Big Sky Industrial Inc. Common Stock (NASDAQ:BSIN) Posts Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Big Sky Industrial Inc. Common Stock (NASDAQ:BSIN) posted its quarterly earnings data on Tuesday. The energy company reported ($0.07) EPS for the quarter, missing the consensus estimate of ($0.06) by ($0.01), FiscalAI reports. Big Sky Industrial Inc. Common Stock had a negative return on equity of 32.76% and a negative net margin of 153.63%. The company had revenue of $1.96 million during the quarter.

Big Sky Industrial Inc. Common Stock Price Performance

BSIN stock traded down $0.01 during mid-day trading on Thursday, hitting $1.23. The company had a trading volume of 35,856 shares, compared to its average volume of 3,776,894. The company has a market capitalization of $64.30 million, a price-to-earnings ratio of -4.90 and a beta of 0.99. Big Sky Industrial Inc. Common Stock has a 12-month low of $0.66 and a 12-month high of $1.67. The company has a quick ratio of 1.21, a current ratio of 1.21 and a debt-to-equity ratio of 0.12. The company has a 50-day moving average price of $1.48 and a 200 day moving average price of $1.18.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in BSIN. Steamboat Capital Partners LLC purchased a new stake in shares of Big Sky Industrial Inc. Common Stock in the second quarter worth about $2,763,000. Kestra Advisory Services LLC boosted its stake in Big Sky Industrial Inc. Common Stock by 217.7% during the third quarter. Kestra Advisory Services LLC now owns 776,800 shares of the energy company’s stock valued at $1,095,000 after buying an additional 532,300 shares during the last quarter. State Street Corp boosted its stake in Big Sky Industrial Inc. Common Stock by 9.6% during the third quarter. State Street Corp now owns 136,471 shares of the energy company’s stock valued at $192,000 after buying an additional 11,900 shares during the last quarter. Citadel Advisors LLC purchased a new position in Big Sky Industrial Inc. Common Stock during the 2nd quarter valued at approximately $105,000. Finally, United Asset Strategies Inc. grew its holdings in Big Sky Industrial Inc. Common Stock by 20.4% during the 3rd quarter. United Asset Strategies Inc. now owns 59,015 shares of the energy company’s stock valued at $83,000 after buying an additional 10,000 shares in the last quarter. Hedge funds and other institutional investors own 3.00% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Johnson Rice raised Big Sky Industrial Inc. Common Stock from an “accumulate” rating to a “buy” rating and set a $2.00 target price on the stock in a research note on Monday, August 17th. Weiss Ratings restated a “sell (d-)” rating on shares of Big Sky Industrial Inc. Common Stock in a research note on Friday, September 25th. Finally, Wall Street Zen lowered shares of Big Sky Industrial Inc. Common Stock from a “hold” rating to a “sell” rating in a report on Saturday, October 31st. Two research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $2.75.

About Big Sky Industrial Inc. Common Stock

U.S. Energy Corp., an independent energy company, focuses on the acquisition, exploration, and development of oil and natural gas properties in the United States. It holds interests in various oil and gas properties located in the Rockies region, including Montana, Wyoming, and North Dakota; the Mid-Continent region comprising Oklahoma, Kansas, and North and East Texas; West Texas; South Texas; and the Gulf Coast regions. The company was incorporated in 1966 and is headquartered in Houston, Texas.