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

Shares of OPAL Fuels Inc. (NASDAQ:OPAL) have been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $7.90.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional 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% during the first quarter. Vanguard Group Inc. now owns 1,674,624 shares of the company’s stock valued at $8,407,000 after acquiring an additional 86,531 shares during the period. Grizzlyrock Capital LLC bought a new position in shares of OPAL Fuels in the fourth quarter valued at about $4,611,000. SIR Capital Management L.P. raised its holdings in shares of OPAL Fuels by 76.3% in the second quarter. SIR Capital Management L.P. now owns 388,049 shares of the company’s stock valued at $1,587,000 after buying an additional 167,940 shares during the last quarter. Inspire Investing LLC bought a new position in shares of OPAL Fuels in the third quarter valued at about $430,000. Finally, Marshall Wace LLP bought a new position in shares of OPAL Fuels in the second quarter valued at about $389,000. 12.16% of the stock is owned by institutional investors.

OPAL Fuels Stock Up 8.3 %

NASDAQ:OPAL opened at $4.04 on Friday. OPAL Fuels has a 12 month low of $3.04 and a 12 month high of $8.27. The firm has a market cap of $696.83 million, a price-to-earnings ratio of 5.39 and a beta of 0.49. The company’s 50 day moving average is $3.59 and its 200-day moving average is $4.21.

OPAL Fuels (NASDAQ:OPAL) last announced its quarterly earnings data 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 the consensus estimate of $80.68 million. OPAL Fuels had a net margin of 2.50% and a negative return on equity of 2.14%. Research analysts predict that OPAL Fuels will post 0.45 EPS for the current fiscal year.

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.