expectations of $15.36 million. Stabilis Solutions had a negative net margin of 17.43% and a negative return on equity of 14.01%.

Stabilis Solutions Trading Down 5.5%

SLNG traded down $0.20 during trading on Friday, hitting $3.52. The company’s stock had a trading volume of 11,634 shares, compared to its average volume of 36,478. The firm’s 50 day moving average price is $5.05 and its 200-day moving average price is $4.65. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.59 and a quick ratio of 1.57. The stock has a market cap of $65.55 million, a PE ratio of -7.50 and a beta of -0.15. Stabilis Solutions has a twelve month low of $3.21 and a twelve month high of $7.07.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings upgraded shares of Stabilis Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. One investment 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.com, Stabilis Solutions has an average rating of “Reduce”.

Insider Transactions at Stabilis Solutions

In related news, Director Edward Kuntz bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 9th. The shares were acquired at an average cost of $5.41 per share, with a total value of $27,050.00. Following the completion of the transaction, the director owned 74,839 shares of the company’s stock, valued at approximately $404,878.99. The trade was a 7.16% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 72.20% of the company’s stock.

Stabilis Solutions Company Profile

Stabilis Solutions, Inc (NASDAQ: SLNG) is an energy company focused on the production, distribution and use of liquefied natural gas (LNG). The company supplies LNG as an alternative fuel for customers that require reliable energy while seeking to reduce their reliance on diesel, fuel oil and other conventional fuels.

Stabilis provides LNG through its production and distribution infrastructure, supported by transportation, storage and fueling capabilities. Its services are designed for a range of applications, including industrial operations, power generation, marine transportation and heavy-duty vehicle fleets.