Brokerages Set OPAL Fuels Inc. (NASDAQ:OPAL) Price Target at $10.43

Shares of OPAL Fuels Inc. (NASDAQ:OPAL) have earned an average rating of “Moderate Buy” from the seven brokerages that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $9.29.

Several research firms recently weighed in on OPAL. B. Riley reduced their price target on shares of OPAL Fuels from $14.00 to $10.00 and set a “buy” rating for the company in a research report on Thursday, March 7th. UBS Group decreased their target price on OPAL Fuels from $11.00 to $8.00 and set a “buy” rating for the company in a research report on Tuesday, March 19th. The Goldman Sachs Group lowered their target price on OPAL Fuels from $5.80 to $5.00 and set a “sell” rating on the stock in a research note on Friday, March 15th. Stifel Nicolaus cut their price target on OPAL Fuels from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Tuesday, January 23rd. Finally, Piper Sandler lowered their price objective on OPAL Fuels from $13.00 to $8.00 and set an “overweight” rating on the stock in a research note on Thursday.

Hedge Funds Weigh In On OPAL Fuels

Several hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. bought a new stake in shares of OPAL Fuels during the 3rd quarter valued at about $1,297,000. Geode Capital Management LLC grew its position in OPAL Fuels by 12.6% during the fourth quarter. Geode Capital Management LLC now owns 37,658 shares of the company’s stock valued at $274,000 after acquiring an additional 4,222 shares during the last quarter. Alyeska Investment Group L.P. bought a new position in OPAL Fuels during the fourth quarter valued at approximately $255,000. Boothbay Fund Management LLC purchased a new position in shares of OPAL Fuels during the fourth quarter worth approximately $223,000. Finally, Morgan Stanley lifted its holdings in shares of OPAL Fuels by 748.8% in the 4th quarter. Morgan Stanley now owns 13,802 shares of the company’s stock worth $100,000 after acquiring an additional 12,176 shares during the last quarter. Hedge funds and other institutional investors own 12.16% of the company’s stock.

OPAL Fuels Stock Down 0.6 %

OPAL Fuels stock opened at $4.70 on Friday. OPAL Fuels has a 52 week low of $4.43 and a 52 week high of $8.46. The company’s 50 day moving average price is $4.84 and its two-hundred day moving average price is $5.47. The stock has a market cap of $810.67 million, a P/E ratio of 6.71 and a beta of 0.52.

OPAL Fuels (NASDAQ:OPAL) last posted its quarterly earnings data on Wednesday, March 13th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.22 by ($0.11). OPAL Fuels had a negative return on equity of 1.07% and a net margin of 10.61%. The business had revenue of $87.01 million during the quarter, compared to analysts’ expectations of $98.77 million. On average, equities analysts anticipate that OPAL Fuels will post 0.59 EPS for the current year.

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.