Stabilis Solutions (NASDAQ:SLNG) Announces Quarterly Earnings Results

Stabilis Solutions (NASDAQ:SLNG) released its quarterly earnings data on Wednesday. The company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.02, FiscalAI reports. The firm had revenue of $14.84 million for the quarter, compared to analyst estimates of $15.36 million. Stabilis Solutions had a negative net margin of 14.06% and a negative return on equity of 12.33%.

Stabilis Solutions Stock Down 11.3%

Shares of SLNG stock traded down $0.49 on Wednesday, hitting $3.83. The stock had a trading volume of 54,953 shares, compared to its average volume of 36,631. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.59 and a quick ratio of 1.57. The business has a 50 day moving average of $5.13 and a 200 day moving average of $4.65. Stabilis Solutions has a 12-month low of $3.21 and a 12-month high of $7.07. The stock has a market cap of $71.24 million, a price-to-earnings ratio of -9.12 and a beta of -0.15.

Insiders Place Their Bets

In other news, Director Edward Kuntz acquired 5,000 shares of Stabilis Solutions stock in a transaction on Wednesday, September 9th. The stock was acquired at an average cost of $5.41 per share, with a total value of $27,050.00. Following the transaction, the director owned 74,839 shares of the company’s stock, valued at approximately $404,878.99. This trade represents a 7.16% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 72.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded shares of Stabilis Solutions from a “sell (d)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Reduce”.

About Stabilis Solutions

Stabilis Solutions, Inc (NASDAQ: SLNG) is an energy company focused on the production, distribution and use of liquefied natural gas (LNG). The company supplies LNG as an alternative fuel for customers that require reliable energy while seeking to reduce their reliance on diesel, fuel oil and other conventional fuels.

Stabilis provides LNG through its production and distribution infrastructure, supported by transportation, storage and fueling capabilities. Its services are designed for a range of applications, including industrial operations, power generation, marine transportation and heavy-duty vehicle fleets.