OPAL Fuels Inc. (NASDAQ:OPAL) Director Purchases $94,205.32 in Stock

OPAL Fuels Inc. (NASDAQ:OPAL - Get Free Report) Director Scott V. Dols bought 37,532 shares of the business's stock in a transaction on Thursday, May 22nd. The shares were acquired at an average price of $2.51 per share, with a total value of $94,205.32. Following the completion of the purchase, the director now directly owns 116,899 shares of the company's stock, valued at approximately $293,416.49. The trade was a 47.29% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink.

OPAL Fuels Stock Performance

Shares of OPAL traded down $0.12 during trading hours on Friday, reaching $3.58. The stock had a trading volume of 284,433 shares, compared to its average volume of 133,000. OPAL Fuels Inc. has a 12 month low of $1.26 and a 12 month high of $4.92. The stock has a market capitalization of $620.67 million, a PE ratio of 19.89 and a beta of 0.69. The company's 50-day moving average is $1.96 and its two-hundred day moving average is $2.69.

OPAL Fuels (NASDAQ:OPAL - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported ($0.01) EPS for the quarter, missing analysts' consensus estimates of $0.62 by ($0.63). The firm had revenue of $85.41 million during the quarter, compared to the consensus estimate of $85.08 million. OPAL Fuels had a net margin of 3.30% and a negative return on equity of 4.08%. Equities analysts anticipate that OPAL Fuels Inc. will post 0.8 earnings per share for the current fiscal year.

Analysts Set New Price Targets

OPAL has been the subject of several recent analyst reports. Scotiabank cut their target price 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. The Goldman Sachs Group increased their price target on OPAL Fuels from $1.75 to $2.00 and gave the company a "sell" rating in a research note on Monday, May 12th. Finally, UBS Group dropped their price target on OPAL Fuels from $7.00 to $3.50 and set a "buy" rating for the company in a research note on Monday, March 17th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Squarepoint Ops LLC raised its position in OPAL Fuels by 20.2% during 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 during the last quarter. Levin Capital Strategies L.P. raised its position in OPAL Fuels by 250.0% during the 4th 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 last quarter. Jane Street Group LLC bought a new position in OPAL Fuels during the 4th quarter worth $238,000. Goldman Sachs Group Inc. raised its position in OPAL Fuels by 16.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 203,006 shares of the company's stock worth $374,000 after purchasing an additional 28,374 shares during the last quarter. Finally, Marshall Wace LLP bought a new position in OPAL Fuels during the 4th quarter worth $389,000. 12.16% of the stock is owned by institutional investors.

About OPAL Fuels

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.