OPAL Fuels Inc. (NASDAQ:OPAL) Given Average Recommendation of “Moderate Buy” by Analysts

OPAL Fuels Inc. (NASDAQ:OPAL) has received an average recommendation of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $7.90.

OPAL has been the topic of several analyst reports. UBS Group reduced their price target on shares of OPAL Fuels from $8.00 to $7.50 and set a “buy” rating on the stock in a research report on Friday, August 9th. Scotiabank lowered shares of OPAL Fuels from a “sector outperform” rating to a “sector perform” rating and reduced their price target for the stock from $8.00 to $5.00 in a research report on Tuesday, September 3rd. Finally, The Goldman Sachs Group cut their target price on shares of OPAL Fuels from $4.50 to $3.90 and set a “sell” rating on the stock in a research report on Friday, August 9th.

OPAL Fuels Trading Down 0.6 %

Shares of OPAL opened at $3.53 on Friday. The stock has a market capitalization of $608.86 million, a PE ratio of 4.71 and a beta of 0.49. The firm’s 50 day moving average is $3.63 and its 200-day moving average is $4.25. OPAL Fuels has a 12 month low of $3.04 and a 12 month high of $8.27.

OPAL Fuels (NASDAQ:OPAL) last posted its quarterly earnings results on Wednesday, August 7th. The company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.10 by $0.01. The business had revenue of $70.95 million for the quarter, compared to analyst estimates of $80.68 million. OPAL Fuels had a net margin of 2.50% and a negative return on equity of 2.14%. Equities research analysts predict that OPAL Fuels will post 0.57 earnings per share for the current fiscal year.

Institutional Trading of OPAL Fuels

Hedge funds have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC acquired a new stake in OPAL Fuels in the second quarter valued at approximately $93,000. Levin Capital Strategies L.P. bought a new position in shares of OPAL Fuels during the first quarter valued at $136,000. Marshall Wace LLP bought a new position in shares of OPAL Fuels during the second quarter valued at $389,000. SIR Capital Management L.P. raised its stake in shares of OPAL Fuels by 76.3% during the second quarter. SIR Capital Management L.P. now owns 388,049 shares of the company’s stock valued at $1,587,000 after acquiring an additional 167,940 shares during the last quarter. Finally, Grizzlyrock Capital LLC bought a new position in shares of OPAL Fuels during the fourth quarter valued at $4,611,000. Institutional investors and hedge funds 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.