OPAL Fuels Inc. (NASDAQ:OPAL) Receives Average Rating of “Moderate Buy” from Analysts

OPAL Fuels Inc. (NASDAQ:OPAL) has received a consensus rating of “Moderate Buy” from the six research firms that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $7.90.

OPAL has been the topic of a number of research analyst reports. The Goldman Sachs Group dropped their target price on shares of OPAL Fuels from $4.50 to $3.90 and set a “sell” rating on the stock in a report on Friday, August 9th. UBS Group decreased their target price on OPAL Fuels from $8.00 to $7.50 and set a “buy” rating on the stock in a report on Friday, August 9th. B. Riley reaffirmed a “buy” rating and set a $10.00 price objective on shares of OPAL Fuels in a research report on Friday, June 7th. Finally, Scotiabank lowered shares of OPAL Fuels from a “sector outperform” rating to a “sector perform” rating and dropped their price objective for the company from $8.00 to $5.00 in a research report on Tuesday, September 3rd.

Institutional Trading of OPAL Fuels

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Grizzlyrock Capital LLC bought a new position in shares of OPAL Fuels during the fourth quarter worth approximately $4,611,000. SIR Capital Management L.P. increased its stake in OPAL Fuels by 76.3% during the 2nd quarter. SIR Capital Management L.P. now owns 388,049 shares of the company’s stock worth $1,587,000 after acquiring an additional 167,940 shares during the period. Marshall Wace LLP acquired a new position in OPAL Fuels in the 2nd quarter valued at $389,000. Vanguard Group Inc. grew its holdings in shares of OPAL Fuels by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 1,674,624 shares of the company’s stock worth $8,407,000 after purchasing an additional 86,531 shares in the last quarter. Finally, Yarra Square Partners LP increased its position in shares of OPAL Fuels by 18.9% in the fourth quarter. Yarra Square Partners LP now owns 313,900 shares of the company’s stock worth $1,733,000 after purchasing an additional 50,000 shares during the period. Institutional investors and hedge funds own 12.16% of the company’s stock.

OPAL Fuels Stock Up 2.4 %

OPAL stock opened at $3.44 on Wednesday. The company has a market cap of $593.34 million, a price-to-earnings ratio of 4.59 and a beta of 0.48. OPAL Fuels has a twelve month low of $3.04 and a twelve month high of $8.46. The business has a 50 day moving average price of $3.78 and a two-hundred day moving average price of $4.37.

OPAL Fuels (NASDAQ:OPAL) last released its earnings results on Wednesday, August 7th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01. OPAL Fuels had a net margin of 2.50% and a negative return on equity of 2.14%. The business had revenue of $70.95 million during the quarter, compared to analysts’ expectations of $80.68 million. On average, equities research analysts anticipate that OPAL Fuels will post 0.57 EPS for the current fiscal year.

OPAL Fuels Company Profile

OPAL Fuels Inc, together with its subsidiaries, engages in the production and distribution of renewable natural gas for use as a vehicle fuel for heavy and medium-duty trucking fleets. It also designs, develops, constructs, operates, and services fueling stations for trucking fleets that use natural gas to displace diesel as transportation fuel.