Clean Energy Fuels (CLNE) Posts Earnings Results, Misses Estimates By $0.07 EPS

Clean Energy Fuels (CLNE) Posts Earnings Results, Misses Estimates By $0.07 EPS

Clean Energy Fuels (CLNE) Posts Earnings Results, Misses Estimates By $0.07 EPS

Two analysts have issued estimates for Clean Energy Fuels' earnings, with the highest sales estimate coming in at $88.10 million and the lowest estimate coming in at $82.60 million. Clean Energy Fuels had a negative net margin of 15.47% and a negative return on equity of 10.52%.

Clean Energy Fuels (NASDAQ:CLNE) will post its quarterly earnings results after the market closes on Tuesday, March 13th. For the quarter ending Jun-18, 2 analysts have a mean sales target of 81.40 million whilst for the year ending Dec-18, 3 analysts have a mean target of 346.67 million. ValuEngine lowered shares of Clean Energy Fuels from a "sell" rating to a "strong sell" rating in a research note on Tuesday, November 7th. BidaskClub cut shares of Clean Energy Fuels from a "sell" rating to a "strong sell" rating in a report on Tuesday, January 9th. BlueCrest Capital Management Ltd now owns 45,868 shares of the utilities provider's stock valued at $117,000 after buying an additional 33,768 shares in the last quarter. Voya Investment Management LLC lifted its stake in shares of Clean Energy Fuels by 44.0% in the second quarter. During the same quarter a year ago, the company posted ($0.02) earnings per share. Parametric Portfolio Associates LLC now owns 75,095 shares of the utilities provider's stock valued at $191,000 after buying an additional 44,728 shares in the last quarter.

Shares of Clean Energy Fuels (NASDAQ:CLNE) opened at $1.48 on Friday. Dimensional Fund Advisors, Inc.is the second biggest holder with 9 million shares now valued at 17.65 million whilst BlackRock Institutional Trust Company NA has 3 million shares valued at 7.69 million. Clean Energy Fuels has a 1-year low of $1.31 and a 1-year high of $3.05. The stock exchanged hands 1.47 Million shares versus average trading capacity of 1.27 Million shares, yielding a market cap of $211.42 Million.

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The lower effective price per gallon was largely attributable to the effects of the company's sale of certain assets related to the upstream production portion of its renewable natural gas (RNG) business to BP Products North America Inc.in the first quarter of 2017, which has resulted in decreased revenue from the sale of certain tradable credits the company generates by selling compressed natural gas (CNG), liquefied natural gas (CNG) and its Redeem RNG vehicle fuel.