Scotiabank Lowers OPAL Fuels (NASDAQ:OPAL) Price Target to $8.00

OPAL Fuels (NASDAQ:OPAL - Get Free Report) had its price objective decreased by stock analysts at Scotiabank from $10.50 to $8.00 in a report issued on Thursday, Benzinga reports. The firm presently has a "sector outperform" rating on the stock. Scotiabank's target price suggests a potential upside of 63.93% from the company's previous close.

Other equities analysts also recently issued research reports about the stock. Stifel Nicolaus dropped their price target on shares of OPAL Fuels from $14.00 to $13.00 and set a "buy" rating for the company in a research note on Tuesday, January 23rd. UBS Group dropped their price target on shares of OPAL Fuels from $11.00 to $8.00 and set a "buy" rating for the company in a research note on Tuesday, March 19th. B. Riley dropped their price target on shares of OPAL Fuels from $14.00 to $10.00 and set a "buy" rating for the company in a research note on Thursday, March 7th. Finally, The Goldman Sachs Group dropped their price target on shares of OPAL Fuels from $5.80 to $5.00 and set a "sell" rating for the company in a research note on Friday, March 15th. One research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $10.43.

OPAL Fuels Trading Down 1.2 %

NASDAQ:OPAL traded down $0.06 on Thursday, hitting $4.88. The company had a trading volume of 42,976 shares, compared to its average volume of 68,295. The stock has a market capitalization of $841.70 million, a price-to-earnings ratio of 6.97 and a beta of 0.52. The firm has a 50 day moving average of $4.84 and a two-hundred day moving average of $5.58. OPAL Fuels has a 52 week low of $4.43 and a 52 week high of $8.46.

OPAL Fuels (NASDAQ:OPAL - Get Free Report) last issued its quarterly earnings data on Wednesday, March 13th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.22 by ($0.11). The company had revenue of $87.01 million during the quarter, compared to the consensus estimate of $98.77 million. OPAL Fuels had a net margin of 10.61% and a negative return on equity of 1.07%. As a group, equities analysts forecast that OPAL Fuels will post 0.59 EPS for the current year.

Hedge Funds Weigh In On OPAL Fuels

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. acquired a new stake in OPAL Fuels in the third quarter worth $1,297,000. Geode Capital Management LLC grew its holdings in OPAL Fuels by 12.6% in the fourth quarter. Geode Capital Management LLC now owns 37,658 shares of the company's stock worth $274,000 after purchasing an additional 4,222 shares during the period. Alyeska Investment Group L.P. acquired a new stake in OPAL Fuels in the fourth quarter worth $255,000. Boothbay Fund Management LLC acquired a new stake in OPAL Fuels in the fourth quarter worth $223,000. Finally, Morgan Stanley grew its holdings in OPAL Fuels by 748.8% in the fourth quarter. Morgan Stanley now owns 13,802 shares of the company's stock worth $100,000 after purchasing an additional 12,176 shares during the period. Institutional investors own 12.16% of the company's stock.

OPAL Fuels Company Profile

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.