OPAL Fuels Inc. (NASDAQ:OPAL) Receives Average Rating of “Reduce” from Brokerages

Shares of OPAL Fuels Inc. (NASDAQ:OPAL) have received an average rating of “Reduce” from the six brokerages that are covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating and four have given a hold rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $2.8125.

OPAL has been the topic of a number of recent analyst reports. Zacks Research upgraded shares of OPAL Fuels from a “strong sell” rating to a “hold” rating in a research note on Monday, September 15th. Wall Street Zen raised OPAL Fuels from a “sell” rating to a “hold” rating in a research report on Saturday, November 15th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of OPAL Fuels in a research note on Tuesday, November 25th.

OPAL Fuels Trading Up 1.7%

Shares of NASDAQ:OPAL opened at $2.42 on Monday. The business’s 50-day moving average is $2.39 and its 200 day moving average is $2.51. The company has a debt-to-equity ratio of 32.18, a current ratio of 1.47 and a quick ratio of 1.33. OPAL Fuels has a 1 year low of $1.26 and a 1 year high of $4.08. The firm has a market capitalization of $419.63 million, a P/E ratio of 121.06 and a beta of 1.07.

OPAL Fuels (NASDAQ:OPAL) last issued its quarterly earnings results on Friday, November 7th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.09). The business had revenue of $83.36 million for the quarter, compared to analysts’ expectations of $98.03 million. OPAL Fuels had a negative return on equity of 1.84% and a negative net margin of 1.02%. On average, research analysts predict that OPAL Fuels will post 0.8 earnings per share for the current fiscal year.

Institutional Investors Weigh In On OPAL Fuels

Institutional investors and hedge funds have recently modified their holdings of the company. Virtu Financial LLC purchased a new stake in OPAL Fuels in the third quarter valued at approximately $49,000. Shay Capital LLC boosted its holdings in shares of OPAL Fuels by 185.0% in the 3rd quarter. Shay Capital LLC now owns 40,064 shares of the company’s stock valued at $88,000 after acquiring an additional 26,007 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of OPAL Fuels by 125.5% in the 3rd quarter. Invesco Ltd. now owns 2,937,645 shares of the company’s stock valued at $6,463,000 after acquiring an additional 1,634,645 shares during the last quarter. Dimensional Fund Advisors LP acquired a new stake in shares of OPAL Fuels in the third quarter worth $35,000. Finally, GSA Capital Partners LLP raised its holdings in shares of OPAL Fuels by 19.6% during the third quarter. GSA Capital Partners LLP now owns 157,793 shares of the company’s stock worth $347,000 after purchasing an additional 25,903 shares during the last quarter. Institutional investors and hedge funds own 12.16% of the company’s stock.

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.