Insider Selling: Richard A. Frankel Sells 254,323 Shares of SMF Energy Corp Stock (FUEL)
SMF Energy Corp (NASDAQ:FUEL) Insider Richard A. Frankel sold 254,323 shares of the stock in a transaction that occurred on Wednesday, February 5th. The shares were sold at an average price of $58.26, for a total transaction of $14,816,857.98. Following the completion of the sale, the insider now directly owns 1,761,000 shares in the company, valued at approximately $102,595,860. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Several analysts have recently commented on the stock. Analysts at BMO Capital Markets raised their price target on shares of SMF Energy Corp from $50.00 to $58.00 in a research note to investors on Friday, January 31st. Finally, analysts at Needham & Company upgraded shares of SMF Energy Corp from a “buy” rating to a “strong-buy” rating in a research note to investors on Thursday, December 19th. They now have a $75.00 price target on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $61.58.
Shares of SMF Energy Corp (NASDAQ:FUEL) traded down 2.50% on Wednesday, hitting $51.00. The stock had a trading volume of 969,694 shares. SMF Energy Corp has a 1-year low of $37.81 and a 1-year high of $71.89. The stock’s 50-day moving average is $59.95 and its 200-day moving average is $55.85. The company’s market cap is $1.787 billion.
SMF Energy Corp (NASDAQ:FUEL) last issued its quarterly earnings data on Thursday, November 7th. The company reported ($0.16) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.16). The company had revenue of $62.50 million for the quarter, compared to the consensus estimate of $58.84 million. During the same quarter in the previous year, the company posted ($0.12) earnings per share. The company’s revenue for the quarter was up 132.3% on a year-over-year basis. On average, analysts predict that SMF Energy Corp will post $-0.37 earnings per share for the current fiscal year.
SMF Energy Corporation provides petroleum product distribution services, transportation logistics and emergency response services to the trucking, manufacturing, construction, shipping, utility, energy, chemical, telecommunications and government services industries.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.