OPAL Fuels Inc. (NASDAQ:OPAL) Receives $10.43 Consensus Price Target from Analysts

OPAL Fuels Inc. (NASDAQ:OPAL) has been given an average recommendation of “Moderate Buy” by the six analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $10.43.

A number of equities analysts recently commented on the stock. B. Riley decreased their price objective on shares of OPAL Fuels from $14.00 to $10.00 and set a “buy” rating for the company in a research note on Thursday, March 7th. UBS Group decreased their target price on shares of OPAL Fuels from $11.00 to $8.00 and set a “buy” rating for the company in a research note on Tuesday, March 19th. Stifel Nicolaus decreased their target price on shares of OPAL Fuels from $14.00 to $13.00 and set a “buy” rating for the company in a research note on Tuesday, January 23rd. The Goldman Sachs Group decreased their target price on shares of OPAL Fuels from $5.80 to $5.00 and set a “sell” rating for the company in a research note on Friday, March 15th. Finally, Scotiabank decreased their target price on shares of OPAL Fuels from $10.50 to $8.00 and set a “sector outperform” rating for the company in a research note on Thursday, April 11th.

OPAL Fuels Price Performance

OPAL stock opened at $4.74 on Friday. OPAL Fuels has a 12 month low of $4.43 and a 12 month high of $8.46. The firm has a market cap of $817.56 million, a PE ratio of 6.77 and a beta of 0.52. The firm has a 50 day simple moving average of $4.84 and a 200 day simple moving average of $5.48.

OPAL Fuels (NASDAQ:OPAL) last posted its quarterly earnings data on Wednesday, March 13th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $87.01 million during the quarter, compared to analyst estimates of $98.77 million. As a group, sell-side analysts expect that OPAL Fuels will post 0.59 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in OPAL Fuels by 2.7% in the 4th quarter. Vanguard Group Inc. now owns 1,588,093 shares of the company’s stock worth $8,766,000 after acquiring an additional 41,030 shares during the period. West Tower Group LLC bought a new position in OPAL Fuels in the 4th quarter worth $173,000. Grizzlyrock Capital LLC bought a new position in OPAL Fuels in the 4th quarter worth $4,611,000. HITE Hedge Asset Management LLC raised its holdings in OPAL Fuels by 81.8% in the 4th quarter. HITE Hedge Asset Management LLC now owns 383,118 shares of the company’s stock worth $2,115,000 after acquiring an additional 172,360 shares during the period. Finally, Stifel Financial Corp grew its position in OPAL Fuels by 48.3% in the 4th quarter. Stifel Financial Corp now owns 90,130 shares of the company’s stock worth $498,000 after purchasing an additional 29,358 shares during the last quarter. Institutional investors 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.