OPAL Fuels Inc. (NASDAQ:OPAL) Given Consensus Rating of “Reduce” by Brokerages

OPAL Fuels Inc. (NASDAQ:OPAL) has been assigned an average rating of “Reduce” from the six research firms that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation and four have issued a hold recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is $2.8125.

A number of brokerages have issued reports on OPAL. Johnson Rice downgraded OPAL Fuels from a “strong-buy” rating to a “hold” rating and reduced their price objective for the company from $4.00 to $3.00 in a research note on Tuesday, July 22nd. UBS Group downgraded shares of OPAL Fuels from a “strong-buy” rating to a “hold” rating and cut their price target for the stock from $3.50 to $2.75 in a report on Wednesday, July 23rd. Weiss Ratings restated a “sell (d+)” rating on shares of OPAL Fuels in a research report on Wednesday. Zacks Research raised shares of OPAL Fuels from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. Finally, Wall Street Zen cut shares of OPAL Fuels from a “hold” rating to a “strong sell” rating in a research note on Saturday, August 16th.

Insiders Place Their Bets

In other news, CEO Adam Comora bought 21,744 shares of the firm’s stock in a transaction on Friday, August 15th. The stock was acquired at an average cost of $2.30 per share, with a total value of $50,011.20. Following the completion of the transaction, the chief executive officer directly owned 236,261 shares of the company’s stock, valued at $543,400.30. This represents a 10.14% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 84.57% of the company’s stock.

Institutional Investors Weigh In On OPAL Fuels

Several large investors have recently added to or reduced their stakes in OPAL. SCS Capital Management LLC purchased a new stake in OPAL Fuels during the first quarter valued at about $683,000. Invesco Ltd. raised its position in shares of OPAL Fuels by 40.0% in the first 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. Inspire Investing LLC lifted its stake in shares of OPAL Fuels by 64.2% during the 1st quarter. Inspire Investing LLC now owns 195,048 shares of the company’s stock valued at $359,000 after buying an additional 76,267 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in OPAL Fuels by 16.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 203,006 shares of the company’s stock worth $374,000 after buying 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 buying an additional 11,454 shares in the last quarter. Hedge funds and other institutional investors own 12.16% of the company’s stock.

OPAL Fuels Trading Up 3.7%

NASDAQ:OPAL opened at $2.50 on Friday. OPAL Fuels has a 52 week low of $1.26 and a 52 week high of $4.11. The firm has a 50-day moving average price of $2.31 and a two-hundred day moving average price of $2.33. The company has a debt-to-equity ratio of 5.06, a quick ratio of 1.12 and a current ratio of 1.26. The firm has a market cap of $433.49 million, a price-to-earnings ratio of 41.67 and a beta of 1.06.

OPAL Fuels (NASDAQ:OPAL) last released its earnings results on Thursday, August 7th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.10). The business had revenue of $80.46 million during the quarter, compared to the consensus estimate of $88.75 million. OPAL Fuels had a negative net margin of 0.74% and a negative return on equity of 1.84%. On average, equities analysts expect that OPAL Fuels will post 0.8 earnings per share 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.