Equity research analysts expect Clean Energy Fuels Corp. (NASDAQ:CLNE – Get Rating) shows ($0.01) earnings per share (EPS) for the current quarter, reports Zacks Investment Research. Zero analysts made estimates of Clean Energy Fuels earnings. Clean Energy Fuels also reported earnings per share of ($0.01) in the same quarter last year. The company is expected to release its next quarterly results after the market closes on Monday, January 1.
On average, analysts expect Clean Energy Fuels to report full year earnings of ($0.01) per share for the current year, with EPS estimates ranging from ($0.03) to 0 $.01. For the next fiscal year, analysts expect the company to post earnings of $0.10 per share, with EPS estimates ranging from $0.08 to $0.11. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts who track Clean Energy Fuels.
Clean Energy Fuels (NASDAQ:CLNE – Get Rating) last reported quarterly results on Thursday, February 24. The utility provider reported earnings per share (EPS) of $0.03 for the quarter, matching analyst consensus estimates of $0.03. Clean Energy Fuels had a negative return on equity of 0.26% and a negative net margin of 36.44%. The company posted revenue of $91.90 million for the quarter, versus a consensus estimate of $91.16 million. The company’s quarterly revenue increased 22.5% year over year.
A number of brokerages have recently released reports on CLNE. Evercore ISI upgraded Clean Energy Fuels to a “buy” rating and set a price target of $11.00 on the stock in a Friday, February 25 report. Zacks Investment Research downgraded Clean Energy Fuels from a “buy” rating to a “strong sell” rating in a Wednesday, April 13 report. Tudor Pickering upgraded Clean Energy Fuels from a “hold” rating to a “buy” rating in a Thursday, Jan. 27, research report. StockNews.com took over clean energy fuels coverage in a Thursday, March 31 research report. They put a “sell” mark on the stock. Finally, Jonestrading took over clean energy fuels coverage in a Friday, April 8 research report. They set a “buy” rating on the stock. Two equity research analysts rated the stock with a sell rating, one gave the stock a hold rating and five gave the stock a buy rating. According to MarketBeat, Clean Energy Fuels currently has an average rating of “Hold” and a consensus price target of $14.65.
Institutional investors and hedge funds have recently changed their holdings in the company. Alliancebernstein LP increased its position in Clean Energy Fuels shares by 35.4% in the third quarter. Alliancebernstein LP now owns 323,631 shares of the utility provider worth $2,638,000 after buying an additional 84,577 shares last quarter. Yaupon Capital Management LP purchased a new stake in shares of Clean Energy Fuels in Q4 for a value of approximately $2,608,000. HighMark Wealth Management LLC purchased a new stake in shares of Clean Energy Fuels in Q4 for a value of approximately $61,000. Cetera Advisors LLC bought a new stake in shares of Clean Energy Fuels in Q3 for a value of approximately $129,000. Finally, Intelligence Driven Advisers LLC increased its position in Clean Energy Fuels by 300.0% in the 4th quarter. Intelligence Driven Advisers LLC now owns 40,000 shares of the utility provider valued at $254,000 after acquiring an additional 30,000 shares in the last quarter. 41.86% of the shares are currently held by hedge funds and other institutional investors.
NASDAQ:CLNE shares opened at $6.44 on Friday. Clean Energy Fuels has a 1 year minimum of $4.70 and a 1 year maximum of $14.50. The company has a market capitalization of $1.43 billion, a PE ratio of -14.31 and a beta of 1.80. The company has a debt ratio of 0.03, a current ratio of 3.26 and a quick ratio of 3.01. The stock’s 50-day moving average is $7.38 and its 200-day moving average is $7.26.
Clean Energy Fuels Company Profile (Get an evaluation)
Clean Energy Fuels Corp. provides natural gas as an alternative fuel for vehicle fleets and related fueling solutions, primarily in the United States and Canada. It provides renewable natural gas (RNG), compressed natural gas (CNG) and liquefied natural gas (LNG) for medium and heavy vehicles; and offers operation and maintenance services for customer stations of public and private vehicle fleets.
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