OPAL Fuels Inc. (NASDAQ:OPAL) Receives $2.72 Average PT from Brokerages

OPAL Fuels Inc. (NASDAQ:OPAL) has received a consensus rating of “Reduce” from the five brokerages that are presently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating and three have issued a hold rating on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $2.7167.

OPAL has been the topic of several research reports. The Goldman Sachs Group lifted their price objective on shares of OPAL Fuels from $2.10 to $2.40 and gave the stock a “sell” rating in a research report on Tuesday, March 17th. Wall Street Zen raised shares of OPAL Fuels from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 24th. Weiss Ratings lowered shares of OPAL Fuels from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. Finally, Zacks Research raised shares of OPAL Fuels from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 5th.

OPAL Fuels Stock Up 4.0%

OPAL opened at $2.09 on Friday. The company has a debt-to-equity ratio of 23.21, a current ratio of 2.20 and a quick ratio of 2.07. The company’s 50-day moving average is $2.14 and its 200 day moving average is $2.27. OPAL Fuels has a fifty-two week low of $1.65 and a fifty-two week high of $2.87. The firm has a market capitalization of $362.41 million, a P/E ratio of 29.86 and a beta of 0.77.

OPAL Fuels (NASDAQ:OPAL) last released its quarterly earnings results on Saturday, May 9th. The company reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.16). OPAL Fuels had a net margin of 1.33% and a negative return on equity of 479.62%. The firm had revenue of $73.38 million for the quarter, compared to the consensus estimate of $93.87 million. Research analysts expect that OPAL Fuels will post -0.2 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Scott Mcdougald Sutton acquired 50,000 shares of the stock in a transaction on Thursday, June 11th. The shares were acquired at an average price of $1.95 per share, with a total value of $97,500.00. Following the completion of the transaction, the director owned 50,000 shares in the company, valued at approximately $97,500. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have bought a total of 72,292 shares of company stock valued at $142,845 over the last 90 days. Insiders own 85.69% of the company’s stock.

Institutional Trading of OPAL Fuels

Hedge funds have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP bought a new stake in OPAL Fuels in the second quarter worth about $27,000. Mariner LLC purchased a new position in shares of OPAL Fuels in the fourth quarter worth about $27,000. Zions Bancorporation National Association UT purchased a new position in shares of OPAL Fuels in the fourth quarter worth about $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new position in shares of OPAL Fuels in the second quarter worth about $28,000. Finally, Intech Investment Management LLC purchased a new position in shares of OPAL Fuels in the second quarter worth about $28,000. Institutional investors own 12.16% of the company’s stock.

OPAL Fuels Company Profile

OPAL Fuels (NASDAQ: OPAL) is a publicly traded company headquartered in San Diego, California, specializing in the production, distribution and dispensing of renewable natural gas (RNG) for heavy-duty transportation. The company operates a network of RNG fueling stations across California, offering fleets of trucks, transit buses and logistics providers a low-carbon alternative to conventional diesel without requiring significant changes to existing vehicle technology or fueling infrastructure.

OPAL Fuels sources organic byproducts from dairy farms, landfills and food-processing facilities, converting methane-rich biogas into pipeline-quality RNG through a series of anaerobic digestion and gas-upgrading processes.