HC Wainwright Raises FutureFuel (NYSE:FF) Price Target to $0.80

FutureFuel (NYSE:FF) had its target price increased by HC Wainwright from $0.70 to $0.80 in a report published on Tuesday, Benzinga reports. HC Wainwright currently has a buy rating on the energy company’s stock.

Separately, StockNews.com lowered FutureFuel from a buy rating to a hold rating in a research note on Monday, May 13th.

FutureFuel Stock Performance

FF opened at $5.01 on Tuesday. FutureFuel has a 1 year low of $4.92 and a 1 year high of $10.31. The company’s 50 day simple moving average is $6.41 and its 200 day simple moving average is $6.12. The stock has a market capitalization of $219.02 million, a PE ratio of 10.88 and a beta of 0.80.

FutureFuel (NYSE:FF) last announced its quarterly earnings results on Thursday, March 14th. The energy company reported $0.53 earnings per share for the quarter. The company had revenue of $92.01 million for the quarter. FutureFuel had a net margin of 5.86% and a return on equity of 7.46%.

FutureFuel Cuts Dividend

The firm also recently announced a None dividend, which was paid on Tuesday, April 9th. Investors of record on Tuesday, March 26th were issued a dividend of $2.50 per share. The ex-dividend date of this dividend was Wednesday, April 10th. FutureFuel’s payout ratio is 52.18%.

Institutional Investors Weigh In On FutureFuel

A number of large investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. grew its position in FutureFuel by 821.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 6,029 shares of the energy company’s stock valued at $37,000 after acquiring an additional 5,375 shares in the last quarter. Laurion Capital Management LP purchased a new stake in FutureFuel during the 3rd quarter worth $74,000. EntryPoint Capital LLC acquired a new position in FutureFuel in the 1st quarter worth $83,000. AXQ Capital LP purchased a new position in FutureFuel in the 3rd quarter valued at about $89,000. Finally, Jump Financial LLC acquired a new stake in shares of FutureFuel during the third quarter valued at about $90,000. Institutional investors and hedge funds own 44.56% of the company’s stock.

FutureFuel Company Profile

FutureFuel Corp., together with its subsidiaries, 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 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.