OPAL Fuels (OPAL) Set to Announce Earnings on Thursday

OPAL Fuels (NASDAQ:OPAL) is scheduled to release its earnings data after the market closes on Thursday, November 7th. Analysts expect OPAL Fuels to post earnings of $0.17 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

OPAL Fuels (NASDAQ:OPAL) last issued its earnings results on Wednesday, August 7th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. The business had revenue of $70.95 million during the quarter, compared to analysts’ expectations of $80.68 million. OPAL Fuels had a net margin of 2.50% and a negative return on equity of 2.14%. On average, analysts expect OPAL Fuels to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

OPAL Fuels Trading Down 2.8 %

NASDAQ:OPAL opened at $3.78 on Thursday. OPAL Fuels has a twelve month low of $3.04 and a twelve month high of $6.47. The company has a market cap of $651.98 million, a P/E ratio of 5.04 and a beta of 0.49. The company’s 50-day moving average price is $3.64 and its 200-day moving average price is $4.11.

Analyst Ratings Changes

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

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.