Archaea Energy Inc. (NYSE:LFG – Get Rating) saw a large growth in short interest in November. As of November 30th, there was short interest totalling 4,080,000 shares, a growth of 9.4% from the November 15th total of 3,730,000 shares. Based on an average daily volume of 2,550,000 shares, the short-interest ratio is currently 1.6 days. Currently, 5.1% of the shares of the stock are short sold.
Archaea Energy Price Performance
NYSE LFG opened at $25.90 on Friday. Archaea Energy has a 52 week low of $12.59 and a 52 week high of $26.11. The company has a quick ratio of 2.66, a current ratio of 2.78 and a debt-to-equity ratio of 2.21. The business's fifty day simple moving average is $25.02 and its 200-day simple moving average is $20.48. The firm has a market cap of $3.12 billion, a PE ratio of -43.17 and a beta of 1.13.
Get Archaea Energy alerts:Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the stock. Ovata Capital Management Ltd purchased a new position in shares of Archaea Energy during the 1st quarter worth $26,000. Ellevest Inc. purchased a new position in shares of Archaea Energy during the 3rd quarter worth $29,000. Advisors Asset Management Inc. purchased a new position in shares of Archaea Energy during the 1st quarter worth $64,000. Shell Asset Management Co. acquired a new stake in shares of Archaea Energy during the 2nd quarter worth about $75,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank acquired a new stake in shares of Archaea Energy during the 2nd quarter worth about $101,000. Hedge funds and other institutional investors own 87.87% of the company's stock.
Analyst Ratings Changes
A number of research analysts have weighed in on the company. US Capital Advisors restated a "hold" rating on shares of Archaea Energy in a report on Wednesday, October 26th. Wells Fargo & Company lowered Archaea Energy from an "overweight" rating to an "equal weight" rating and raised their price objective for the company from $25.00 to $26.00 in a report on Monday, November 14th.Archaea Energy Company Profile
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Archaea Energy Inc operates as a renewable natural gas (RNG) and renewable electricity producer in the United States. It operates through two segments, RNG and Power. As of December 31, 2021, it owns and operates a diversified portfolio of 29 landfill gas recovery and processing projects across 18 states, including 11 operated facilities that produce pipeline-quality RNG and 18 LFG to renewable electricity production facilities.
Further Reading
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