Clean Energy Fuels (CLNE) Scheduled to Post Earnings on Wednesday

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) will issue its quarterly earnings data after the market closes on Wednesday, November 6th. Analysts expect the company to announce earnings of ($0.02) per share for the quarter. Individual interested in participating in the company's earnings conference call can do so using this link.

Clean Energy Fuels (NASDAQ:CLNE - Get Free Report) last announced its earnings results on Wednesday, August 7th. The utilities provider reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.04) by $0.05. Clean Energy Fuels had a negative net margin of 19.61% and a negative return on equity of 8.75%. The company had revenue of $97.95 million during the quarter, compared to analyst estimates of $106.45 million. During the same period in the previous year, the business earned ($0.07) earnings per share. The firm's quarterly revenue was up 8.2% compared to the same quarter last year. On average, analysts expect Clean Energy Fuels to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

Clean Energy Fuels Price Performance

CLNE stock traded down $0.08 during mid-day trading on Wednesday, hitting $2.83. 1,542,888 shares of the stock were exchanged, compared to its average volume of 1,567,036. The company has a debt-to-equity ratio of 0.36, a current ratio of 3.17 and a quick ratio of 2.82. The stock has a market capitalization of $632.30 million, a price-to-earnings ratio of -8.31 and a beta of 2.12. The business has a fifty day moving average price of $2.97 and a 200 day moving average price of $2.75. Clean Energy Fuels has a 12 month low of $2.17 and a 12 month high of $4.13.

Analyst Upgrades and Downgrades

A number of research analysts have commented on CLNE shares. StockNews.com upgraded shares of Clean Energy Fuels to a "sell" rating in a research report on Wednesday, August 14th. Scotiabank lifted their price objective on Clean Energy Fuels from $5.00 to $6.00 and gave the stock a "sector outperform" rating in a report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Clean Energy Fuels currently has a consensus rating of "Moderate Buy" and a consensus price target of $5.38.

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.