Stabilis Solutions (NASDAQ:SLNG) Announces Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Stabilis Solutions (NASDAQ:SLNG) announced its quarterly earnings results on Wednesday. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02, FiscalAI reports. Stabilis Solutions had a negative net margin of 14.06% and a negative return on equity of 12.33%. The firm had revenue of $14.84 million during the quarter, compared to analysts’ expectations of $15.36 million.

Stabilis Solutions Stock Performance

NASDAQ:SLNG traded down $0.01 during trading hours on Thursday, reaching $3.81. 21,810 shares of the company’s stock were exchanged, compared to its average volume of 36,555. The firm has a market capitalization of $70.96 million, a price-to-earnings ratio of -9.08 and a beta of -0.15. The company has a 50-day moving average of $5.09 and a 200 day moving average of $4.65. The company has a quick ratio of 1.57, a current ratio of 1.59 and a debt-to-equity ratio of 0.10. Stabilis Solutions has a 1-year low of $3.21 and a 1-year high of $7.07.

Insider Activity

In related news, Director Edward Kuntz acquired 5,000 shares of Stabilis Solutions stock in a transaction on Wednesday, September 9th. The stock was purchased at an average cost of $5.41 per share, with a total value of $27,050.00. Following the purchase, the director directly owned 74,839 shares in the company, valued at approximately $404,878.99. The trade was a 7.16% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 72.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, Weiss Ratings raised Stabilis Solutions from a “sell (d)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. One analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Stabilis Solutions presently has a consensus rating of “Reduce”.

Stabilis Solutions Company Profile

Stabilis Solutions, Inc (NASDAQ: SLNG) is an energy company focused on the production, distribution and use of liquefied natural gas (LNG). The company supplies LNG as an alternative fuel for customers that require reliable energy while seeking to reduce their reliance on diesel, fuel oil and other conventional fuels.

Stabilis provides LNG through its production and distribution infrastructure, supported by transportation, storage and fueling capabilities. Its services are designed for a range of applications, including industrial operations, power generation, marine transportation and heavy-duty vehicle fleets.