FutureFuel (NYSE:FF) Posts Earnings Results

FutureFuel (NYSE:FF) released its earnings results on Monday. The energy company reported ($0.19) earnings per share for the quarter, FiscalAI reports. The firm had revenue of $104.67 million during the quarter. FutureFuel had a negative net margin of 19.94% and a negative return on equity of 19.75%.

FutureFuel Stock Down 4.6%

Shares of FutureFuel stock traded down $0.24 on Monday, hitting $5.08. 639,058 shares of the company were exchanged, compared to its average volume of 403,440. The company has a 50-day moving average price of $5.40 and a 200 day moving average price of $4.62. The stock has a market capitalization of $222.60 million, a price-to-earnings ratio of -7.25 and a beta of 0.82. FutureFuel has a 1-year low of $3.09 and a 1-year high of $6.99.

FutureFuel Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be issued a dividend of $0.01 per share. This represents a $0.04 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Friday, December 4th. FutureFuel’s payout ratio is currently -5.71%.

Hedge Funds Weigh In On FutureFuel

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. increased its stake in shares of FutureFuel by 65.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 16,404 shares of the energy company’s stock worth $63,000 after acquiring an additional 6,480 shares during the last quarter. Empowered Funds LLC boosted its position in shares of FutureFuel by 3.3% during the 1st quarter. Empowered Funds LLC now owns 311,214 shares of the energy company’s stock valued at $1,198,000 after acquiring an additional 10,061 shares during the last quarter. Persistent Asset Partners Ltd purchased a new stake in shares of FutureFuel in the second quarter valued at about $51,000. AXQ Capital LP purchased a new stake in shares of FutureFuel in the second quarter valued at about $55,000. Finally, Greenspring Advisors LLC acquired a new stake in FutureFuel during the second quarter worth about $68,000. Institutional investors and hedge funds own 44.56% of the company’s stock.

Analysts Set New Price Targets

FF has been the subject of several recent research reports. Wall Street Zen raised FutureFuel from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Weiss Ratings lowered FutureFuel from a “sell (d+)” rating to a “sell (d-)” rating in a report on Thursday, August 13th. One investment analyst has rated the stock with a Sell rating. According to data from MarketBeat, the company presently has an average rating of “Sell”.

FutureFuel Company Profile

FutureFuel Corp. is a chemical and biofuels manufacturer headquartered in Missouri. Through its subsidiary, FutureFuel Chemical Company, the business operates a manufacturing facility in Batesville, Arkansas, where it produces specialty chemicals and renewable fuels.

The company’s chemical operations manufacture custom and specialty organic chemicals for industrial and commercial customers. Its product capabilities include chemicals used in areas such as coatings, solvents, polymers, agricultural applications and other specialty markets.