Insider Buying: Clean Energy Fuels Corp. (NASDAQ:CLNE) CFO Purchases $18,300.00 in Stock

Clean Energy Fuels Corp. (NASDAQ:CLNE) CFO Robert M. Vreeland bought 10,000 shares of the stock in a transaction on Thursday, March 6th. The stock was acquired at an average cost of $1.83 per share, for a total transaction of $18,300.00. Following the acquisition, the chief financial officer now directly owns 636,938 shares in the company, valued at approximately $1,165,596.54. The trade was a 1.60 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Clean Energy Fuels Price Performance

Shares of CLNE stock opened at $1.80 on Friday. The stock has a 50 day moving average of $2.83 and a two-hundred day moving average of $2.87. The company has a current ratio of 3.06, a quick ratio of 2.74 and a debt-to-equity ratio of 0.36. Clean Energy Fuels Corp. has a 12 month low of $1.78 and a 12 month high of $3.67. The company has a market capitalization of $402.49 million, a P/E ratio of -5.81 and a beta of 2.35.

Clean Energy Fuels (NASDAQ:CLNE) last announced its quarterly earnings data on Monday, February 24th. The utilities provider reported $0.02 EPS for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.04. Clean Energy Fuels had a negative return on equity of 7.59% and a negative net margin of 17.32%. The company had revenue of $109.33 million during the quarter, compared to the consensus estimate of $102.60 million. During the same quarter last year, the company earned $0.01 EPS. As a group, equities analysts expect that Clean Energy Fuels Corp. will post -0.33 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have issued reports on CLNE shares. Raymond James reaffirmed a “strong-buy” rating and issued a $4.00 target price (down previously from $5.00) on shares of Clean Energy Fuels in a report on Tuesday, February 25th. StockNews.com lowered Clean Energy Fuels from a “hold” rating to a “sell” rating in a report on Wednesday, February 26th.

Institutional Trading of Clean Energy Fuels

Hedge funds have recently modified their holdings of the company. Balyasny Asset Management L.P. bought a new stake in shares of Clean Energy Fuels in the 4th quarter worth approximately $31,000. Two Sigma Securities LLC bought a new position in shares of Clean Energy Fuels during the 4th quarter worth approximately $31,000. Point72 DIFC Ltd bought a new position in shares of Clean Energy Fuels during the 3rd quarter worth approximately $41,000. Tower Research Capital LLC TRC lifted its position in shares of Clean Energy Fuels by 56.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 13,584 shares of the utilities provider’s stock worth $34,000 after buying an additional 4,894 shares during the period. Finally, Zacks Investment Management bought a new position in shares of Clean Energy Fuels during the 3rd quarter worth approximately $42,000. Institutional investors own 49.94% of the company’s stock.

About Clean Energy Fuels

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.