FutureFuel (NYSE:FF – Get Rating) was downgraded by StockNews.com from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.
NYSE:FF opened at $7.19 on Thursday. The business’s 50-day moving average price is $9.40 and its 200 day moving average price is $8.34. The firm has a market cap of $314.66 million, a P/E ratio of 13.83 and a beta of 0.77. FutureFuel has a 52-week low of $6.15 and a 52-week high of $16.05.
FutureFuel (NYSE:FF – Get Rating) last released its earnings results on Tuesday, March 15th. The energy company reported $0.51 earnings per share (EPS) for the quarter. The firm had revenue of $107.07 million for the quarter. FutureFuel had a return on equity of 8.39% and a net margin of 7.03%.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Connors Investor Services Inc. increased its stake in FutureFuel by 7.1% in the 1st quarter. Connors Investor Services Inc. now owns 30,000 shares of the energy company’s stock worth $292,000 after purchasing an additional 2,000 shares in the last quarter. Walleye Capital LLC purchased a new position in FutureFuel in the 1st quarter worth about $187,000. Jane Street Group LLC boosted its position in FutureFuel by 143.5% during the 1st quarter. Jane Street Group LLC now owns 25,301 shares of the energy company’s stock worth $246,000 after acquiring an additional 14,909 shares during the period. Guggenheim Capital LLC acquired a new stake in FutureFuel during the 1st quarter worth about $139,000. Finally, Goldman Sachs Group Inc. boosted its position in FutureFuel by 141.8% during the 1st quarter. Goldman Sachs Group Inc. now owns 352,731 shares of the energy company’s stock worth $3,432,000 after acquiring an additional 206,869 shares during the period. 46.74% of the stock is currently owned by hedge funds and other institutional investors.
FutureFuel Company Profile (Get Rating)
FutureFuel Corp., through its subsidiary, FutureFuel Chemical Company, manufactures and sells diversified chemical, bio-based fuel, and bio-based specialty chemical products in the United States. The company operates through two segments, Chemicals and Biofuels. The Chemicals segment provides various custom chemicals that are used in the agricultural chemical, coatings, chemical intermediates, industrial and consumer cleaning, oil and gas, and specialty polymers industries; and performance chemicals, such as polymer modifiers, glycerin products, and various specialty chemicals and solvents.
