OPAL Fuels (NASDAQ:OPAL) Given New $3.50 Price Target at UBS Group

OPAL Fuels (NASDAQ:OPAL) had its price target decreased by UBS Group from $7.00 to $3.50 in a research report report published on Monday morning,Benzinga reports. UBS Group currently has a buy rating on the stock.

Separately, The Goldman Sachs Group reduced their price target on shares of OPAL Fuels from $3.90 to $3.40 and set a “sell” rating for the company in a research report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, OPAL Fuels presently has an average rating of “Hold” and a consensus price target of $5.98.

OPAL Fuels Price Performance

Shares of OPAL opened at $2.10 on Monday. OPAL Fuels has a one year low of $1.89 and a one year high of $5.18. The company has a 50-day moving average of $2.89 and a two-hundred day moving average of $3.35. The stock has a market cap of $362.94 million, a price-to-earnings ratio of 11.67 and a beta of 0.56.

OPAL Fuels (NASDAQ:OPAL) last announced its earnings results on Thursday, March 13th. The company reported ($0.05) EPS for the quarter, missing the consensus estimate of $0.44 by ($0.49). OPAL Fuels had a negative return on equity of 4.08% and a net margin of 3.30%. The firm had revenue of $80.02 million during the quarter, compared to analyst estimates of $90.94 million. Analysts anticipate that OPAL Fuels will post 0.8 earnings per share for the current year.

Institutional Trading of OPAL Fuels

A number of hedge funds have recently made changes to their positions in the stock. Squarepoint Ops LLC lifted its position in shares of OPAL Fuels by 20.2% in the fourth quarter. Squarepoint Ops LLC now owns 31,983 shares of the company’s stock worth $108,000 after purchasing an additional 5,377 shares in the last quarter. Ardsley Advisory Partners LP raised its position in OPAL Fuels by 20.0% during the fourth quarter. Ardsley Advisory Partners LP now owns 150,000 shares of the company’s stock valued at $508,000 after acquiring an additional 25,000 shares in the last quarter. Jane Street Group LLC bought a new position in OPAL Fuels during the fourth quarter valued at approximately $238,000. Marshall Wace LLP bought a new position in OPAL Fuels during the fourth quarter valued at approximately $389,000. Finally, Invesco Ltd. raised its position in OPAL Fuels by 22.5% during the fourth quarter. Invesco Ltd. now owns 1,446,536 shares of the company’s stock valued at $4,904,000 after acquiring an additional 265,762 shares in the last quarter. 12.16% of the stock is owned by hedge funds and other institutional investors.

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.