Big Sky Industrial Inc. Common Stock (NASDAQ:BSIN) Issues Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Big Sky Industrial Inc. Common Stock (NASDAQ:BSIN) released its quarterly earnings results on Tuesday. The energy company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.01), FiscalAI reports. Big Sky Industrial Inc. Common Stock had a negative return on equity of 34.42% and a negative net margin of 156.23%. The firm had revenue of $1.96 million for the quarter.

Big Sky Industrial Inc. Common Stock Stock Performance

BSIN traded down $0.02 during midday trading on Tuesday, reaching $1.31. The company had a trading volume of 304,790 shares, compared to its average volume of 3,809,082. Big Sky Industrial Inc. Common Stock has a 12-month low of $0.66 and a 12-month high of $1.67. The business has a 50-day moving average price of $1.49 and a two-hundred day moving average price of $1.18. The stock has a market cap of $68.76 million, a PE ratio of -4.68 and a beta of 0.99. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.21 and a current ratio of 1.21.

Hedge Funds Weigh In On Big Sky Industrial Inc. Common Stock

Institutional investors have recently bought and sold shares of the company. Kestra Advisory Services LLC grew its holdings in Big Sky Industrial Inc. Common Stock by 217.7% during the third quarter. Kestra Advisory Services LLC now owns 776,800 shares of the energy company’s stock valued at $1,095,000 after purchasing an additional 532,300 shares during the period. United Asset Strategies Inc. grew its stake in shares of Big Sky Industrial Inc. Common Stock by 20.4% during the 3rd quarter. United Asset Strategies Inc. now owns 59,015 shares of the energy company’s stock worth $83,000 after acquiring an additional 10,000 shares during the period. State Street Corp purchased a new stake in Big Sky Industrial Inc. Common Stock in the 2nd quarter worth about $137,000. Steamboat Capital Partners LLC purchased a new stake in Big Sky Industrial Inc. Common Stock in the 2nd quarter worth about $2,763,000. Finally, Citadel Advisors LLC bought a new stake in Big Sky Industrial Inc. Common Stock in the 2nd quarter valued at about $105,000. Hedge funds and other institutional investors own 3.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BSIN. Zacks Research upgraded Big Sky Industrial Inc. Common Stock from a “strong sell” rating to a “hold” rating in a research note on Monday, July 13th. Wall Street Zen downgraded Big Sky Industrial Inc. Common Stock from a “hold” rating to a “sell” rating in a research report on Saturday, October 31st. Johnson Rice upgraded Big Sky Industrial Inc. Common Stock from an “accumulate” rating to a “buy” rating and set a $2.00 price target on the stock in a report on Monday, August 17th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Big Sky Industrial Inc. Common Stock in a research report on Friday, September 25th. Two investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $2.75.

About Big Sky Industrial Inc. Common Stock

U.S. Energy Corp., an independent energy company, focuses on the acquisition, exploration, and development of oil and natural gas properties in the United States. It holds interests in various oil and gas properties located in the Rockies region, including Montana, Wyoming, and North Dakota; the Mid-Continent region comprising Oklahoma, Kansas, and North and East Texas; West Texas; South Texas; and the Gulf Coast regions. The company was incorporated in 1966 and is headquartered in Houston, Texas.