OPAL Fuels Inc. (NASDAQ:OPAL) Given Average Rating of “Reduce” by Analysts

OPAL Fuels Inc. (NASDAQ:OPAL) has been given a consensus recommendation of “Reduce” by the six research firms that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $2.8125.

A number of equities research analysts recently issued reports on OPAL shares. Zacks Research upgraded shares of OPAL Fuels from a “strong sell” rating to a “hold” rating in a research report on Monday, September 15th. Wall Street Zen raised shares of OPAL Fuels from a “sell” rating to a “hold” rating in a research note on Saturday, December 20th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of OPAL Fuels in a research note on Monday.

OPAL Fuels Trading Up 2.8%

Shares of OPAL opened at $2.58 on Friday. The company has a current ratio of 1.47, a quick ratio of 1.33 and a debt-to-equity ratio of 32.18. The stock has a market cap of $447.37 million, a PE ratio of 129.06 and a beta of 1.07. OPAL Fuels has a 1 year low of $1.26 and a 1 year high of $4.08. The stock has a 50 day simple moving average of $2.38 and a 200-day simple moving average of $2.45.

OPAL Fuels (NASDAQ:OPAL) last announced its quarterly earnings results on Friday, November 7th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.09). OPAL Fuels had a negative net margin of 1.02% and a negative return on equity of 1.84%. The company had revenue of $83.36 million during the quarter, compared to the consensus estimate of $98.03 million. On average, sell-side analysts predict that OPAL Fuels will post 0.8 EPS for the current fiscal year.

Institutional Trading of OPAL Fuels

Large investors have recently made changes to their positions in the business. Engineers Gate Manager LP bought a new position in shares of OPAL Fuels in the second quarter valued at about $27,000. Yaupon Capital Management LP increased its holdings in shares of OPAL Fuels by 1.6% in the first 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 in the last quarter. Vanguard Group Inc. increased its holdings in shares of OPAL Fuels by 1.0% in the third quarter. Vanguard Group Inc. now owns 1,158,519 shares of the company’s stock valued at $2,549,000 after purchasing an additional 11,488 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in OPAL Fuels during the 2nd quarter worth $28,000. Finally, Intech Investment Management LLC bought a new position in OPAL Fuels in the 2nd quarter valued at $28,000. Institutional investors own 12.16% of the company’s stock.

About OPAL Fuels

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.