OPAL Fuels Inc. (NASDAQ:OPAL - Get Free Report) CEO Adam Comora bought 5,400 shares of the firm's stock in a transaction dated Wednesday, June 11th. The stock was purchased at an average cost of $3.08 per share, for a total transaction of $16,632.00. Following the transaction, the chief executive officer now directly owns 211,817 shares of the company's stock, valued at $652,396.36. The trade was a 2.62% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Adam Comora also recently made the following trade(s):
- On Friday, June 13th, Adam Comora purchased 100 shares of OPAL Fuels stock. The stock was purchased at an average price of $3.10 per share, with a total value of $310.00.
- On Thursday, June 12th, Adam Comora acquired 2,600 shares of OPAL Fuels stock. The shares were purchased at an average price of $3.06 per share, for a total transaction of $7,956.00.
OPAL Fuels Price Performance
OPAL stock traded up $0.05 during mid-day trading on Thursday, hitting $3.28. The stock had a trading volume of 104,339 shares, compared to its average volume of 136,610. The firm has a fifty day simple moving average of $2.38 and a 200 day simple moving average of $2.65. The firm has a market capitalization of $568.65 million, a P/E ratio of 164.00 and a beta of 1.22. The company has a current ratio of 1.15, a quick ratio of 1.02 and a debt-to-equity ratio of 5.06. OPAL Fuels Inc. has a 52 week low of $1.26 and a 52 week high of $4.45.
OPAL Fuels (NASDAQ:OPAL - Get Free Report) last announced its quarterly earnings data on Thursday, May 8th. The company reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.62 by ($0.63). The firm had revenue of $85.41 million for the quarter, compared to analyst estimates of $85.08 million. OPAL Fuels had a negative net margin of 0.24% and a negative return on equity of 1.84%. As a group, research analysts forecast that OPAL Fuels Inc. will post 0.8 EPS for the current year.
Hedge Funds Weigh In On OPAL Fuels
Institutional investors have recently modified their holdings of the business. Squarepoint Ops LLC increased its holdings in OPAL Fuels by 20.2% in the 4th quarter. Squarepoint Ops LLC now owns 31,983 shares of the company's stock worth $108,000 after purchasing an additional 5,377 shares in the last quarter. Levin Capital Strategies L.P. grew its holdings in OPAL Fuels by 250.0% in the fourth quarter. Levin Capital Strategies L.P. now owns 35,000 shares of the company's stock worth $119,000 after purchasing an additional 25,000 shares during the period. Jane Street Group LLC acquired a new stake in OPAL Fuels in the 4th quarter valued at $238,000. Inspire Investing LLC raised its holdings in shares of OPAL Fuels by 64.2% in the 1st quarter. Inspire Investing LLC now owns 195,048 shares of the company's stock worth $359,000 after acquiring an additional 76,267 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of OPAL Fuels by 16.2% during the first quarter. Goldman Sachs Group Inc. now owns 203,006 shares of the company's stock valued at $374,000 after buying an additional 28,374 shares during the last quarter. Institutional investors and hedge funds own 12.16% of the company's stock.
Analysts Set New Price Targets
Several equities analysts recently commented on the stock. UBS Group decreased their price target on shares of OPAL Fuels from $7.00 to $3.50 and set a "buy" rating on the stock in a research note on Monday, March 17th. The Goldman Sachs Group increased their target price on shares of OPAL Fuels from $1.75 to $2.00 and gave the stock a "sell" rating in a research report on Monday, May 12th. Finally, Scotiabank cut their price target on OPAL Fuels from $5.00 to $3.50 and set a "sector perform" rating for the company in a research note on Friday, April 11th.
Check Out Our Latest Stock Analysis on OPAL Fuels
About OPAL Fuels
(
Get Free Report)
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.
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