Wall Street Zen Downgrades OPAL Fuels (NASDAQ:OPAL) to Sell

OPAL Fuels (NASDAQ:OPAL) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

Several other equities analysts have also weighed in on the company. Weiss Ratings restated a “sell (d)” rating on shares of OPAL Fuels in a research note on Monday. Zacks Research raised OPAL Fuels from a “strong sell” rating to a “hold” rating in a report on Monday, September 15th. Four research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, OPAL Fuels has an average rating of “Reduce” and an average target price of $2.81.

OPAL Fuels Price Performance

Shares of NASDAQ OPAL opened at $2.63 on Friday. The company has a debt-to-equity ratio of 32.18, a current ratio of 1.47 and a quick ratio of 1.33. The stock has a market capitalization of $456.04 million, a price-to-earnings ratio of 131.57 and a beta of 1.07. The firm’s 50 day simple moving average is $2.39 and its 200-day simple moving average is $2.51. OPAL Fuels has a 12 month low of $1.26 and a 12 month high of $4.08.

OPAL Fuels (NASDAQ:OPAL) last announced its quarterly earnings results on Friday, November 7th. The company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.09). The firm 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%. Analysts expect that OPAL Fuels will post 0.8 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in OPAL. Engineers Gate Manager LP purchased a new position in OPAL Fuels in the 2nd quarter valued at $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in shares of OPAL Fuels in the second quarter valued at about $28,000. Intech Investment Management LLC purchased a new position in shares of OPAL Fuels in the second quarter worth about $28,000. Shay Capital LLC acquired a new position in OPAL Fuels during the second quarter worth about $34,000. Finally, AssuredPartners Investment Advisors LLC purchased a new stake in OPAL Fuels during the 3rd quarter valued at about $33,000. 12.16% of the stock is owned by institutional investors and hedge funds.

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.