Aemetis (NASDAQ:AMTX) Issues Quarterly Earnings Results

Aemetis (NASDAQ:AMTXGet Rating) announced its quarterly earnings results on Thursday. The specialty chemicals company reported ($0.03) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.44) by $0.41, Fidelity Earnings reports. During the same period in the prior year, the business posted ($0.38) earnings per share.

Aemetis Stock Up 24.8 %

AMTX stock opened at $10.18 on Friday. Aemetis has a twelve month low of $4.45 and a twelve month high of $23.33. The stock’s 50 day moving average is $6.33 and its 200-day moving average is $9.05. The firm has a market capitalization of $352.02 million, a PE ratio of -9.01 and a beta of 0.62.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on AMTX. Ascendiant Capital Markets lowered Aemetis to an “outperform” rating and set a $33.00 price target on the stock. in a report on Monday, June 6th. Credit Suisse Group cut their price target on Aemetis from $35.00 to $27.00 and set an “outperform” rating on the stock in a report on Monday, June 13th. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $31.00.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of AMTX. State Street Corp lifted its holdings in shares of Aemetis by 9.6% in the first quarter. State Street Corp now owns 1,998,092 shares of the specialty chemicals company’s stock valued at $25,316,000 after purchasing an additional 175,009 shares in the last quarter. BlackRock Inc. lifted its holdings in shares of Aemetis by 3.3% in the first quarter. BlackRock Inc. now owns 3,086,834 shares of the specialty chemicals company’s stock valued at $39,112,000 after purchasing an additional 99,903 shares in the last quarter. Wellington Management Group LLP lifted its holdings in Aemetis by 25.0% during the first quarter. Wellington Management Group LLP now owns 380,500 shares of the specialty chemicals company’s stock worth $4,821,000 after acquiring an additional 76,100 shares during the period. Vanguard Group Inc. boosted its position in Aemetis by 4.4% in the first quarter. Vanguard Group Inc. now owns 1,574,671 shares of the specialty chemicals company’s stock worth $19,951,000 after purchasing an additional 66,762 shares during the last quarter. Finally, Bank of America Corp DE grew its stake in Aemetis by 207.0% in the 1st quarter. Bank of America Corp DE now owns 78,150 shares of the specialty chemicals company’s stock valued at $991,000 after purchasing an additional 52,690 shares during the period. Institutional investors own 52.75% of the company’s stock.

About Aemetis

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Aemetis, Inc operates as a renewable natural gas and renewable fuels company in North America and India. It operates through three segments: California Ethanol, Dairy Renewable Natural Gas, and India Biodiesel. The company focuses on the acquisition, development, and commercialization of negative carbon intensity products and technologies that replace traditional petroleum-based products.

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Earnings History for Aemetis (NASDAQ:AMTX)

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