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

Shares of OPAL Fuels Inc. (NASDAQ:OPAL) have earned an average rating of “Reduce” from the five analysts that are currently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating and three have given a hold rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $2.7167.

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

Insiders Place Their Bets

In related news, Director Scott Mcdougald Sutton acquired 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 11th. The stock was acquired at an average cost of $1.95 per share, for a total transaction of $97,500.00. Following the completion of the acquisition, the director directly owned 50,000 shares of the company’s stock, valued at approximately $97,500. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders acquired 72,292 shares of company stock valued at $142,845 in the last three months. Corporate insiders own 85.69% of the company’s stock.

Institutional Trading of OPAL Fuels

A number of institutional investors and hedge funds have recently bought and sold shares of OPAL. Goldman Sachs Group Inc. grew its holdings in OPAL Fuels by 16.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 203,006 shares of the company’s stock worth $374,000 after acquiring an additional 28,374 shares during the period. Geode Capital Management LLC grew its holdings in OPAL Fuels by 91.5% during the 2nd quarter. Geode Capital Management LLC now owns 509,294 shares of the company’s stock worth $1,233,000 after acquiring an additional 243,399 shares during the period. Intech Investment Management LLC acquired a new stake in OPAL Fuels during the 2nd quarter worth about $28,000. New York State Common Retirement Fund acquired a new stake in OPAL Fuels during the 2nd quarter worth about $93,000. Finally, Walleye Capital LLC acquired a new stake in OPAL Fuels during the 2nd quarter worth about $64,000. 12.16% of the stock is currently owned by institutional investors and hedge funds.

OPAL Fuels Stock Up 2.2%

Shares of NASDAQ:OPAL opened at $1.86 on Friday. The company has a market capitalization of $322.52 million, a PE ratio of 26.58 and a beta of 0.77. OPAL Fuels has a 52-week low of $1.65 and a 52-week high of $3.25. The company has a fifty day moving average of $2.20 and a 200-day moving average of $2.29. The company has a debt-to-equity ratio of 23.21, a quick ratio of 2.07 and a current ratio of 2.20.

OPAL Fuels (NASDAQ:OPAL) last posted its quarterly earnings data 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). The company had revenue of $73.38 million during the quarter, compared to analyst estimates of $93.87 million. OPAL Fuels had a net margin of 1.33% and a negative return on equity of 479.62%. On average, equities analysts predict that OPAL Fuels will post -0.2 EPS for the current fiscal year.

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.