OPAL Fuels Inc. (NASDAQ:OPAL) Receives $2.81 Consensus PT from Analysts

Shares of OPAL Fuels Inc. (NASDAQ:OPAL) have been given a consensus rating of “Reduce” by the five analysts that are covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation and four have assigned a hold recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $2.8125.

Several equities research analysts recently issued reports on OPAL shares. UBS Group downgraded OPAL Fuels from a “strong-buy” rating to a “hold” rating and decreased their price target for the stock from $3.50 to $2.75 in a report on Wednesday, July 23rd. Zacks Research upgraded OPAL Fuels from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. Johnson Rice downgraded OPAL Fuels from a “strong-buy” rating to a “hold” rating and decreased their price target for the stock from $4.00 to $3.00 in a report on Tuesday, July 22nd. Finally, Wall Street Zen downgraded OPAL Fuels from a “hold” rating to a “strong sell” rating in a report on Saturday, August 16th.

OPAL Fuels Price Performance

Shares of NASDAQ:OPAL opened at $2.40 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 1.26 and a debt-to-equity ratio of 5.06. OPAL Fuels has a twelve month low of $1.26 and a twelve month high of $4.11. The stock’s 50 day moving average is $2.32 and its 200-day moving average is $2.30. The firm has a market capitalization of $416.15 million, a price-to-earnings ratio of 40.00 and a beta of 1.08.

OPAL Fuels (NASDAQ:OPAL) last issued its earnings results on Thursday, August 7th. The company reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.10). OPAL Fuels had a negative return on equity of 1.84% and a negative net margin of 0.74%.The firm had revenue of $80.46 million for the quarter, compared to analyst estimates of $88.75 million. Sell-side analysts forecast that OPAL Fuels will post 0.8 EPS for the current fiscal year.

Insider Transactions at OPAL Fuels

In related news, CEO Adam Comora purchased 18,256 shares of the firm’s stock in a transaction that occurred on Monday, August 18th. The stock was acquired at an average price of $2.32 per share, for a total transaction of $42,353.92. Following the completion of the acquisition, the chief executive officer owned 254,517 shares of the company’s stock, valued at $590,479.44. This represents a 7.73% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 84.43% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of OPAL. Jane Street Group LLC bought a new position in OPAL Fuels in the 4th quarter valued at $238,000. Squarepoint Ops LLC grew its stake in OPAL Fuels by 20.2% in the 4th quarter. Squarepoint Ops LLC now owns 31,983 shares of the company’s stock valued at $108,000 after purchasing an additional 5,377 shares during the period. Invesco Ltd. grew its stake in OPAL Fuels by 40.0% in the 1st quarter. Invesco Ltd. now owns 2,024,745 shares of the company’s stock valued at $3,726,000 after purchasing an additional 578,209 shares during the period. Goldman Sachs Group Inc. grew its stake in OPAL Fuels by 16.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 203,006 shares of the company’s stock valued at $374,000 after purchasing an additional 28,374 shares during the period. Finally, Yaupon Capital Management LP grew its stake in OPAL Fuels by 1.6% in the 1st quarter. Yaupon Capital Management LP now owns 711,508 shares of the company’s stock valued at $1,309,000 after purchasing an additional 11,454 shares during the period. Institutional investors own 12.16% of the company’s stock.

About OPAL Fuels

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.