Robert M. Vreeland Purchases 15,000 Shares of Clean Energy Fuels Corp. (NASDAQ:CLNE) Stock

Clean Energy Fuels Corp. (NASDAQ:CLNE - Get Free Report) CFO Robert M. Vreeland bought 15,000 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were acquired at an average price of $1.94 per share, for a total transaction of $29,100.00. Following the completion of the transaction, the chief financial officer now owns 458,800 shares in the company, valued at $890,072. This trade represents a 3.38 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Clean Energy Fuels Trading Up 1.0 %

Clean Energy Fuels stock traded up $0.02 during mid-day trading on Friday, hitting $2.04. 2,946,195 shares of the stock were exchanged, compared to its average volume of 3,107,937. The company has a quick ratio of 2.74, a current ratio of 3.06 and a debt-to-equity ratio of 0.36. Clean Energy Fuels Corp. has a 12 month low of $1.81 and a 12 month high of $3.67. The firm's fifty day simple moving average is $2.90 and its two-hundred day simple moving average is $2.92. The stock has a market capitalization of $456.15 million, a price-to-earnings ratio of -6.58 and a beta of 2.18.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last released its quarterly earnings data on Monday, February 24th. The utilities provider reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.04. The company had revenue of $109.33 million during the quarter, compared to analyst estimates of $102.60 million. Clean Energy Fuels had a negative net margin of 17.32% and a negative return on equity of 7.59%. During the same quarter in the previous year, the business posted $0.01 EPS. Analysts forecast that Clean Energy Fuels Corp. will post -0.33 EPS for the current year.

Analysts Set New Price Targets

Several research firms have issued reports on CLNE. StockNews.com lowered shares of Clean Energy Fuels from a "hold" rating to a "sell" rating in a report on Wednesday. Raymond James restated a "strong-buy" rating and set a $4.00 price target (down previously from $5.00) on shares of Clean Energy Fuels in a report on Tuesday, February 25th.

Institutional Trading of Clean Energy Fuels

Hedge funds have recently modified their holdings of the stock. Two Sigma Securities LLC bought a new stake in shares of Clean Energy Fuels in the 4th quarter valued at $31,000. Balyasny Asset Management L.P. bought a new stake in shares of Clean Energy Fuels in the 4th quarter valued at $31,000. Tower Research Capital LLC TRC increased its stake in shares of Clean Energy Fuels by 56.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 13,584 shares of the utilities provider's stock valued at $34,000 after acquiring an additional 4,894 shares in the last quarter. Cibc World Markets Corp bought a new stake in shares of Clean Energy Fuels in the 4th quarter valued at $40,000. Finally, Point72 DIFC Ltd bought a new stake in shares of Clean Energy Fuels in the 3rd quarter valued at $41,000. Institutional investors own 49.94% of the company's stock.

Clean Energy Fuels Company Profile

Clean Energy Fuels Corp. provides natural gas as alternative fuels for vehicle fleets and related fueling solutions in the United States and Canada. It supplies renewable natural gas (RNG), compressed natural gas (CNG), and liquefied natural gas (LNG) for medium and heavy-duty vehicles; and offers operation and maintenance services for public and private vehicle fleet customer stations.