OPAL Fuels (OPAL) Scheduled to Post Earnings on Thursday

OPAL Fuels (NASDAQ:OPAL) is set to issue its quarterly earnings data after the market closes on Thursday, May 9th. Analysts expect the company to announce earnings of $0.02 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

OPAL Fuels (NASDAQ:OPAL) last announced its quarterly earnings data on Wednesday, March 13th. The company reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.22 by ($0.11). The company had revenue of $87.01 million for the quarter, compared to analysts’ expectations of $98.77 million. OPAL Fuels had a net margin of 10.61% and a negative return on equity of 1.07%. On average, analysts expect OPAL Fuels to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

OPAL Fuels Stock Down 1.9 %

OPAL stock opened at $4.59 on Thursday. OPAL Fuels has a 52 week low of $4.43 and a 52 week high of $8.46. The company has a market cap of $791.68 million, a price-to-earnings ratio of 6.56 and a beta of 0.52. The business has a fifty day simple moving average of $4.80 and a 200-day simple moving average of $5.26.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. UBS Group dropped their price target on OPAL Fuels from $11.00 to $8.00 and set a “buy” rating for the company in a research note on Tuesday, March 19th. Scotiabank cut their price target on shares of OPAL Fuels from $10.50 to $8.00 and set a “sector outperform” rating on the stock in a report on Thursday, April 11th. The Goldman Sachs Group reduced their price target on shares of OPAL Fuels from $5.80 to $5.00 and set a “sell” rating on the stock in a research report on Friday, March 15th. B. Riley dropped their price objective on shares of OPAL Fuels from $14.00 to $10.00 and set a “buy” rating for the company in a research report on Thursday, March 7th. Finally, Stifel Nicolaus reduced their target price on shares of OPAL Fuels from $14.00 to $13.00 and set a “buy” rating on the stock in a report on Tuesday, January 23rd. One investment analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, OPAL Fuels currently has a consensus rating of “Moderate Buy” and a consensus price target of $9.29.

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.