Verde Clean Fuels (NASDAQ:VGAS) Releases Earnings Results

Verde Clean Fuels (NASDAQ:VGAS) announced its quarterly earnings data on Monday. The company reported ($0.05) earnings per share for the quarter, Zacks reports.

Verde Clean Fuels Stock Down 0.6%

Verde Clean Fuels stock opened at $1.68 on Wednesday. The firm has a 50-day moving average price of $1.68 and a two-hundred day moving average price of $2.11. The firm has a market capitalization of $74.84 million, a price-to-earnings ratio of -4.80 and a beta of -0.33. Verde Clean Fuels has a 52-week low of $0.92 and a 52-week high of $3.92.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in Verde Clean Fuels stock. Creative Planning bought a new stake in shares of Verde Clean Fuels, Inc. (NASDAQ:VGAS) in the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 10,001 shares of the company’s stock, valued at approximately $34,000. 15.61% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Verde Clean Fuels in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

About Verde Clean Fuels

Verde Clean Fuels, Inc, operates as a clean energy technology company in the United States. It specializes in the conversion of synthesis gas, or syngas, derived from feedstocks, such as biomass, natural gas, and other feedstocks into liquid hydrocarbons that can be used as gasoline through proprietary liquid fuels technology. Verde Clean Fuels, Inc was founded in 2007 and is headquartered in Houston, Texas.