Stabilis Solutions (NASDAQ:SLNG) Releases Earnings Results

Stabilis Solutions (NASDAQ:SLNG) announced its quarterly earnings data on Tuesday. The company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.08) by ($0.17), FiscalAI reports. The company had revenue of $11.92 million for the quarter, compared to analyst estimates of $10.84 million. Stabilis Solutions had a negative return on equity of 12.00% and a negative net margin of 14.06%.

Stabilis Solutions Stock Up 6.6%

Shares of NASDAQ SLNG opened at $5.50 on Thursday. The stock has a market capitalization of $102.30 million, a P/E ratio of -13.10 and a beta of -0.32. The company has a 50-day moving average price of $4.44 and a 200-day moving average price of $4.43. Stabilis Solutions has a 1 year low of $3.21 and a 1 year high of $6.36. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.93 and a quick ratio of 0.92.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Stabilis Solutions in a report on Thursday, June 4th. One analyst has rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Reduce”.

Hedge Funds Weigh In On Stabilis Solutions

Large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its holdings in Stabilis Solutions by 13.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 18,523 shares of the company’s stock worth $81,000 after purchasing an additional 2,207 shares in the last quarter. Citadel Advisors LLC lifted its holdings in shares of Stabilis Solutions by 37.7% in the third quarter. Citadel Advisors LLC now owns 19,146 shares of the company’s stock valued at $83,000 after purchasing an additional 5,238 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Stabilis Solutions by 22.9% in the third quarter. Russell Investments Group Ltd. now owns 57,034 shares of the company’s stock valued at $249,000 after purchasing an additional 10,643 shares in the last quarter. Finally, Ancora Advisors LLC boosted its position in shares of Stabilis Solutions by 32.3% during the third quarter. Ancora Advisors LLC now owns 84,849 shares of the company’s stock valued at $370,000 after buying an additional 20,718 shares during the last quarter. 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.