OPAL Fuels (NASDAQ:OPAL) Upgraded by Wall Street Zen to “Sell” Rating

Wall Street Zen upgraded shares of OPAL Fuels (NASDAQ:OPAL) from a strong sell rating to a sell rating in a report released on Saturday morning.

A number of other research firms have also commented on OPAL. Zacks Research upgraded OPAL Fuels from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 5th. Weiss Ratings downgraded OPAL Fuels from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Wednesday, May 13th. One equities research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat, OPAL Fuels has an average rating of “Sell” and a consensus target price of $2.40.

OPAL Fuels Stock Performance

Shares of NASDAQ:OPAL opened at $2.35 on Friday. OPAL Fuels has a 12-month low of $1.65 and a 12-month high of $2.87. The company’s 50 day moving average price is $2.14 and its two-hundred day moving average price is $2.24. The firm has a market cap of $407.49 million, a PE ratio of 33.58 and a beta of 0.77. The company has a quick ratio of 2.07, a current ratio of 2.20 and a debt-to-equity ratio of 23.21.

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

Insider Buying and Selling at OPAL Fuels

In other OPAL Fuels news, Director Scott Mcdougald Sutton bought 50,000 shares of the business’s stock in a transaction 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 purchase, the director directly owned 50,000 shares of the company’s stock, valued at approximately $97,500. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders have purchased 72,292 shares of company stock worth $142,845. Corporate insiders own 85.69% of the company’s stock.

Institutional Trading of OPAL Fuels

Several hedge funds and other institutional investors have recently made changes to their positions in OPAL. Zions Bancorporation National Association UT bought a new stake in shares of OPAL Fuels in the 4th quarter valued at about $27,000. Mariner LLC bought a new position in shares of OPAL Fuels during the fourth quarter worth about $27,000. Engineers Gate Manager LP bought a new position in shares of OPAL Fuels during the second quarter worth about $27,000. Intech Investment Management LLC acquired a new position in shares of OPAL Fuels in the second quarter worth approximately $28,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in shares of OPAL Fuels in the second quarter worth approximately $28,000. 12.16% of the stock is currently owned by institutional investors.

OPAL Fuels Company Profile

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.