Stabilis Solutions (NASDAQ:SLNG) Announces Earnings Results

Key Points

• EPS miss: Stabilis reported Q1 EPS of ($0.22) versus consensus ($0.04), missing by $0.18 and showing a negative return on equity (2.05%) and net margin (1.98%).
• Shares rose to $4.31 on Wednesday on above-average volume (33,259 vs. avg. 25,879), trading within a 52-week range of $3.21 to $6.36.
• Analyst sentiment has turned cautious — Maxim cut its rating to "Hold" and the consensus is "Reduce" with a $10.00 price target, while institutional ownership remains low at about 3.81%.

Stabilis Solutions (NASDAQ:SLNG - Get Free Report) posted its quarterly earnings results on Wednesday. The company reported ($0.22) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.18), Zacks reports. Stabilis Solutions had a negative return on equity of 2.05% and a negative net margin of 1.98%.

Stabilis Solutions Stock Performance

Shares of NASDAQ:SLNG traded up $0.21 during trading on Wednesday, hitting $4.31. 33,259 shares of the stock traded hands, compared to its average volume of 25,879. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.30 and a quick ratio of 1.26. The company has a fifty day moving average price of $4.15 and a two-hundred day moving average price of $4.63. Stabilis Solutions has a 52-week low of $3.21 and a 52-week high of $6.36.

Analyst Ratings Changes

Separately, Maxim Group lowered shares of Stabilis Solutions from a "buy" rating to a "hold" rating in a report on Wednesday, March 4th. One equities research analyst has rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Stabilis Solutions presently has a consensus rating of "Reduce" and a consensus price target of $10.00.

Hedge Funds Weigh In On Stabilis Solutions

Several institutional investors have recently made changes to their positions in the company. Ancora Advisors LLC increased its holdings in shares of Stabilis Solutions by 32.3% during the 3rd quarter. Ancora Advisors LLC now owns 84,849 shares of the company's stock valued at $370,000 after purchasing an additional 20,718 shares in the last quarter. Russell Investments Group Ltd. grew its stake in Stabilis Solutions by 30.2% in the 4th quarter. Russell Investments Group Ltd. now owns 74,247 shares of the company's stock valued at $338,000 after acquiring an additional 17,213 shares during the period. Citadel Advisors LLC grew its stake in Stabilis Solutions by 37.7% in the 3rd quarter. Citadel Advisors LLC now owns 19,146 shares of the company's stock valued at $83,000 after acquiring an additional 5,238 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in Stabilis Solutions by 13.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 18,523 shares of the company's stock valued at $81,000 after acquiring an additional 2,207 shares during the period. 3.81% of the stock is owned by hedge funds and other institutional investors.

Stabilis Solutions Company Profile

Stabilis Solutions NASDAQ: SLNG is a U.S.-based marketer and distributor of cryogenic liquid products and liquefied natural gas (LNG). The company operates a nationwide network of terminals and bulk delivery assets, supplying industrial gases such as liquid oxygen, nitrogen and argon, as well as specialty products including carbon dioxide and hydrogen. Stabilis Solutions serves a broad array of end markets—from food and beverage processing to environmental applications and power generation—by ensuring a reliable chain of custody from production to point of use.

In addition to its cryogenic gas portfolio, Stabilis Solutions has developed a growing LNG business, providing clean-fuel solutions for heavy-duty transportation and on-site energy needs.

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