FutureFuel (NYSE:FF)‘s stock had its “buy” rating reissued by HC Wainwright in a research report issued to clients and investors on Monday, AnalystRatings.com reports. They currently have a $1.70 price objective on the energy company’s stock. HC Wainwright’s price objective would suggest a potential downside of 84.32% from the company’s current price.

The analysts wrote, “We note that drilling is anticipated to test a total strike length of up to 900 meters (M) at the Miller prospect. In short, the planned work includes 3,000 m of step-out drilling from 14 drill holes, which aim to follow up on strong results achieved in FY18. We note that FY18 drill results from Miller were not included in the FY19 mineral resource update for Goldlund. We therefore believe that FY18 drilling, amid the proposed drill program for FY19, could add meaningful resources and value to the deposit.””

Separately, TheStreet cut FutureFuel from a “b” rating to a “c+” rating in a report on Friday, May 10th.

Shares of FF stock opened at $10.84 on Monday. FutureFuel has a 12 month low of $10.18 and a 12 month high of $19.31. The stock has a 50 day moving average of $11.46 and a two-hundred day moving average of $13.57. The company has a market capitalization of $475.02 million, a P/E ratio of 22.96 and a beta of 1.94.

FutureFuel (NYSE:FF) last issued its earnings results on Friday, August 9th. The energy company reported $0.08 earnings per share (EPS) for the quarter. FutureFuel had a return on equity of 5.18% and a net margin of 7.69%. The business had revenue of $70.86 million during the quarter.

In related news, Director Terrance C. Z. Egger bought 2,895 shares of the company’s stock in a transaction dated Wednesday, June 5th. The stock was acquired at an average cost of $10.33 per share, with a total value of $29,905.35. Following the acquisition, the director now owns 4,895 shares in the company, valued at approximately $50,565.35. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 41.43% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. BNP Paribas Arbitrage SA increased its holdings in FutureFuel by 195.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 5,950 shares of the energy company’s stock valued at $80,000 after purchasing an additional 3,938 shares in the last quarter. Victory Capital Management Inc. bought a new stake in shares of FutureFuel during the first quarter worth approximately $219,000. Dimensional Fund Advisors LP boosted its holdings in shares of FutureFuel by 3.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,565,813 shares of the energy company’s stock worth $40,693,000 after acquiring an additional 81,366 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in shares of FutureFuel by 15.8% during the first quarter. O Shaughnessy Asset Management LLC now owns 386,449 shares of the energy company’s stock worth $5,169,000 after acquiring an additional 52,823 shares during the period. Finally, Bowling Portfolio Management LLC bought a new stake in shares of FutureFuel during the second quarter worth approximately $1,290,000. 48.63% of the stock is owned by hedge funds and other institutional investors.

About FutureFuel

FutureFuel Corp., through its subsidiaries, manufactures and sells diversified chemical products, bio-based products, and bio-based specialty chemical products in the United States. It operates in two segments, Chemicals and Biofuels. The Chemicals segment manufactures and sells custom chemicals, including agrochemicals and intermediates, laundry detergent additives, biocides intermediates, specialty polymers, dyes, stabilizers, and chemicals intermediates; and chemicals used in consumer products consisting of cosmetics and personal care products, specialty polymers, and specialty products used in the fuels industry.

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