OPAL Fuels Inc. (NASDAQ:OPAL - Get Free Report) shares reached a new 52-week low on Tuesday . The stock traded as low as $3.98 and last traded at $4.01, with a volume of 39179 shares traded. The stock had previously closed at $4.01.
Wall Street Analysts Forecast Growth
OPAL has been the subject of several research analyst reports. B. Riley restated a "buy" rating and set a $10.00 price target on shares of OPAL Fuels in a research report on Friday, June 7th. Scotiabank reduced their price target on shares of OPAL Fuels from $10.50 to $8.00 and set a "sector outperform" rating for the company in a research report on Thursday, April 11th. UBS Group reduced their price target on shares of OPAL Fuels from $11.00 to $8.00 and set a "buy" rating for the company in a research report on Tuesday, March 19th. Piper Sandler reduced their price target on shares of OPAL Fuels from $13.00 to $8.00 and set an "overweight" rating for the company in a research report on Thursday, April 18th. Finally, The Goldman Sachs Group dropped their price objective on shares of OPAL Fuels from $5.80 to $5.00 and set a "sell" rating for the company in a research note on Friday, March 15th. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $8.67.
Read Our Latest Analysis on OPAL Fuels
OPAL Fuels Stock Performance
The company has a market cap of $696.82 million, a PE ratio of 5.39 and a beta of 0.50. The firm's 50 day moving average is $4.57 and its 200-day moving average is $4.79.
OPAL Fuels (NASDAQ:OPAL - Get Free Report) last announced its quarterly earnings data on Thursday, May 9th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.03). OPAL Fuels had a net margin of 9.23% and a negative return on equity of 1.06%. The business had revenue of $64.95 million for the quarter, compared to analysts' expectations of $85.18 million. During the same period in the prior year, the company posted ($0.06) EPS. On average, analysts predict that OPAL Fuels Inc. will post 0.57 EPS for the current year.
Insider Activity
In other news, Director Scott V. Dols purchased 11,192 shares of the company's stock in a transaction dated Monday, May 20th. The stock was acquired at an average price of $5.06 per share, with a total value of $56,631.52. Following the purchase, the director now directly owns 34,823 shares in the company, valued at approximately $176,204.38. The acquisition was disclosed in a document filed with the SEC, which is available at this link. In other news, COO Anthony Falbo sold 9,621 shares of the company's stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $4.89, for a total value of $47,046.69. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Scott V. Dols acquired 11,192 shares of the firm's stock in a transaction dated Monday, May 20th. The stock was bought at an average price of $5.06 per share, for a total transaction of $56,631.52. Following the completion of the acquisition, the director now owns 34,823 shares in the company, valued at approximately $176,204.38. The disclosure for this purchase can be found here. Corporate insiders own 84.43% of the company's stock.
Hedge Funds Weigh In On OPAL Fuels
Several large investors have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of OPAL Fuels by 5.4% in the 1st quarter. Vanguard Group Inc. now owns 1,674,624 shares of the company's stock worth $8,407,000 after acquiring an additional 86,531 shares during the last quarter. Grizzlyrock Capital LLC acquired a new position in shares of OPAL Fuels in the 4th quarter worth approximately $4,611,000. HITE Hedge Asset Management LLC lifted its holdings in shares of OPAL Fuels by 81.8% in the 4th quarter. HITE Hedge Asset Management LLC now owns 383,118 shares of the company's stock worth $2,115,000 after acquiring an additional 172,360 shares during the last quarter. Yarra Square Partners LP lifted its holdings in shares of OPAL Fuels by 18.9% in the 4th quarter. Yarra Square Partners LP now owns 313,900 shares of the company's stock worth $1,733,000 after acquiring an additional 50,000 shares during the last quarter. Finally, Advisors Asset Management Inc. lifted its holdings in OPAL Fuels by 27.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 43,005 shares of the company's stock worth $353,000 after buying an additional 9,223 shares in the last quarter. 12.16% of the stock is currently owned by institutional investors and hedge funds.
About OPAL Fuels
(
Get Free Report)
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.
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