OPAL Fuels (OPAL) to Release Earnings on Thursday

OPAL Fuels (NASDAQ:OPAL) will be releasing its earnings data after the market closes on Thursday, May 9th. Analysts expect OPAL Fuels to post earnings of $0.02 per share for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

OPAL Fuels (NASDAQ:OPAL) last released its quarterly earnings results on Wednesday, March 13th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.11). OPAL Fuels had a net margin of 10.61% and a negative return on equity of 1.07%. The business had revenue of $87.01 million during the quarter, compared to analyst estimates of $98.77 million. On average, analysts expect OPAL Fuels to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

OPAL Fuels Stock Performance

OPAL stock opened at $4.88 on Wednesday. The company’s 50-day simple moving average is $4.81 and its 200 day simple moving average is $5.19. OPAL Fuels has a 52 week low of $4.43 and a 52 week high of $8.46. The company has a market capitalization of $841.71 million, a PE ratio of 6.97 and a beta of 0.53.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. The Goldman Sachs Group reduced their price objective on shares of 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 reduced their price objective on shares of OPAL Fuels from $14.00 to $13.00 and set a “buy” rating on the stock in a research note on Tuesday, January 23rd. Piper Sandler reduced their price objective on shares of OPAL Fuels from $13.00 to $8.00 and set an “overweight” rating on the stock in a research note on Thursday, April 18th. Scotiabank reduced their price objective on shares of OPAL Fuels from $10.50 to $8.00 and set a “sector outperform” rating on the stock in a research note on Thursday, April 11th. Finally, B. Riley reduced their price objective on shares of OPAL Fuels from $14.00 to $10.00 and set a “buy” rating on the stock in a research note on Thursday, March 7th. One investment analyst has rated the stock with a sell rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $9.29.

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.