OPAL Fuels (NASDAQ:OPAL) Given New $2.00 Price Target at The Goldman Sachs Group

OPAL Fuels (NASDAQ:OPAL) had its price objective decreased by investment analysts at The Goldman Sachs Group from $3.40 to $2.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has a “sell” rating on the stock. The Goldman Sachs Group’s price target suggests a potential downside of 0.99% from the stock’s previous close.

Separately, UBS Group decreased their target price on OPAL Fuels from $7.00 to $3.50 and set a “buy” rating for the company in a research note on Monday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $5.70.

OPAL Fuels Stock Up 1.5 %

Shares of OPAL Fuels stock opened at $2.02 on Tuesday. OPAL Fuels has a 12 month low of $1.89 and a 12 month high of $5.18. The business has a fifty day simple moving average of $2.83 and a 200 day simple moving average of $3.33. The stock has a market cap of $349.11 million, a PE ratio of 11.22 and a beta of 0.56.

OPAL Fuels (NASDAQ:OPAL) last posted its earnings results on Thursday, March 13th. The company reported ($0.05) earnings per share 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 business had revenue of $80.02 million for the quarter, compared to the consensus estimate of $90.94 million. Analysts expect that OPAL Fuels will post 0.8 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of OPAL. GSA Capital Partners LLP boosted its position in shares of OPAL Fuels by 69.3% during the third quarter. GSA Capital Partners LLP now owns 96,056 shares of the company’s stock worth $351,000 after buying an additional 39,325 shares during the period. Janus Henderson Group PLC boosted its position in shares of OPAL Fuels by 83.5% during the third quarter. Janus Henderson Group PLC now owns 21,727 shares of the company’s stock worth $79,000 after buying an additional 9,885 shares during the period. Yaupon Capital Management LP boosted its position in shares of OPAL Fuels by 17.0% during the third quarter. Yaupon Capital Management LP now owns 700,054 shares of the company’s stock worth $2,555,000 after buying an additional 101,955 shares during the period. Geode Capital Management LLC boosted its position in shares of OPAL Fuels by 19.1% during the third quarter. Geode Capital Management LLC now owns 257,549 shares of the company’s stock worth $940,000 after buying an additional 41,250 shares during the period. Finally, Levin Capital Strategies L.P. boosted its position in shares of OPAL Fuels by 250.0% during the fourth quarter. Levin Capital Strategies L.P. now owns 35,000 shares of the company’s stock worth $119,000 after buying an additional 25,000 shares during the period. 12.16% of the stock is owned by institutional investors and hedge funds.

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.