OPAL Fuels (NASDAQ:OPAL) Given New $3.50 Price Target at UBS Group

OPAL Fuels (NASDAQ:OPAL) had its price objective lowered by UBS Group from $7.00 to $3.50 in a research report released on Monday morning,Benzinga reports. UBS Group currently has a buy rating on the stock.

Separately, The Goldman Sachs Group lowered their target price on shares of OPAL Fuels from $3.90 to $3.40 and set a “sell” rating on the stock in a research note on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $5.98.

OPAL Fuels Trading Up 11.1 %

OPAL Fuels stock opened at $2.10 on Monday. The stock has a market cap of $362.94 million, a price-to-earnings ratio of 11.67 and a beta of 0.56. The company’s 50-day moving average price is $2.89 and its two-hundred day moving average price is $3.35. OPAL Fuels has a 52 week low of $1.89 and a 52 week high of $5.18.

OPAL Fuels (NASDAQ:OPAL) last released its earnings results on Thursday, March 13th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.44 by ($0.49). The company had revenue of $80.02 million for the quarter, compared to analyst estimates of $90.94 million. OPAL Fuels had a net margin of 3.30% and a negative return on equity of 4.08%. Research analysts expect that OPAL Fuels will post 0.8 earnings per share for the current fiscal year.

Hedge Funds Weigh In On OPAL Fuels

Large investors have recently made changes to their positions in the business. Janus Henderson Group PLC boosted its position in shares of OPAL Fuels by 83.5% during the 3rd quarter. Janus Henderson Group PLC now owns 21,727 shares of the company’s stock valued at $79,000 after purchasing an additional 9,885 shares in the last quarter. Squarepoint Ops LLC boosted its position in shares of OPAL Fuels by 20.2% during the 4th quarter. Squarepoint Ops LLC now owns 31,983 shares of the company’s stock valued at $108,000 after purchasing an additional 5,377 shares in the last quarter. Levin Capital Strategies L.P. boosted its position in shares of OPAL Fuels by 250.0% during the 4th quarter. Levin Capital Strategies L.P. now owns 35,000 shares of the company’s stock valued at $119,000 after purchasing an additional 25,000 shares in the last quarter. Jane Street Group LLC bought a new position in shares of OPAL Fuels during the 4th quarter valued at about $238,000. Finally, GSA Capital Partners LLP boosted its position in shares of OPAL Fuels by 69.3% during the 3rd quarter. GSA Capital Partners LLP now owns 96,056 shares of the company’s stock valued at $351,000 after purchasing an additional 39,325 shares in the last quarter. Institutional investors own 12.16% of the company’s stock.

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.