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

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

Stabilis Solutions Stock Down 11.3%

NASDAQ SLNG traded down $0.49 on Wednesday, hitting $3.83. 54,953 shares of the company were exchanged, compared to its average volume of 36,631. The company has a current ratio of 1.59, a quick ratio of 1.57 and a debt-to-equity ratio of 0.10. The company has a market cap of $71.24 million, a PE ratio of -9.12 and a beta of -0.15. The stock has a fifty day moving average of $5.13 and a 200-day moving average of $4.65. Stabilis Solutions has a 12 month low of $3.21 and a 12 month high of $7.07.

Insiders Place Their Bets

In related news, Director Edward Kuntz acquired 5,000 shares of the company’s stock in a transaction dated Wednesday, September 9th. The shares were purchased at an average price of $5.41 per share, for a total transaction of $27,050.00. Following the completion of the acquisition, the director owned 74,839 shares of the company’s stock, valued at approximately $404,878.99. This trade represents a 7.16% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 72.20% of the company’s stock.

Wall Street Analyst Weigh In

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 investment analyst has rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus 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.