Stabilis Solutions (NASDAQ:SLNG) Releases Quarterly Earnings Results, Misses Expectations By $0.18 EPS

Stabilis Solutions (NASDAQ:SLNG) posted its quarterly earnings data on Wednesday. The company reported ($0.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.04) by ($0.18), Zacks reports. The firm had revenue of $10.38 million for the quarter, compared to the consensus estimate of $12.34 million. Stabilis Solutions had a negative return on equity of 2.05% and a negative net margin of 1.98%.

Stabilis Solutions Stock Performance

Stabilis Solutions stock traded down $0.10 on Thursday, hitting $4.21. The company’s stock had a trading volume of 24,033 shares, compared to its average volume of 36,052. The company has a fifty day moving average price of $4.13 and a 200-day moving average price of $4.62. The firm has a market cap of $78.29 million, a P/E ratio of -60.12 and a beta of -0.23. Stabilis Solutions has a one year low of $3.21 and a one year high of $6.36. The company has a quick ratio of 1.26, a current ratio of 1.30 and a debt-to-equity ratio of 0.09.

Institutional Trading of Stabilis Solutions

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SLNG. Dimensional Fund Advisors LP lifted its stake in Stabilis Solutions by 13.5% during the third quarter. Dimensional Fund Advisors LP now owns 18,523 shares of the company’s stock worth $81,000 after purchasing an additional 2,207 shares during the period. Russell Investments Group Ltd. lifted its stake in Stabilis Solutions by 22.9% during the third quarter. Russell Investments Group Ltd. now owns 57,034 shares of the company’s stock worth $249,000 after purchasing an additional 10,643 shares during the period. Ancora Advisors LLC lifted its stake in Stabilis Solutions by 32.3% during the third quarter. Ancora Advisors LLC now owns 84,849 shares of the company’s stock worth $370,000 after purchasing an additional 20,718 shares during the period. Finally, Citadel Advisors LLC lifted its stake in Stabilis Solutions by 37.7% during the third quarter. Citadel Advisors LLC now owns 19,146 shares of the company’s stock worth $83,000 after purchasing an additional 5,238 shares during the period. Institutional investors own 3.81% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Maxim Group downgraded shares of Stabilis Solutions from a “buy” rating to a “hold” rating in a report on Wednesday, March 4th. One equities research analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce” and a consensus price target of $10.00.

Stabilis Solutions Company Profile

Stabilis Solutions (NASDAQ: SLNG) is a U.S.-based marketer and distributor of cryogenic liquid products and liquefied natural gas (LNG). The company operates a nationwide network of terminals and bulk delivery assets, supplying industrial gases such as liquid oxygen, nitrogen and argon, as well as specialty products including carbon dioxide and hydrogen. Stabilis Solutions serves a broad array of end markets—from food and beverage processing to environmental applications and power generation—by ensuring a reliable chain of custody from production to point of use.

In addition to its cryogenic gas portfolio, Stabilis Solutions has developed a growing LNG business, providing clean-fuel solutions for heavy-duty transportation and on-site energy needs.