Verde Clean Fuels (NASDAQ:VGAS) Posts Earnings Results

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

Verde Clean Fuels Trading Down 7.5%

NASDAQ:VGAS traded down $0.10 on Monday, hitting $1.24. The company’s stock had a trading volume of 51,697 shares, compared to its average volume of 98,500. Verde Clean Fuels has a one year low of $0.92 and a one year high of $3.39. The firm has a market capitalization of $55.24 million, a P/E ratio of -3.54 and a beta of -0.31. The stock has a fifty day moving average of $1.25 and a two-hundred day moving average of $1.53.

Institutional Investors Weigh In On Verde Clean Fuels

A hedge fund recently bought a new position in Verde Clean Fuels stock. Creative Planning acquired a new stake in Verde Clean Fuels, Inc. (NASDAQ:VGAS) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,001 shares of the company’s stock, valued at approximately $34,000. 15.61% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Weiss Ratings reiterated a “sell (e+)” rating on shares of Verde Clean Fuels in a research note on Friday, July 17th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock currently has an average rating of “Sell”.

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.