Stabilis Solutions (NASDAQ:SLNG) Issues Earnings Results

Stabilis Solutions (NASDAQ:SLNG) issued its quarterly earnings results on Wednesday. The company reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.02, FiscalAI reports. The firm had revenue of $14.84 million for the quarter, compared to analyst estimates of $15.36 million. Stabilis Solutions had a negative return on equity of 12.33% and a negative net margin of 14.06%.

Stabilis Solutions Trading Down 11.3%

Shares of SLNG traded down $0.49 during mid-day trading on Wednesday, reaching $3.83. The company had a trading volume of 54,953 shares, compared to its average volume of 36,631. The stock has a market cap of $71.24 million, a price-to-earnings ratio of -9.12 and a beta of -0.15. The firm has a fifty day simple moving average of $5.13 and a 200-day simple moving average of $4.65. Stabilis Solutions has a fifty-two week low of $3.21 and a fifty-two week high of $7.07. The company has a current ratio of 1.59, a quick ratio of 1.57 and a debt-to-equity ratio of 0.10.

Insider Activity

In other news, Director Edward Kuntz acquired 5,000 shares of the company’s stock in a transaction dated Wednesday, September 9th. The stock was acquired at an average cost of $5.41 per share, for a total transaction of $27,050.00. Following the acquisition, the director directly owned 74,839 shares in the company, valued at approximately $404,878.99. This represents a 7.16% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. 72.20% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, Weiss Ratings upgraded shares of Stabilis Solutions from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. One equities research 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”.

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.