OPAL Fuels (NASDAQ:OPAL) Stock Price Down 3.2% – Time to Sell?

OPAL Fuels Inc. (NASDAQ:OPAL)’s share price was down 3.2% on Monday . The stock traded as low as $3.90 and last traded at $3.91. Approximately 18,999 shares changed hands during mid-day trading, a decline of 78% from the average daily volume of 87,881 shares. The stock had previously closed at $4.04.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. The Goldman Sachs Group cut their price objective on OPAL Fuels from $4.50 to $3.90 and set a “sell” rating on the stock in a research note on Friday, August 9th. UBS Group decreased their price objective on shares of OPAL Fuels from $8.00 to $7.50 and set a “buy” rating for the company in a report on Friday, August 9th. Finally, Scotiabank lowered shares of OPAL Fuels from a “sector outperform” rating to a “sector perform” rating and lowered their target price for the company from $8.00 to $5.00 in a research note on Tuesday, September 3rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, OPAL Fuels currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.90.

OPAL Fuels Stock Performance

The firm has a market cap of $662.33 million, a P/E ratio of 5.12 and a beta of 0.49. The firm has a fifty day moving average of $3.59 and a 200-day moving average of $4.19.

OPAL Fuels (NASDAQ:OPAL) last posted its earnings results on Wednesday, August 7th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. OPAL Fuels had a negative return on equity of 2.14% and a net margin of 2.50%. The company had revenue of $70.95 million for the quarter, compared to analysts’ expectations of $80.68 million. Equities research analysts expect that OPAL Fuels Inc. will post 0.45 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC acquired a new position in OPAL Fuels during the 2nd quarter valued at about $93,000. Levin Capital Strategies L.P. bought a new position in shares of OPAL Fuels in the first quarter valued at approximately $136,000. Vanguard Group Inc. increased its stake 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. Marshall Wace LLP bought a new stake in OPAL Fuels during the second quarter worth approximately $389,000. Finally, Inspire Investing LLC acquired a new stake in OPAL Fuels in the third quarter worth approximately $430,000. Institutional investors and hedge funds 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.