Clean Energy Fuels Corp Director Buys $205,400 in Stock (CLNE)
Clean Energy Fuels Corp (NASDAQ:CLNE) Director Warren I. Mitchell purchased 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 4th. The shares were purchased at an average cost of $10.27 per share, for a total transaction of $205,400.00. Following the completion of the purchase, the director now directly owns 60,100 shares in the company, valued at approximately $617,227. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on CLNE. Analysts at Morgan Stanley initiated coverage on shares of Clean Energy Fuels Corp in a research note on Thursday, May 29th. They set an “overweight” rating and a $14.00 price target on the stock. Analysts at Zacks upgraded shares of Clean Energy Fuels Corp from an “underperform” rating to a “neutral” rating in a research note on Monday, April 14th. They now have a $8.90 price target on the stock. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $11.49.
Clean Energy Fuels Corp (NASDAQ:CLNE) traded up 4.28% on Thursday, hitting $10.73. The stock had a trading volume of 1,587,740 shares. Clean Energy Fuels Corp has a 1-year low of $8.27 and a 1-year high of $14.05. The stock has a 50-day moving average of $9.62 and a 200-day moving average of $10.54. The company’s market cap is $964.2 million.
Clean Energy Fuels Corp (NASDAQ:CLNE) last posted its quarterly earnings results on Thursday, May 8th. The company reported ($0.30) EPS for the quarter, meeting the Thomson Reuters consensus estimate of ($0.30). The company had revenue of $95.30 million for the quarter, compared to the consensus estimate of $89.95 million. During the same quarter in the prior year, the company posted $0.03 earnings per share. The company’s quarterly revenue was up 2.4% on a year-over-year basis. On average, analysts predict that Clean Energy Fuels Corp will post $-1.10 earnings per share for the current fiscal year.
Clean Energy Fuels Corp. 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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