Clean energy fuels target for unusually large options trades (NASDAQ:CLNE)

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Clean Energy Fuels Corp. (NASDAQ:CLNE – Get Rating) was the recipient of unusually heavy options trading activity on Monday. Stock traders bought 7,766 call options on the company. This is an increase of approximately 181% from the average volume of 2,762 call options.

Clean Energy Fuel Price Performance

CLNE traded down $0.79 on Monday, reaching $5.66. The company had a trading volume of 202,204 shares, compared to an average volume of 3,426,347. Clean Energy Fuels has a one-year low of $4.02 and a one-year high of $9.69. The company has a current ratio of 3.00, a quick ratio of 2.72 and a debt ratio of 0.04. The company has a fifty-day moving average of $6.46 and a 200-day moving average of $5.99. The company has a market capitalization of $1.26 billion, a P/E ratio of -29.05 and a beta of 2.06.

Clean Energy Fuels (NASDAQ:CLNE – Get Rating) last released its quarterly earnings data on Thursday, August 4. The utility provider reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.01. Clean Energy Fuels recorded a negative net margin of 12.19% and a negative return on equity of 4.42%. The company had revenue of $97.22 million in the quarter. As a group, equity research analysts expect Clean Energy Fuels to post -0.16 earnings per share for the current year.

Analysts set new price targets

Several equity analysts have recently commented on CLNE shares. Scotiabank began covering shares of Clean Energy Fuels in a research report on Thursday, September 8. They set an “sector outperform” rating and a price target of $13.00 for the company. Raymond James downgraded shares of Clean Energy Fuels from an “outperforming” rating to a “market performing” rating in a Tuesday, August 16 research note. StockNews.com moved shares of Clean Energy Fuels from a “sell” rating to a “hold” rating in a Thursday, Oct. 6 report. Finally, TheStreet upgraded shares of Clean Energy Fuels from a “d” rating to a “c-” rating in a Wednesday, August 17 report. Two equity research analysts gave the stock a hold rating and five gave the company a buy rating. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $13.90.

Hedge funds weigh on clean energy fuels

Several hedge funds and other institutional investors have recently increased or reduced their stake in CLNE. Price T Rowe Associates Inc. MD increased its holdings of Clean Energy Fuels shares by 4.1% during the second quarter. Price T Rowe Associates Inc. MD now owns 58,077 shares of the utility provider valued at $260,000 after acquiring 2,274 additional shares during the period. West Oak Capital LLC increased its holdings of Clean Energy Fuels shares by 21.8% in the first quarter. West Oak Capital LLC now owns 12,865 shares of the utility provider valued at $102,000 after buying an additional 2,300 shares in the last quarter. American International Group Inc. increased its holdings of Clean Energy Fuels shares by 3.0% in the second quarter. American International Group Inc. now owns 79,351 shares of the utility provider valued at $355,000 after buying 2,325 additional shares in the last quarter. Janney Montgomery Scott LLC increased its holdings of Clean Energy Fuels shares by 13.2% in the second quarter. Janney Montgomery Scott LLC now owns 23,194 shares of the utility provider valued at $114,000 after buying an additional 2,700 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its holdings of Clean Energy Fuels shares by 315.6% in the first quarter. Nisa Investment Advisors LLC now owns 3,740 shares of the utility provider valued at $30,000 after buying an additional 2,840 shares in the last quarter. Institutional investors hold 45.33% of the company’s shares.

Clean Energy Fuels Company Profile

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Clean Energy Fuels Corp. provides natural gas as an alternative fuel for vehicle fleets and related fueling solutions, primarily in the United States and Canada. It provides renewable natural gas (RNG), compressed natural gas (CNG) and liquefied natural gas (LNG) for medium and heavy vehicles; and offers operation and maintenance services for customer stations of public and private vehicle fleets.

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