Scott Mcdougald Sutton Purchases 50,000 Shares of OPAL Fuels (NASDAQ:OPAL) Stock

OPAL Fuels Inc. (NASDAQ:OPAL) Director Scott Mcdougald Sutton bought 50,000 shares of the stock in a transaction on Thursday, June 11th. The stock was purchased at an average price 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 in the company, valued at approximately $97,500. This represents a ? increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

OPAL Fuels Price Performance

OPAL Fuels stock opened at $1.85 on Wednesday. OPAL Fuels Inc. has a 52 week low of $1.65 and a 52 week high of $3.40. The business has a 50-day simple moving average of $2.22 and a 200 day simple moving average of $2.30. The company has a quick ratio of 2.07, a current ratio of 2.20 and a debt-to-equity ratio of 23.21. The stock has a market cap of $320.79 million, a price-to-earnings ratio of 26.43 and a beta of 0.77.

OPAL Fuels (NASDAQ:OPAL) last issued its quarterly earnings results on Saturday, May 9th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.16). OPAL Fuels had a net margin of 1.33% and a negative return on equity of 479.62%. The business had revenue of $73.38 million for the quarter, compared to the consensus estimate of $93.87 million. On average, research analysts forecast that OPAL Fuels Inc. will post -0.2 earnings per share for the current fiscal year.

Institutional Trading of OPAL Fuels

A number of institutional investors have recently modified their holdings of the company. Renaissance Technologies LLC purchased a new position in OPAL Fuels during the 1st quarter valued at about $29,000. Bank of New York Mellon Corp lifted its holdings in OPAL Fuels by 18.6% in the 1st quarter. Bank of New York Mellon Corp now owns 41,739 shares of the company’s stock worth $105,000 after buying an additional 6,548 shares during the period. Inspire Investing LLC purchased a new stake in OPAL Fuels in the 1st quarter worth approximately $554,000. J. Derek Lewis & Associates Inc. bought a new stake in shares of OPAL Fuels in the 4th quarter worth approximately $742,000. Finally, Virtu Financial LLC grew its position in shares of OPAL Fuels by 39.1% in the 4th quarter. Virtu Financial LLC now owns 31,008 shares of the company’s stock worth $73,000 after buying an additional 8,719 shares during the last quarter. 12.16% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on OPAL shares. Zacks Research raised shares of OPAL Fuels from a “strong sell” rating to a “hold” rating in a report on Tuesday, May 5th. The Goldman Sachs Group upped their target price on shares of OPAL Fuels from $2.10 to $2.40 and gave the stock a “sell” rating in a research report on Tuesday, March 17th. Wall Street Zen upgraded OPAL Fuels from a “strong sell” rating to a “sell” rating in a research report on Sunday, May 24th. Finally, Weiss Ratings lowered OPAL Fuels from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Wednesday, May 13th. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus target price of $2.72.

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.