Verde Clean Fuels (NASDAQ:VGAS) Releases Earnings Results

Verde Clean Fuels (NASDAQ:VGAS) posted its earnings results on Thursday. The company reported ($0.06) earnings per share for the quarter, Zacks reports.

Verde Clean Fuels Stock Up 0.2%

VGAS traded up $0.01 during trading hours on Friday, reaching $3.15. 16,114 shares of the company’s stock traded hands, compared to its average volume of 3,999. The firm has a 50-day moving average price of $3.13 and a 200 day moving average price of $3.20. The firm has a market capitalization of $140.11 million, a PE ratio of -7.67 and a beta of -0.44. Verde Clean Fuels has a 52-week low of $2.50 and a 52-week high of $4.40.

Institutional Trading of Verde Clean Fuels

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 Securities & Exchange Commission. The fund bought 10,001 shares of the company’s stock, valued at approximately $34,000. Hedge funds and other institutional investors own 15.61% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Verde Clean Fuels in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus 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.