Verde Clean Fuels (NASDAQ:VGAS) Releases Quarterly Earnings Results

Verde Clean Fuels (NASDAQ:VGAS) announced its quarterly earnings results on Monday. The company reported ($0.05) earnings per share (EPS) for the quarter, Zacks reports.

Verde Clean Fuels Stock Down 5.1%

Shares of NASDAQ:VGAS traded down $0.09 during trading on Monday, hitting $1.69. 27,846 shares of the company were exchanged, compared to its average volume of 37,213. The business’s 50 day moving average is $1.66 and its 200-day moving average is $2.14. The company has a market capitalization of $75.29 million, a P/E ratio of -4.45 and a beta of -0.33. Verde Clean Fuels has a 1-year low of $0.92 and a 1-year high of $3.92.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Verde Clean Fuels in a report on Monday, April 20th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company has an average rating of “Sell”.

Institutional Trading of Verde Clean Fuels

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

Verde Clean Fuels Company Profile

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. Verde Clean Fuels, Inc was founded in 2007 and is headquartered in Houston, Texas.