Archaea Energy Inc. (NYSE:LFG – Get Rating) – Stock analysts at Capital One Financial dropped their FY2022 earnings per share estimates for shares of Archaea Energy in a research report issued on Tuesday, April 12th. Capital One Financial analyst R. Tullis now forecasts that the company will post earnings per share of $0.52 for the year, down from their prior forecast of $0.82. Capital One Financial also issued estimates for Archaea Energy’s FY2023 earnings at $1.18 EPS.
A number of other equities research analysts also recently weighed in on the stock. Stifel Nicolaus assumed coverage on shares of Archaea Energy in a research report on Monday, March 7th. They issued a “buy” rating and a $37.00 price target for the company. Zacks Investment Research cut shares of Archaea Energy from a “hold” rating to a “sell” rating in a research note on Friday, April 8th. Finally, Citigroup decreased their target price on shares of Archaea Energy from $31.00 to $29.00 in a research note on Tuesday, January 18th. One analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Archaea Energy has a consensus rating of “Buy” and a consensus target price of $27.60.
Archaea Energy (NYSE:LFG – Get Rating) last posted its quarterly earnings results on Thursday, March 17th. The company reported $0.04 EPS for the quarter, hitting analysts’ consensus estimates of $0.04. The business had revenue of $58.36 million for the quarter, compared to the consensus estimate of $46.05 million.
In other Archaea Energy news, Director Renewable Energy Systems Aria sold 14,942,643 shares of the company’s stock in a transaction on Friday, March 25th. The shares were sold at an average price of $17.04, for a total transaction of $254,622,636.72. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.
A number of institutional investors and hedge funds have recently modified their holdings of LFG. PNC Financial Services Group Inc. bought a new stake in Archaea Energy during the third quarter valued at $38,000. Citigroup Inc. acquired a new position in shares of Archaea Energy during the third quarter valued at about $89,000. Penserra Capital Management LLC acquired a new position in shares of Archaea Energy during the third quarter valued at about $124,000. JPMorgan Chase & Co. raised its holdings in shares of Archaea Energy by 2,693.3% during the fourth quarter. JPMorgan Chase & Co. now owns 7,486 shares of the company’s stock valued at $137,000 after purchasing an additional 7,218 shares during the period. Finally, Waldron Private Wealth LLC acquired a new position in shares of Archaea Energy during the third quarter valued at about $189,000. 82.20% of the stock is currently owned by institutional investors and hedge funds.
Archaea Energy Company Profile (Get Rating)
Archaea Energy Inc operates as a renewable natural gas (RNG) and renewable electricity producer in the United States. It owns and operates a diversified portfolio of 23 landfill gas recovery and processing projects across 12 states, including 13 projects that collectively generate approximately 177.3 MW of electric capacity and 10 projects that have capacity to produce approximately 27,480 million of British thermal units per day of pipeline-quality RNG.
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