OPAL Fuels Inc. (NASDAQ:OPAL) Receives Average Recommendation of “Reduce” from Analysts

Shares of OPAL Fuels Inc. (NASDAQ:OPAL) have been given an average rating of “Reduce” by the five analysts that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $2.7167.

Several equities analysts recently weighed in on OPAL shares. Weiss Ratings downgraded OPAL Fuels from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. Zacks Research upgraded OPAL Fuels from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. Finally, Wall Street Zen downgraded shares of OPAL Fuels from a “sell” rating to a “strong sell” rating in a research note on Sunday, July 12th.

OPAL Fuels Stock Performance

Shares of OPAL opened at $2.53 on Tuesday. OPAL Fuels has a fifty-two week low of $1.65 and a fifty-two week high of $2.87. The company has a market capitalization of $438.70 million, a PE ratio of 36.15 and a beta of 0.77. The stock has a fifty day moving average of $2.10 and a two-hundred day moving average of $2.25. The company has a debt-to-equity ratio of 23.21, a quick ratio of 2.07 and a current ratio of 2.20.

OPAL Fuels (NASDAQ:OPAL) last posted its quarterly earnings data on Saturday, May 9th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.16). The business had revenue of $73.38 million for the quarter, compared to analyst estimates of $93.87 million. OPAL Fuels had a negative return on equity of 479.62% and a net margin of 1.33%.

Insider Transactions at OPAL Fuels

In related news, Director Scott Mcdougald Sutton bought 50,000 shares of the stock in a transaction that occurred on Thursday, June 11th. The stock was purchased at an average cost of $1.95 per share, for a total transaction of $97,500.00. Following the completion of the acquisition, the director owned 50,000 shares in the company, valued at $97,500. This trade represents a ? increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have purchased 72,292 shares of company stock valued at $142,845 in the last ninety days. 85.69% of the stock is currently owned by insiders.

Hedge Funds Weigh In On OPAL Fuels

Hedge funds have recently made changes to their positions in the stock. Zions Bancorporation National Association UT acquired a new stake in shares of OPAL Fuels during the 4th quarter worth $27,000. Mariner LLC purchased a new position in shares of OPAL Fuels in the 4th quarter worth $27,000. Engineers Gate Manager LP acquired a new position in OPAL Fuels in the second quarter valued at $27,000. Intech Investment Management LLC acquired a new position in OPAL Fuels in the second quarter valued at $28,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in OPAL Fuels during the second quarter valued at about $28,000. Institutional investors and hedge funds own 12.16% of the company’s stock.

About OPAL Fuels

OPAL Fuels (NASDAQ: OPAL) is a publicly traded company headquartered in San Diego, California, specializing in the production, distribution and dispensing of renewable natural gas (RNG) for heavy-duty transportation. The company operates a network of RNG fueling stations across California, offering fleets of trucks, transit buses and logistics providers a low-carbon alternative to conventional diesel without requiring significant changes to existing vehicle technology or fueling infrastructure.

OPAL Fuels sources organic byproducts from dairy farms, landfills and food-processing facilities, converting methane-rich biogas into pipeline-quality RNG through a series of anaerobic digestion and gas-upgrading processes.