SMF Energy Corp (FUEL) Releases Quarterly Earnings, Beats Expectations By $0.05 EPS
SMF Energy Corp (NASDAQ:FUEL) issued its quarterly earnings data on Thursday. The company reported $0.06 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.01 by $0.05, AmericanBankingNews.com reports. The company had revenue of $85.60 million for the quarter, compared to the consensus estimate of $81.73 million.
A number of analysts have recently weighed in on FUEL shares. Analysts at Goldman Sachs initiated coverage on shares of SMF Energy Corp in a research note on Monday, February 10th. They set a “buy” rating and a $69.00 price target on the stock. On the ratings front, 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 on Friday, January 31st. Finally, analysts at BMO Capital Markets downgraded shares of SMF Energy Corp from an “outperform” rating to a “market perform” rating in a research note on Friday, January 17th. They now have a $50.00 price target on the stock, down previously from $66.89. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, one has given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. SMF Energy Corp presently has an average rating of “Buy” and an average price target of $62.81.
SMF Energy Corp (NASDAQ:FUEL) traded down 0.04% on Thursday, hitting $52.77. The stock had a trading volume of 680,223 shares. SMF Energy Corp has a 52 week low of $37.81 and a 52 week high of $71.89. The stock has a 50-day moving average of $58.2 and a 200-day moving average of $55.48. The company’s market cap is $1.849 billion.
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.