Verde Clean Fuels (NASDAQ:VGAS) Posts Earnings Results

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

Verde Clean Fuels Price Performance

Shares of Verde Clean Fuels stock remained flat at $3.06 during midday trading on Friday. The company had a trading volume of 2,743 shares, compared to its average volume of 4,575. Verde Clean Fuels has a 52 week low of $2.50 and a 52 week high of $4.40. The firm has a market cap of $136.32 million, a PE ratio of -8.74 and a beta of -0.44. The firm has a 50-day moving average price of $3.13 and a 200 day moving average price of $3.19.

Institutional Investors Weigh In On Verde Clean Fuels

A hedge fund recently raised its stake in Verde Clean Fuels stock. Geode Capital Management LLC grew its position in Verde Clean Fuels, Inc. (NASDAQ:VGAS) by 12.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 94,441 shares of the company’s stock after purchasing an additional 10,335 shares during the quarter. Geode Capital Management LLC owned approximately 0.21% of Verde Clean Fuels worth $325,000 as of its most recent filing with the Securities and Exchange Commission (SEC). 15.61% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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