Clean Energy Fuels (NASDAQ:CLNE) Announces Quarterly Earnings Results

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) issued its quarterly earnings data on Monday. The utilities provider reported $0.02 earnings per share for the quarter, topping 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 business had revenue of $109.33 million for the quarter, compared to analyst estimates of $102.60 million. During the same quarter in the previous year, the company posted $0.01 EPS.

Clean Energy Fuels Stock Up 4.4 %

Shares of Clean Energy Fuels stock traded up $0.09 on Thursday, hitting $2.03. The company had a trading volume of 2,071,003 shares, compared to its average volume of 3,077,964. The stock has a 50 day moving average of $2.92 and a 200-day moving average of $2.94. Clean Energy Fuels has a 1 year low of $1.81 and a 1 year high of $3.67. The stock has a market capitalization of $452.50 million, a price-to-earnings ratio of -6.53 and a beta of 2.18. 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

CLNE has been the topic of several research analyst reports. StockNews.com lowered Clean Energy Fuels from a "hold" rating to a "sell" rating in a research report on Wednesday. Raymond James restated a "strong-buy" rating and set a $4.00 target price (down previously from $5.00) on shares of Clean Energy Fuels in a research report on Tuesday.

Insider Buying and Selling at Clean Energy Fuels

In other Clean Energy Fuels news, CFO Robert M. Vreeland acquired 15,000 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were bought 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 of the company's stock, valued at approximately $890,072. This represents a 3.38 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.60% of the stock is owned by corporate insiders.

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.