Insider Buying: OPAL Fuels (NASDAQ:OPAL) Director Purchases 50,000 Shares of Stock

OPAL Fuels Inc. (NASDAQ:OPAL) Director Scott Mcdougald Sutton bought 50,000 shares of the stock in a transaction that occurred on Thursday, June 11th. The shares were purchased at an average cost of $1.95 per share, for a total transaction of $97,500.00. Following the completion of the acquisition, the director owned 50,000 shares of the company’s stock, valued at $97,500. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link.

OPAL Fuels Price Performance

Shares of OPAL Fuels stock opened at $1.93 on Monday. OPAL Fuels Inc. has a 52 week low of $1.65 and a 52 week high of $3.40. The company has a current ratio of 2.20, a quick ratio of 2.07 and a debt-to-equity ratio of 23.21. The stock has a market cap of $334.66 million, a PE ratio of 27.58 and a beta of 0.77. The company’s 50-day moving average price is $2.24 and its two-hundred day moving average price is $2.31.

OPAL Fuels (NASDAQ:OPAL) last posted its quarterly earnings data on Saturday, May 9th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.16). The business had revenue of $73.38 million for the quarter, compared to the consensus estimate of $93.87 million. OPAL Fuels had a net margin of 1.33% and a negative return on equity of 479.62%. As a group, sell-side analysts anticipate that OPAL Fuels Inc. will post -0.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have issued reports on OPAL. Weiss Ratings lowered shares of OPAL Fuels from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. The Goldman Sachs Group increased their price objective on OPAL Fuels from $2.10 to $2.40 and gave the company a “sell” rating in a research report on Tuesday, March 17th. Wall Street Zen raised OPAL Fuels from a “strong sell” rating to a “sell” rating in a research note on Sunday, May 24th. Finally, Zacks Research upgraded OPAL Fuels from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Three analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Reduce” and a consensus target price of $2.72.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP acquired a new position in OPAL Fuels in the 3rd quarter worth approximately $35,000. Shay Capital LLC purchased a new position in OPAL Fuels during the 2nd quarter worth approximately $34,000. Intech Investment Management LLC acquired a new stake in OPAL Fuels during the 2nd quarter valued at $28,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in OPAL Fuels during the 2nd quarter valued at $28,000. Finally, Zions Bancorporation National Association UT purchased a new stake in shares of OPAL Fuels in the fourth quarter valued at $27,000. 12.16% of the stock is currently owned by institutional investors and hedge funds.

OPAL Fuels Company Profile

OPAL Fuels (NASDAQ: OPAL) is a publicly traded company headquartered in San Diego, California, specializing in the production, distribution and dispensing of renewable natural gas (RNG) for heavy-duty transportation. The company operates a network of RNG fueling stations across California, offering fleets of trucks, transit buses and logistics providers a low-carbon alternative to conventional diesel without requiring significant changes to existing vehicle technology or fueling infrastructure.

OPAL Fuels sources organic byproducts from dairy farms, landfills and food-processing facilities, converting methane-rich biogas into pipeline-quality RNG through a series of anaerobic digestion and gas-upgrading processes.