OPAL Fuels Inc. (NASDAQ:OPAL) Receives $8.67 Average PT from Analysts

Shares of OPAL Fuels Inc. (NASDAQ:OPAL) have earned an average rating of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $8.67.

A number of brokerages recently commented on OPAL. B. Riley reissued a “buy” rating and issued a $10.00 price objective on shares of OPAL Fuels in a research note on Friday, June 7th. Scotiabank reduced their target price on shares of OPAL Fuels from $10.50 to $8.00 and set a “sector outperform” rating on the stock in a report on Thursday, April 11th. Finally, Piper Sandler reduced their target price 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.

Insider Transactions at OPAL Fuels

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

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. DAVENPORT & Co LLC purchased a new position in OPAL Fuels in the fourth quarter valued at approximately $61,000. Levin Capital Strategies L.P. purchased a new position in OPAL Fuels in the first quarter valued at approximately $136,000. Yarra Square Partners LP raised its holdings in OPAL Fuels by 18.9% in the fourth quarter. Yarra Square Partners LP now owns 313,900 shares of the company’s stock valued at $1,733,000 after buying an additional 50,000 shares during the period. Grizzlyrock Capital LLC purchased a new position in OPAL Fuels in the fourth quarter valued at approximately $4,611,000. Finally, Vanguard Group Inc. grew its position in OPAL Fuels by 5.4% in the first quarter. Vanguard Group Inc. now owns 1,674,624 shares of the company’s stock valued at $8,407,000 after acquiring an additional 86,531 shares in the last quarter. Hedge funds and other institutional investors own 12.16% of the company’s stock.

OPAL Fuels Stock Up 0.7 %

NASDAQ:OPAL opened at $4.07 on Tuesday. OPAL Fuels has a fifty-two week low of $3.91 and a fifty-two week high of $8.46. The stock has a market cap of $701.99 million, a PE ratio of 5.43 and a beta of 0.50. The firm’s fifty day simple moving average is $4.36 and its 200-day simple moving average is $4.68.

OPAL Fuels (NASDAQ:OPAL) last issued its quarterly earnings data on Thursday, May 9th. The company reported ($0.01) EPS for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). The business had revenue of $64.95 million during the quarter, compared to analyst estimates 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 period in the previous year, the company posted ($0.06) earnings per share. Equities analysts anticipate that OPAL Fuels will post 0.57 earnings per share 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.