FutureFuel (NYSE:FF) Stock Rated “Add” in New Coverage at Gabelli

Gabelli assumed coverage on shares of FutureFuel (NYSE:FF) in a research note published on Tuesday morning,FinViz reports. The brokerage issued an add rating and a $9.00 price objective on the energy company’s stock.

A number of other analysts have also recently weighed in on the company. Wall Street Zen raised FutureFuel from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Weiss Ratings lowered FutureFuel from a “sell (d+)” rating to a “sell (d-)” rating in a report on Thursday, August 13th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, FutureFuel presently has a consensus rating of “Hold” and an average price target of $9.00.

FutureFuel Stock Up 0.5%

Shares of FutureFuel stock opened at $2.83 on Tuesday. FutureFuel has a 52 week low of $2.62 and a 52 week high of $6.99. The firm’s 50 day moving average is $5.25 and its two-hundred day moving average is $4.62. The firm has a market capitalization of $123.90 million, a P/E ratio of -4.15 and a beta of 0.82.

FutureFuel (NYSE:FF) last posted its earnings results on Monday, November 9th. The energy company reported ($0.19) earnings per share for the quarter. The firm had revenue of $104.67 million during the quarter. FutureFuel had a negative net margin of 12.59% and a negative return on equity of 19.93%.

FutureFuel Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 18th. Investors of record on Friday, December 4th will be paid a $0.01 dividend. The ex-dividend date is Friday, December 4th. This represents a $0.04 annualized dividend and a dividend yield of 1.4%. FutureFuel’s dividend payout ratio (DPR) is -5.88%.

Institutional Trading of FutureFuel

Large investors have recently bought and sold shares of the company. BlackRock Inc. acquired a new position in shares of FutureFuel during the 2nd quarter worth approximately $8,653,000. Empowered Funds LLC lifted its position in shares of FutureFuel by 3.3% in the first quarter. Empowered Funds LLC now owns 311,214 shares of the energy company’s stock valued at $1,198,000 after acquiring an additional 10,061 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of FutureFuel in the third quarter valued at $1,567,000. Bank of New York Mellon Corp acquired a new stake in shares of FutureFuel during the second quarter valued at $1,214,000. Finally, GSA Capital Partners LLP acquired a new position in FutureFuel in the 2nd quarter valued at about $1,029,000. Institutional investors and hedge funds own 44.56% of the company’s stock.

FutureFuel Company Profile

FutureFuel Corp. is a U.S.-based chemical and biofuel manufacturer with operations in Batesville, Arkansas. The company operates through chemicals and biofuels businesses, using its manufacturing capabilities to produce both custom-made and proprietary products. Its chemicals business serves customers in markets that include agriculture, pharmaceuticals and coatings, among others. FutureFuel manufactures specialty chemicals to customer specifications and also develops and produces its own chemical products.