OPAL Fuels (NASDAQ:OPAL) Announces Quarterly Earnings Results, Misses Estimates By $0.49 EPS

OPAL Fuels (NASDAQ:OPAL - Get Free Report) announced its earnings results on Thursday. The company reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of $0.44 by ($0.49), Zacks reports. OPAL Fuels had a negative return on equity of 4.08% and a net margin of 3.30%. The company had revenue of $80.02 million during the quarter, compared to the consensus estimate of $90.94 million.

OPAL Fuels Price Performance

Shares of OPAL stock traded up $0.03 during trading hours on Wednesday, reaching $2.02. The company had a trading volume of 60,221 shares, compared to its average volume of 101,398. OPAL Fuels has a 1-year low of $1.89 and a 1-year high of $5.18. The firm has a market cap of $349.11 million, a price-to-earnings ratio of 11.22 and a beta of 0.56. The company has a 50 day moving average of $2.86 and a 200 day moving average of $3.34.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. UBS Group dropped their price objective on shares of OPAL Fuels from $7.00 to $3.50 and set a "buy" rating for the company in a research report on Monday. The Goldman Sachs Group dropped their target price on OPAL Fuels from $3.40 to $2.00 and set a "sell" rating for the company in a research report on Tuesday. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, OPAL Fuels has a consensus rating of "Hold" and an average price target of $5.70.

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About OPAL Fuels

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.