Insider Selling: Warren Mitchell Sells 3,000 Shares of Clean Energy Fuels Corp. Stock (CLNE)
Clean Energy Fuels Corp. (NASDAQ:CLNE) Director Warren Mitchell unloaded 3,000 shares of Clean Energy Fuels Corp. stock on the open market in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $12.81, for a total transaction of $38,430.00. Following the completion of the sale, the director now directly owns 40,100 shares in the company, valued at approximately $513,681. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Separately, analysts at Piper Jaffray reiterated a “sell” rating on shares of Clean Energy Fuels Corp. in a research note to investors on Tuesday, October 8th. They now have a $4.50 price target on the stock, down previously from $9.50. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $13.83.
Clean Energy Fuels Corp. (NASDAQ:CLNE) traded down 0.55% during mid-day trading on Friday, hitting $12.71. The stock had a trading volume of 766,830 shares. Clean Energy Fuels Corp. has a 1-year low of $10.63 and a 1-year high of $14.82. The stock has a 50-day moving average of $12.53 and a 200-day moving average of $12.55. The company’s market cap is $1.136 billion.
Clean Energy Fuels Corp. (NASDAQ:CLNE) last announced its earnings results on Thursday, November 7th. The company reported ($0.16) EPS for the quarter, beating the Thomson Reuters consensus estimate of ($0.21) by $0.05. The company had revenue of $86.30 million for the quarter, compared to the consensus estimate of $87.48 million. During the same quarter in the previous year, the company posted ($0.19) earnings per share. The company’s revenue for the quarter was down 5.7% on a year-over-year basis. Analysts expect that Clean Energy Fuels Corp. will post $-0.36 EPS for the current fiscal year.
Clean Energy Fuels Corp., incorporated in April 2001, is a provider of natural gas as an alternative fuel for vehicle fleets in the United States and Canada, based on the number of stations operated and the amount of gasoline gallon equivalents of compressed natural gas (NASDAQ:CLNE), and liquefied natural gas (LNG), delivered.
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