Magnegas Applied Tchnlgy Sltns Inc (NASDAQ:MNGA) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a strong buy recommendation.
Brokers have set a 1-year consensus price target of $1.03 for the company and are anticipating that the company will post ($0.03) EPS for the current quarter, according to Zacks. Zacks has also given Magnegas Applied Tchnlgy Sltns an industry rank of 32 out of 257 based on the ratings given to its competitors.
Separately, HC Wainwright restated a “buy” rating and set a $1.50 price objective on shares of Magnegas Applied Tchnlgy Sltns in a research report on Thursday, November 15th.
Magnegas Applied Tchnlgy Sltns (NASDAQ:MNGA) last released its quarterly earnings results on Wednesday, November 14th. The oil and gas company reported ($0.10) EPS for the quarter, beating the consensus estimate of ($0.12) by $0.02. Magnegas Applied Tchnlgy Sltns had a negative net margin of 182.04% and a negative return on equity of 98.33%. The firm had revenue of $2.60 million during the quarter, compared to the consensus estimate of $3.13 million. Analysts forecast that Magnegas Applied Tchnlgy Sltns will post -0.62 EPS for the current fiscal year.
About Magnegas Applied Tchnlgy Sltns
MagneGas Applied Technology Solutions, Inc, an alternative energy company, creates and produces hydrogen based fuel through the gasification of liquid and liquid waste in the United States and internationally. The company offers MagneGas2, a hydrogen-based fuel for metal cutting as an alternative to acetylene.
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