OPAL Fuels (NASDAQ:OPAL) Hits New 52-Week Low – Should You Sell?

OPAL Fuels Inc. (NASDAQ:OPAL)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $2.96 and last traded at $2.97, with a volume of 120405 shares. The stock had previously closed at $3.00.

Analyst Upgrades and Downgrades

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

OPAL Fuels Stock Down 0.3 %

The stock has a market capitalization of $513.31 million, a price-to-earnings ratio of 16.50 and a beta of 0.53. The stock has a fifty day moving average of $3.30 and a 200-day moving average of $3.57.

OPAL Fuels (NASDAQ:OPAL) last issued its earnings results on Thursday, November 7th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.08). OPAL Fuels had a net margin of 3.30% and a negative return on equity of 4.08%. The company had revenue of $84.05 million during the quarter, compared to analyst estimates of $88.80 million. During the same quarter in the previous year, the company posted ($0.01) EPS. On average, equities analysts forecast that OPAL Fuels Inc. will post 0.8 EPS for the current fiscal year.

Hedge Funds Weigh In On OPAL Fuels

Several large investors have recently bought and sold shares of the stock. Marshall Wace LLP purchased a new stake in shares of OPAL Fuels in the 2nd quarter valued at about $389,000. Sanctuary Advisors LLC purchased a new stake in OPAL Fuels in the second quarter valued at approximately $93,000. Inspire Investing LLC acquired a new stake in shares of OPAL Fuels in the third quarter valued at approximately $430,000. GSA Capital Partners LLP grew its position in shares of OPAL Fuels by 69.3% during the third quarter. GSA Capital Partners LLP now owns 96,056 shares of the company’s stock worth $351,000 after acquiring an additional 39,325 shares during the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of OPAL Fuels by 83.5% in the 3rd quarter. Janus Henderson Group PLC now owns 21,727 shares of the company’s stock valued at $79,000 after acquiring an additional 9,885 shares during the period. 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.