OPAL Fuels (NASDAQ:OPAL) Shares Gap Down to $4.50

OPAL Fuels Inc. (NASDAQ:OPALGet Free Report)’s share price gapped down before the market opened on Tuesday . The stock had previously closed at $4.50, but opened at $4.30. OPAL Fuels shares last traded at $4.33, with a volume of 303 shares traded.

Analysts Set New Price Targets

OPAL has been the subject of a number of research analyst reports. Piper Sandler cut their target price on shares of OPAL Fuels from $13.00 to $8.00 and set an “overweight” rating for the company in a research report on Thursday, April 18th. The Goldman Sachs Group cut 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 report on Friday, March 15th. B. Riley reissued a “buy” rating and set a $10.00 target price on shares of OPAL Fuels in a research report on Friday, June 7th. Scotiabank cut 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 report on Thursday, April 11th. Finally, UBS Group cut their price objective 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. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, OPAL Fuels currently has a consensus rating of “Moderate Buy” and a consensus price target of $8.67.

Get Our Latest Stock Analysis on OPAL Fuels

OPAL Fuels Stock Up 0.7 %

The stock has a market cap of $752.01 million, a price-to-earnings ratio of 5.77 and a beta of 0.55. The company’s 50-day moving average is $4.76 and its 200-day moving average is $4.96.

OPAL Fuels (NASDAQ:OPALGet Free Report) last posted its quarterly earnings results on Thursday, May 9th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.03). OPAL Fuels had a negative return on equity of 1.06% and a net margin of 9.23%. The business had revenue of $64.95 million during the quarter, compared to analyst estimates of $85.18 million. During the same period last year, the company earned ($0.06) EPS. On average, research analysts forecast that OPAL Fuels Inc. will post 0.57 earnings per share for the current year.

Insider Buying and Selling

In related 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 value of $47,046.69. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other OPAL Fuels news, COO Anthony Falbo sold 9,621 shares of the company’s 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 legal filing with the SEC, which can be accessed through this link. Also, Director Scott V. Dols acquired 11,192 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were purchased at an average cost of $5.06 per share, for a total transaction of $56,631.52. Following the completion of the purchase, 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. Company insiders own 84.43% of the company’s stock.

Institutional Trading of OPAL Fuels

Several large investors have recently added to or reduced their stakes in OPAL. Invesco Ltd. bought a new stake in OPAL Fuels during the third quarter worth about $7,816,000. Grizzlyrock Capital LLC bought a new stake in shares of OPAL Fuels during the fourth quarter valued at approximately $4,611,000. HITE Hedge Asset Management LLC grew its stake in shares of OPAL Fuels by 81.8% during the fourth quarter. HITE Hedge Asset Management LLC now owns 383,118 shares of the company’s stock valued at $2,115,000 after purchasing an additional 172,360 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of OPAL Fuels by 5.4% during the first quarter. Vanguard Group Inc. now owns 1,674,624 shares of the company’s stock valued at $8,407,000 after purchasing an additional 86,531 shares during the last quarter. Finally, Yarra Square Partners LP grew its stake in shares of OPAL Fuels by 18.9% during the fourth quarter. Yarra Square Partners LP now owns 313,900 shares of the company’s stock valued at $1,733,000 after purchasing an additional 50,000 shares during the last quarter. 12.16% of the stock is owned by institutional investors.

OPAL Fuels Company Profile

(Get Free Report)

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.

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