Stabilis Solutions (NASDAQ:SLNG) Cut to “Hold” at Maxim Group

Maxim Group downgraded shares of Stabilis Solutions (NASDAQ:SLNG) from a buy rating to a hold rating in a research note published on Wednesday, Marketbeat.com reports.

Separately, Weiss Ratings reiterated a “sell (d+)” rating on shares of Stabilis Solutions in a report on Monday, December 29th. One research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Stabilis Solutions currently has a consensus rating of “Reduce” and an average target price of $10.00.

Stabilis Solutions Stock Performance

NASDAQ:SLNG opened at $3.76 on Wednesday. The company has a current ratio of 1.42, a quick ratio of 1.40 and a debt-to-equity ratio of 0.10. The company has a market capitalization of $69.94 million, a P/E ratio of -53.71 and a beta of -0.13. The firm has a 50-day moving average price of $5.05 and a two-hundred day moving average price of $4.71. Stabilis Solutions has a twelve month low of $3.29 and a twelve month high of $6.36.

Stabilis Solutions (NASDAQ:SLNG) last announced its quarterly earnings results on Wednesday, March 4th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.02). Stabilis Solutions had a negative net margin of 1.98% and a negative return on equity of 2.05%. The business had revenue of $13.27 million during the quarter, compared to analysts’ expectations of $21.90 million.

Institutional Investors Weigh In On Stabilis Solutions

Hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its position in Stabilis Solutions by 13.5% during the third quarter. Dimensional Fund Advisors LP now owns 18,523 shares of the company’s stock worth $81,000 after buying an additional 2,207 shares during the period. Citadel Advisors LLC grew its holdings in Stabilis Solutions by 37.7% in the 3rd quarter. Citadel Advisors LLC now owns 19,146 shares of the company’s stock valued at $83,000 after buying an additional 5,238 shares during the period. Russell Investments Group Ltd. increased its stake in shares of Stabilis Solutions by 22.9% during the 3rd quarter. Russell Investments Group Ltd. now owns 57,034 shares of the company’s stock valued at $249,000 after acquiring an additional 10,643 shares during the last quarter. Finally, Ancora Advisors LLC lifted its holdings in shares of Stabilis Solutions by 32.3% during the 3rd quarter. Ancora Advisors LLC now owns 84,849 shares of the company’s stock worth $370,000 after acquiring an additional 20,718 shares during the period. Hedge funds and other institutional investors own 3.81% of the company’s stock.

About Stabilis Solutions

Stabilis Solutions (NASDAQ: SLNG) is a U.S.-based marketer and distributor of cryogenic liquid products and liquefied natural gas (LNG). The company operates a nationwide network of terminals and bulk delivery assets, supplying industrial gases such as liquid oxygen, nitrogen and argon, as well as specialty products including carbon dioxide and hydrogen. Stabilis Solutions serves a broad array of end markets—from food and beverage processing to environmental applications and power generation—by ensuring a reliable chain of custody from production to point of use.

In addition to its cryogenic gas portfolio, Stabilis Solutions has developed a growing LNG business, providing clean-fuel solutions for heavy-duty transportation and on-site energy needs.