OPAL Fuels Inc. (NASDAQ:OPAL) Director Purchases $31,700.00 in Stock

OPAL Fuels Inc. (NASDAQ:OPAL - Get Free Report) Director Nadeem Nisar acquired 10,000 shares of the company's stock in a transaction that occurred on Friday, June 13th. The shares were acquired at an average cost of $3.17 per share, with a total value of $31,700.00. Following the purchase, the director now directly owns 141,712 shares of the company's stock, valued at $449,227.04. This trade represents a 7.59% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

Nadeem Nisar also recently made the following trade(s):

• On Friday, May 23rd, Nadeem Nisar purchased 5,000 shares of OPAL Fuels stock. The shares were acquired at an average price of $2.87 per share, with a total value of $14,350.00.
• On Thursday, May 22nd, Nadeem Nisar acquired 10,000 shares of OPAL Fuels stock. The shares were acquired at an average cost of $2.54 per share, with a total value of $25,400.00.

OPAL Fuels Trading Up 1.5%

Shares of OPAL traded up $0.05 during mid-day trading on Thursday, reaching $3.28. The company's stock had a trading volume of 104,339 shares, compared to its average volume of 136,610. The company has a current ratio of 1.15, a quick ratio of 1.02 and a debt-to-equity ratio of 5.06. The stock has a market cap of $568.65 million, a PE ratio of 164.00 and a beta of 1.22. The company's fifty day moving average price is $2.38 and its two-hundred day moving average price is $2.65. 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 released its earnings results on Thursday, May 8th. The company reported ($0.01) earnings per share for the quarter, missing analysts' consensus estimates of $0.62 by ($0.63). OPAL Fuels had a negative net margin of 0.24% and a negative return on equity of 1.84%. The company had revenue of $85.41 million during the quarter, compared to the consensus estimate of $85.08 million. On average, analysts predict that OPAL Fuels Inc. will post 0.8 earnings per share for the current fiscal year.

Institutional Trading of OPAL Fuels

Institutional investors have recently made changes to their positions in the stock. Squarepoint Ops LLC raised its holdings in OPAL Fuels by 20.2% during the 4th quarter. Squarepoint Ops LLC now owns 31,983 shares of the company's stock valued at $108,000 after buying an additional 5,377 shares during the last quarter. Levin Capital Strategies L.P. raised its stake in shares of OPAL Fuels by 250.0% during the fourth quarter. Levin Capital Strategies L.P. now owns 35,000 shares of the company's stock valued at $119,000 after acquiring an additional 25,000 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of OPAL Fuels during the fourth quarter worth about $238,000. Marshall Wace LLP bought a new stake in shares of OPAL Fuels in the fourth quarter worth about $389,000. Finally, Ardsley Advisory Partners LP increased its holdings in OPAL Fuels by 20.0% during the 4th quarter. Ardsley Advisory Partners LP now owns 150,000 shares of the company's stock valued at $508,000 after purchasing an additional 25,000 shares during the period. Hedge funds and other institutional investors own 12.16% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on OPAL. UBS Group dropped their target price on shares of OPAL Fuels from $7.00 to $3.50 and set a "buy" rating for the company in a research report on Monday, March 17th. Scotiabank dropped their price objective on shares of OPAL Fuels from $5.00 to $3.50 and set a "sector perform" rating for the company in a report on Friday, April 11th. Finally, The Goldman Sachs Group upped 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.

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.