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

Verde Clean Fuels (NASDAQ:VGAS) posted its quarterly earnings data on Monday. The company reported ($0.04) earnings per share (EPS) for the quarter, Zacks reports.

Verde Clean Fuels Stock Performance

Shares of Verde Clean Fuels stock opened at $1.24 on Tuesday. The firm has a fifty day moving average of $1.25 and a two-hundred day moving average of $1.52. The stock has a market capitalization of $55.24 million, a price-to-earnings ratio of -3.54 and a beta of -0.31. Verde Clean Fuels has a 52 week low of $0.92 and a 52 week high of $3.39.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “sell (e+)” rating on shares of Verde Clean Fuels in a research report on Friday, July 17th. One investment analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Institutional Inflows and Outflows

A hedge fund recently raised its stake 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 disclosure with the Securities and Exchange Commission. The fund owned 94,441 shares of the company’s stock after purchasing an additional 10,335 shares during the quarter. Geode Capital Management LLC owned about 0.21% of Verde Clean Fuels worth $325,000 as of its most recent SEC filing. Hedge funds and other institutional investors own 15.61% of the company’s stock.

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