Lake Street Capital Lowers Clean Energy Fuels (NASDAQ:CLNE) Price Target to $5.00

Clean Energy Fuels (NASDAQ:CLNE) had its price target reduced by stock analysts at Lake Street Capital from $22.00 to $5.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the utilities provider’s stock. Lake Street Capital’s price objective suggests a potential upside of 212.50% from the stock’s previous close.

Several other research analysts have also weighed in on CLNE. StockNews.com lowered Clean Energy Fuels from a “hold” rating to a “sell” rating in a research report on Wednesday, February 26th. UBS Group set a $2.00 target price on shares of Clean Energy Fuels and gave the stock a “buy” rating in a report on Sunday, April 13th. Scotiabank cut their price target on shares of Clean Energy Fuels from $6.00 to $4.00 and set a “sector outperform” rating for the company in a research note on Friday, April 11th. Finally, Raymond James restated a “strong-buy” rating and set a $4.00 price objective (down from $5.00) on shares of Clean Energy Fuels in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $3.75.

Clean Energy Fuels Stock Performance

Shares of CLNE stock opened at $1.60 on Friday. The firm has a market cap of $358.34 million, a PE ratio of -5.16 and a beta of 2.57. Clean Energy Fuels has a 12 month low of $1.30 and a 12 month high of $3.67. The company’s fifty day simple moving average is $1.58 and its 200-day simple moving average is $2.41. The company has a quick ratio of 2.74, a current ratio of 3.06 and a debt-to-equity ratio of 0.36.

Clean Energy Fuels (NASDAQ:CLNE) last posted its quarterly earnings data on Thursday, May 8th. The utilities provider reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.20) by $0.21. The company had revenue of $103.76 million during the quarter, compared to the consensus estimate of $96.61 million. Clean Energy Fuels had a negative net margin of 17.32% and a negative return on equity of 7.59%. The company’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the business posted ($0.01) EPS. Equities research analysts expect that Clean Energy Fuels will post -0.33 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Robert M. Vreeland bought 15,000 shares of the firm’s stock in a transaction dated Wednesday, February 26th. The shares were bought at an average price of $1.94 per share, with a total value 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 $890,072. This trade represents a 3.38 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders purchased a total of 35,000 shares of company stock valued at $64,100 over the last ninety days. 4.30% of the stock is currently owned by company insiders.

Institutional Trading of Clean Energy Fuels

Several institutional investors have recently added to or reduced their stakes in CLNE. Two Sigma Securities LLC acquired a new stake in shares of Clean Energy Fuels during the fourth quarter worth $31,000. Balyasny Asset Management L.P. acquired a new stake in Clean Energy Fuels in the 4th quarter worth about $31,000. Tower Research Capital LLC TRC raised its stake in Clean Energy Fuels by 56.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 13,584 shares of the utilities provider’s stock worth $34,000 after purchasing an additional 4,894 shares in the last quarter. Teacher Retirement System of Texas bought a new stake in Clean Energy Fuels in the 1st quarter valued at about $38,000. Finally, Cibc World Markets Corp acquired a new position in shares of Clean Energy Fuels during the 4th quarter worth approximately $40,000. 49.94% of the stock is currently owned by institutional investors.

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.