OPAL Fuels (NASDAQ:OPAL) Announces Quarterly Earnings Results

OPAL Fuels (NASDAQ:OPAL) released its quarterly earnings results on Thursday. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate 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 firm had revenue of $80.02 million during the quarter, compared to analysts’ expectations of $90.94 million.

OPAL Fuels Trading Down 12.9 %

NASDAQ:OPAL opened at $1.89 on Friday. OPAL Fuels has a 12 month low of $1.89 and a 12 month high of $5.18. The firm has a fifty day simple moving average of $2.94 and a 200-day simple moving average of $3.38. The company has a market capitalization of $326.65 million, a P/E ratio of 10.50 and a beta of 0.56.

Wall Street Analyst Weigh In

Separately, The Goldman Sachs Group lowered their price objective on shares of OPAL Fuels from $3.90 to $3.40 and set a “sell” rating for the company in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $6.78.

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.