OPAL Fuels (NASDAQ:OPAL) PT Lowered to $7.50

OPAL Fuels (NASDAQ:OPAL) had its price objective lowered by UBS Group from $8.00 to $7.50 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. UBS Group’s target price suggests a potential upside of 110.67% from the company’s current price.

A number of other analysts have also weighed in on OPAL. Scotiabank lowered their price objective on shares of OPAL Fuels from $10.50 to $8.00 and set a “sector outperform” rating for the company in a research note on Thursday, April 11th. B. Riley restated a “buy” rating and set a $10.00 target price on shares of OPAL Fuels in a report on Friday, June 7th. Finally, Piper Sandler reduced their price objective on shares of OPAL Fuels from $13.00 to $8.00 and set an “overweight” rating on the stock in a report on Thursday, April 18th. One investment analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, OPAL Fuels has an average rating of “Moderate Buy” and a consensus target price of $8.40.

OPAL Fuels Trading Down 3.3 %

NASDAQ:OPAL traded down $0.12 on Friday, reaching $3.56. 151,139 shares of the stock traded hands, compared to its average volume of 79,449. The company’s fifty day simple moving average is $4.16 and its 200 day simple moving average is $4.60. The company has a market capitalization of $614.04 million, a price-to-earnings ratio of 4.75 and a beta of 0.50. OPAL Fuels has a 12 month low of $3.51 and a 12 month high of $8.46.

OPAL Fuels (NASDAQ:OPAL) last released its quarterly earnings data on Thursday, May 9th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.03). The company had revenue of $64.95 million for the quarter, compared to the consensus estimate of $85.18 million. OPAL Fuels had a net margin of 9.23% and a negative return on equity of 1.06%. During the same quarter in the previous year, the business earned ($0.06) EPS. Equities analysts anticipate that OPAL Fuels will post 0.57 EPS for the current fiscal year.

Insider Transactions at OPAL Fuels

In other news, COO Anthony Falbo sold 9,621 shares of the stock in a transaction that occurred on Tuesday, May 21st. The shares were sold at an average price of $4.89, for a total value of $47,046.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Scott V. Dols purchased 11,192 shares of OPAL Fuels stock in a transaction dated Monday, May 20th. The shares were bought at an average cost of $5.06 per share, with a total value of $56,631.52. Following the completion of the transaction, the director now directly owns 34,823 shares in the company, valued at approximately $176,204.38. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Anthony Falbo sold 9,621 shares of OPAL Fuels stock in a transaction on Tuesday, May 21st. The shares were sold at an average price of $4.89, for a total transaction of $47,046.69. The disclosure for this sale can be found here. Company insiders own 84.43% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. DAVENPORT & Co LLC acquired a new stake in OPAL Fuels during the 4th quarter worth about $61,000. Levin Capital Strategies L.P. bought a new position in OPAL Fuels during the first quarter valued at about $136,000. SIR Capital Management L.P. raised its stake in OPAL Fuels by 76.3% in the 2nd quarter. SIR Capital Management L.P. now owns 388,049 shares of the company’s stock valued at $1,587,000 after acquiring an additional 167,940 shares during the period. Yarra Square Partners LP lifted its position in shares of OPAL Fuels by 18.9% during the fourth quarter. Yarra Square Partners LP now owns 313,900 shares of the company’s stock worth $1,733,000 after acquiring an additional 50,000 shares in the last quarter. Finally, Grizzlyrock Capital LLC purchased a new stake in OPAL Fuels in the 4th quarter worth approximately $4,611,000. 12.16% of the stock is currently owned by institutional investors and hedge funds.

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.