OPAL Fuels Inc. (NASDAQ:OPAL) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of OPAL Fuels Inc. (NASDAQ:OPAL) have received an average rating of “Moderate Buy” from the six ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $7.90.

OPAL has been the subject of several recent analyst reports. The Goldman Sachs Group lowered their target price on OPAL Fuels from $4.50 to $3.90 and set a “sell” rating for the company in a research note on Friday, August 9th. Scotiabank downgraded shares of OPAL Fuels from a “sector outperform” rating to a “sector perform” rating and lowered their price objective for the company from $8.00 to $5.00 in a research report on Tuesday, September 3rd. Finally, UBS Group cut their target price on OPAL Fuels from $8.00 to $7.50 and set a “buy” rating on the stock in a research note on Friday, August 9th.

OPAL Fuels Trading Up 1.4 %

NASDAQ:OPAL opened at $3.66 on Thursday. OPAL Fuels has a 12-month low of $3.04 and a 12-month high of $6.47. The company’s 50-day moving average is $3.64 and its two-hundred day moving average is $4.09. The firm has a market cap of $632.53 million, a price-to-earnings ratio of 45.75 and a beta of 0.48.

OPAL Fuels (NASDAQ:OPAL) last issued its earnings results on Wednesday, August 7th. The company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.10 by $0.01. OPAL Fuels had a negative return on equity of 2.14% and a net margin of 2.50%. The business had revenue of $70.95 million for the quarter, compared to analyst estimates of $80.68 million. On average, equities research analysts forecast that OPAL Fuels will post 0.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On OPAL Fuels

A number of institutional investors have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC bought a new stake in shares of OPAL Fuels during the 2nd quarter worth $93,000. Levin Capital Strategies L.P. purchased a new position in shares of OPAL Fuels during the 1st quarter valued at $136,000. Marshall Wace LLP purchased a new position in OPAL Fuels in the second quarter valued at about $389,000. Inspire Investing LLC acquired a new stake in OPAL Fuels in the third quarter valued at approximately $430,000. Finally, SIR Capital Management L.P. lifted its stake in shares of 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 purchasing an additional 167,940 shares during the last quarter. 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.