Maxim Group Issues Pessimistic Forecast for Stabilis Solutions (NASDAQ:SLNG) Stock Price

Key Points

• Maxim Group has lowered its price target for Stabilis Solutions (NASDAQ:SLNG) from $12.00 to $10.00, while maintaining a "buy" rating, indicating a potential upside of 109.82% from the current stock price.
• Stabilis Solutions reported a loss of $0.03 per share for the last quarter, falling short of analysts' expectations of a $0.01 profit and posting revenue of $17.31 million, below the forecast of $20.20 million.
• Institutional investors have recently increased their investments in Stabilis Solutions, with significant acquisitions including Northern Trust Corp expanding its stake by 82.9%.

Stabilis Solutions (NASDAQ:SLNG - Get Free Report) had its price objective cut by investment analysts at Maxim Group from $12.00 to $10.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Maxim Group's price objective suggests a potential upside of 109.82% from the stock's current price.

Stabilis Solutions Trading Up 7.1%

NASDAQ SLNG traded up $0.32 during trading on Monday, hitting $4.77. 9,630 shares of the company's stock traded hands, compared to its average volume of 9,415. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.57 and a quick ratio of 1.56. Stabilis Solutions has a 12-month low of $3.71 and a 12-month high of $8.28. The stock has a fifty day moving average of $4.95 and a two-hundred day moving average of $5.39. The firm has a market cap of $88.65 million, a P/E ratio of 119.18 and a beta of 0.20.

Stabilis Solutions (NASDAQ:SLNG - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported ($0.03) earnings per share for the quarter, missing analysts' consensus estimates of $0.01 by ($0.04). The business had revenue of $17.31 million for the quarter, compared to the consensus estimate of $20.20 million. Stabilis Solutions had a net margin of 1.28% and a return on equity of 1.35%.

Institutional Investors Weigh In On Stabilis Solutions

Institutional investors have recently made changes to their positions in the stock. Ancora Advisors LLC acquired a new stake in Stabilis Solutions during the 4th quarter worth $36,000. Renaissance Technologies LLC acquired a new position in Stabilis Solutions during the fourth quarter valued at approximately $56,000. Dimensional Fund Advisors LP grew its holdings in Stabilis Solutions by 12.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 14,310 shares of the company's stock valued at $77,000 after purchasing an additional 1,531 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Stabilis Solutions in the second quarter worth $83,000. Finally, Northern Trust Corp increased its stake in Stabilis Solutions by 82.9% during the fourth quarter. Northern Trust Corp now owns 39,879 shares of the company's stock valued at $213,000 after purchasing an additional 18,077 shares during the last quarter. 3.81% of the stock is currently owned by institutional investors and hedge funds.

About Stabilis Solutions

Stabilis Solutions, Inc, together with its subsidiaries, an energy transition company, provides clean energy production, storage, transportation, and fueling solutions primarily using liquefied natural gas (LNG) to various end markets in North America. The company offers LNG solutions to customers in aerospace, agriculture, energy, industrial, marine bunkering, mining, pipeline, remote power, and utility markets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.