FutureFuel (NYSE:FF) Share Price Breaks Below 200-Day Moving Average – What’s Next?

FutureFuel Corp. (NYSE:FF)’s stock price crossed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of $4.63 and traded as low as $2.77. FutureFuel shares last traded at $3.1250, with a volume of 7,415,688 shares traded.

Analysts Set New Price Targets

Several research firms recently commented on FF. Gabelli began coverage on FutureFuel in a research report on Tuesday. They issued an “add” rating and a $9.00 price target for the company. Wall Street Zen upgraded shares of FutureFuel from a “sell” rating to a “hold” rating in a research note on Saturday, August 15th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of FutureFuel in a report on Wednesday. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $9.00.

FutureFuel Stock Up 0.5%

The stock has a market cap of $123.91 million, a PE ratio of -4.15 and a beta of 0.82. The business’s fifty day moving average is $5.30 and its 200 day moving average is $4.63.

FutureFuel (NYSE:FF) last released its earnings results on Monday, November 9th. The energy company reported ($0.19) earnings per share (EPS) for the quarter. FutureFuel had a negative net margin of 12.59% and a negative return on equity of 19.93%. The company had revenue of $104.67 million during the quarter.

FutureFuel Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 18th. Stockholders of record on Friday, December 4th will be given a $0.01 dividend. This represents a $0.04 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Friday, December 4th. FutureFuel’s dividend payout ratio (DPR) is -5.88%.

Institutional Investors Weigh In On FutureFuel

A number of institutional investors have recently bought and sold shares of FF. Russell Investments Group Ltd. increased its stake in shares of FutureFuel by 834.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 147,233 shares of the energy company’s stock valued at $752,000 after acquiring an additional 131,484 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of FutureFuel during the third quarter worth approximately $1,567,000. Odyssean LLC grew its stake in FutureFuel by 79.3% during the second quarter. Odyssean LLC now owns 60,816 shares of the energy company’s stock worth $275,000 after buying an additional 26,890 shares in the last quarter. AXQ Capital LP bought a new stake in shares of FutureFuel during the 2nd quarter valued at approximately $55,000. Finally, Empowered Funds LLC acquired a new position in shares of FutureFuel during the second quarter worth $1,384,000. Institutional investors and hedge funds own 44.56% of the company’s stock.

FutureFuel Company Profile

FutureFuel Corp. is a U.S.-based chemical and biofuel manufacturer with operations in Batesville, Arkansas. The company operates through chemicals and biofuels businesses, using its manufacturing capabilities to produce both custom-made and proprietary products. Its chemicals business serves customers in markets that include agriculture, pharmaceuticals and coatings, among others. FutureFuel manufactures specialty chemicals to customer specifications and also develops and produces its own chemical products.