Archaea Energy Inc. operates as a renewable natural gas (RNG) and renewable electricity producer in the United States. It owns and operates a diversified portfolio of 23 landfill gas recovery and processing projects across 12 states, including 13 projects that collectively generate approximately 177.3 MW of electric capacity and 10 projects that have capacity to produce approximately 27,480 million of British thermal units per day of pipeline-quality RNG. The company was founded in 2018 and is based in Houston, Texas.
Archaea Energy Stock Performance
NYSE:LFG traded up $0.76 on Wednesday, hitting $20.00. 1,768,923 shares of the stock were exchanged, compared to its average volume of 1,154,582. Archaea Energy has a 52 week low of $12.59 and a 52 week high of $23.75. The company's 50-day moving average price is $16.60 and its 200 day moving average price is $18.68.
Archaea Energy (NYSE:LFG - Get Rating) last announced its quarterly earnings results on Tuesday, August 16th. The company reported ($0.58) EPS for the quarter, missing analysts' consensus estimates of $0.15 by ($0.73). Equities analysts predict that Archaea Energy will post 0.72 earnings per share for the current year.
Analyst Upgrades and Downgrades
Separately, Barclays started coverage on Archaea Energy in a report on Friday, June 17th. They set an "overweight" rating and a $26.00 price objective for the company. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Archaea Energy has a consensus rating of "Buy" and a consensus target price of $28.80.