Stabilis Solutions (NASDAQ:SLNG) Earns "Sell (D)" Rating from Weiss Ratings

Key Points

• Weiss Ratings has reaffirmed a "Sell (D)" rating for Stabilis Solutions (NASDAQ:SLNG), reflecting a negative outlook from equity researchers.
• Maxim Group has reduced its target price for Stabilis Solutions from $12.00 to $10.00, while the stock currently holds a consensus rating of "Hold" with an average target price of $10.00.
• Stabilis Solutions reported a quarterly loss with earnings per share (EPS) of ($0.03), missing the consensus estimate of $0.01, and revenue also fell short of expectations at $17.31 million.

Stabilis Solutions (NASDAQ:SLNG - Get Free Report)'s stock had its "sell (d)" rating reaffirmed by equities researchers at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Separately, Maxim Group reduced their target price on shares of Stabilis Solutions from $12.00 to $10.00 and set a "buy" rating for the company in a report on Monday, August 11th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $10.00.

Stabilis Solutions Trading Down 7.3%

Stabilis Solutions stock opened at $4.71 on Wednesday. The firm has a 50 day simple moving average of $4.24 and a 200-day simple moving average of $4.77. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.57 and a quick ratio of 1.56. The stock has a market capitalization of $87.61 million, a PE ratio of 117.78 and a beta of 0.14. Stabilis Solutions has a 12-month low of $3.29 and a 12-month high of $8.28.

Stabilis Solutions (NASDAQ:SLNG - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The company reported ($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.04). The company had revenue of $17.31 million during 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%.

Hedge Funds Weigh In On Stabilis Solutions

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC acquired a new position in Stabilis Solutions in the 2nd quarter worth approximately $83,000. Russell Investments Group Ltd. acquired a new stake in shares of Stabilis Solutions during the 1st quarter valued at $225,000. Finally, Ancora Advisors LLC boosted its stake in shares of Stabilis Solutions by 803.7% during the 1st quarter. Ancora Advisors LLC now owns 61,391 shares of the company's stock valued at $298,000 after buying an additional 54,598 shares during the period. Institutional investors and hedge funds own 3.81% of the company's stock.

Stabilis Solutions Company Profile

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.

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