Archaea Energy (NYSE:LFG) saw its target price reduced by Citigroup equity researchers from $31.00 to $29.00 in a report on Tuesday, reports The Fly. Citigroup’s target price would suggest a potential upside of 69.49% from the company’s current price.
LFG has been the subject of several other research reports. Zacks Investment Research upgraded Archaea Energy from a “hold” rating to a “buy” rating and set a target price of $20.00 on the stock in a Thursday, Dec. 30 report. Jefferies Financial Group began covering Archaea Energy in a report on Monday, October 11. They set a “buy” rating and a target price of $24.00 on the stock. Finally, Johnson Rice began covering Archaea Energy in a report on Thursday, October 14. They set a “buy” rating and a target price of $28.00 on the stock.
Archaea Energy stock opened Tuesday at $17.11. The company’s fifty-day moving average is $18.90. Archaea Energy has a 52-week low of $9.62 and a 52-week high of $22.01.
Archaea Energy (NYSE:LFG) last announced its results on Monday, November 15. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of $0.06 per ($0.19). The company had revenue of $11.99 million in the quarter. Equity analysts expect Archaea Energy to post -0.21 EPS for the current fiscal year.
In related news, Renewable Energy Systems Director Aria sold 656,300 shares of the company in a trade dated Monday, December 13. The stock was sold at an average price of $17.95, for a total value of $11,780,585.00. The transaction was disclosed in a legal filing with the SEC, accessible via this link.
A number of institutional investors and hedge funds have recently changed their holdings in the company. PNC Financial Services Group Inc. bought a new position in Archaea Energy during the third quarter worth approximately $38,000. Citigroup Inc. bought a new position in Archaea Energy during the third quarter worth approximately $89,000. Moors & Cabot Inc. bought a new position in Archaea Energy during the third quarter worth approximately $374,000. Viking Fund Management LLC increased its holdings in Archaea Energy by 15.0% during the fourth quarter. Viking Fund Management LLC now owns 46,000 shares of the company worth $841,000 after purchasing an additional 6,000 shares in the last quarter. Finally, Penserra Capital Management LLC bought a new position in Archaea Energy during the third quarter worth approximately $124,000. Hedge funds and other institutional investors own 78.32% of the company’s shares.
About Archaea Energy
Archaea Energy LLC is involved in the development of renewable natural gas from high-carbon processes and industries by capturing recurring emissions from food waste, sewage, agricultural waste and landfill gas. It operates and manages RNG projects throughout the energy life cycle and offers collection partners.
Feature article: What factors drive up inflation?
This instant news alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Archaea Energy right now?
Before you consider Archaea Energy, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and Archaea Energy wasn’t on the list.
While Archaea Energy currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here