OPAL Fuels (NASDAQ:OPAL) Sets New 12-Month Low - Should You Sell?

OPAL Fuels Inc. (NASDAQ:OPAL - Get Free Report) shares hit a new 52-week low on Wednesday . The stock traded as low as $2.96 and last traded at $2.97, with a volume of 120405 shares traded. The stock had previously closed at $3.00.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group dropped their price objective 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 analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $6.78.

OPAL Fuels Stock Down 0.3 %

The company has a market cap of $513.30 million, a PE ratio of 16.50 and a beta of 0.53. The firm has a 50 day simple moving average of $3.28 and a 200-day simple moving average of $3.55.

OPAL Fuels (NASDAQ:OPAL - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.17 by ($0.08). OPAL Fuels had a negative return on equity of 4.08% and a net margin of 3.30%. The firm had revenue of $84.05 million during the quarter, compared to analysts' expectations of $88.80 million. During the same period in the previous year, the firm earned ($0.01) EPS. As a group, equities analysts anticipate that OPAL Fuels Inc. will post 0.8 EPS for the current year.

Institutional Trading of OPAL Fuels

Hedge funds and other institutional investors have recently made changes to their positions in the business. GSA Capital Partners LLP increased its position in 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 buying an additional 39,325 shares in the last quarter. Geode Capital Management LLC raised its position in shares of OPAL Fuels by 19.1% in the 3rd quarter. Geode Capital Management LLC now owns 257,549 shares of the company's stock valued at $940,000 after purchasing an additional 41,250 shares during the last quarter. Inspire Investing LLC acquired a new stake in OPAL Fuels in the 3rd quarter worth approximately $430,000. Sanctuary Advisors LLC acquired a new stake in OPAL Fuels in the 2nd quarter worth approximately $93,000. Finally, Yaupon Capital Management LP grew its position in OPAL Fuels by 17.0% during the 3rd quarter. Yaupon Capital Management LP now owns 700,054 shares of the company's stock worth $2,555,000 after purchasing an additional 101,955 shares during the last quarter. Hedge funds and other 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.