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

Clean Energy Fuels (NASDAQ:CLNE) will post its quarterly earnings results after the market closes on Wednesday, November 6th. Analysts expect Clean Energy Fuels to post earnings of ($0.02) per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Clean Energy Fuels (NASDAQ:CLNE) last issued its quarterly earnings data 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 return on equity of 8.75% and a negative net margin of 19.61%. The business had revenue of $97.95 million during the quarter, compared to the consensus estimate of $106.45 million. During the same period in the previous year, the firm posted ($0.07) earnings per share. The business’s revenue was up 8.2% on a year-over-year basis. 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 opened at $2.83 on Monday. The stock’s 50 day moving average price is $2.95 and its 200 day moving average price is $2.76. 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 cap of $632.31 million, a P/E ratio of -8.09 and a beta of 2.12. Clean Energy Fuels has a 12 month low of $2.17 and a 12 month high of $4.13.

Analysts Set New Price Targets

CLNE has been the topic of a number of recent analyst reports. StockNews.com upgraded shares of Clean Energy Fuels to a “sell” rating in a research note on Wednesday, August 14th. Scotiabank boosted their price target on shares of Clean Energy Fuels from $5.00 to $6.00 and gave the stock a “sector outperform” rating in a research report on Tuesday, September 3rd. One analyst has rated the stock with a sell rating, three have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Clean Energy Fuels currently has a consensus rating of “Moderate Buy” and a consensus target price 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.