Clean Energy Fuels (NASDAQ:CLNE) Issues Earnings Results, Beats Expectations By $0.04 EPS

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) announced its quarterly earnings data on Monday. The utilities provider reported $0.02 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.02) by $0.04, RTT News reports. Clean Energy Fuels had a negative return on equity of 7.59% and a negative net margin of 17.32%. The company had revenue of $109.33 million for the quarter, compared to the consensus estimate of $102.60 million. During the same period in the previous year, the business earned $0.01 EPS.

Clean Energy Fuels Stock Up 4.1 %

Shares of Clean Energy Fuels stock traded up $0.08 during trading hours on Thursday, reaching $2.02. The company's stock had a trading volume of 3,294,519 shares, compared to its average volume of 3,112,072. The company has a market capitalization of $451.38 million, a P/E ratio of -6.52 and a beta of 2.18. The stock's fifty day simple moving average is $2.92 and its two-hundred day simple moving average is $2.94. Clean Energy Fuels has a one year low of $1.81 and a one year high of $3.67. The company has a debt-to-equity ratio of 0.36, a quick ratio of 2.74 and a current ratio of 3.06.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Raymond James reaffirmed a "strong-buy" rating and set a $4.00 price objective (down previously from $5.00) on shares of Clean Energy Fuels in a research report on Tuesday. StockNews.com downgraded shares of Clean Energy Fuels from a "hold" rating to a "sell" rating in a research note on Wednesday.

Insider Transactions at Clean Energy Fuels

In other news, CFO Robert M. Vreeland purchased 15,000 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The shares were bought at an average cost of $1.94 per share, with a total value of $29,100.00. Following the completion of the transaction, the chief financial officer now directly owns 458,800 shares of the company's stock, valued at approximately $890,072. This trade represents a 3.38 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.60% of the stock is currently owned by insiders.

About Clean Energy Fuels

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.