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

Shares of OPAL Fuels Inc. (NASDAQ:OPAL) have been given a consensus recommendation of “Moderate Buy” by the seven brokerages that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell rating and six have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $9.29.

Several analysts recently issued reports on OPAL shares. 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. The Goldman Sachs Group reduced their price target on shares of OPAL Fuels from $5.80 to $5.00 and set a “sell” rating for the company in a research report on Friday, March 15th. Scotiabank reduced their price target on shares of OPAL Fuels from $10.50 to $8.00 and set a “sector outperform” rating for the company in a research report on Thursday, April 11th. UBS Group reduced their price target on shares of OPAL Fuels from $11.00 to $8.00 and set a “buy” rating for the company in a research report on Tuesday, March 19th. Finally, Stifel Nicolaus reduced their price target on shares of OPAL Fuels from $14.00 to $13.00 and set a “buy” rating for the company in a research report on Tuesday, January 23rd.

Institutional Investors Weigh In On OPAL Fuels

A number of hedge funds have recently made changes to their positions in OPAL. DAVENPORT & Co LLC bought a new stake in shares of OPAL Fuels during the 4th quarter worth $61,000. Bank of New York Mellon Corp bought a new stake in shares of OPAL Fuels during the 3rd quarter worth $125,000. Advisors Asset Management Inc. raised its stake in shares of OPAL Fuels by 27.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 43,005 shares of the company’s stock worth $353,000 after purchasing an additional 9,223 shares during the period. Iridian Asset Management LLC CT raised its stake in shares of OPAL Fuels by 52.9% during the 3rd quarter. Iridian Asset Management LLC CT now owns 74,873 shares of the company’s stock worth $614,000 after purchasing an additional 25,897 shares during the period. Finally, Yarra Square Partners LP raised its stake in OPAL Fuels by 18.9% in the 4th quarter. Yarra Square Partners LP now owns 313,900 shares of the company’s stock valued at $1,733,000 after acquiring an additional 50,000 shares during the period. 12.16% of the stock is currently owned by institutional investors.

OPAL Fuels Stock Up 1.4 %

Shares of OPAL stock opened at $4.95 on Thursday. The company has a market cap of $853.79 million, a price-to-earnings ratio of 7.07 and a beta of 0.53. OPAL Fuels has a 52 week low of $4.43 and a 52 week high of $8.46. The firm has a 50 day moving average of $4.81 and a 200-day moving average of $5.19.

OPAL Fuels (NASDAQ:OPAL) last announced its quarterly earnings data 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 negative return on equity of 1.07% and a net margin of 10.61%. The company had revenue of $87.01 million for the quarter, compared to analyst estimates of $98.77 million. Analysts anticipate that OPAL Fuels will post 0.53 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.