OPAL Fuels Inc. (NASDAQ:OPAL) Director Scott V. Dols Purchases 12,700 Shares

OPAL Fuels Inc. (NASDAQ:OPAL - Get Free Report) Director Scott V. Dols acquired 12,700 shares of the business's stock in a transaction dated Friday, May 23rd. The shares were acquired at an average price of $2.72 per share, for a total transaction of $34,544.00. Following the acquisition, the director now directly owns 129,599 shares in the company, valued at $352,509.28. This represents a 10.86% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

OPAL Fuels Stock Performance

NASDAQ OPAL traded down $0.12 during trading on Friday, hitting $3.58. The stock had a trading volume of 284,433 shares, compared to its average volume of 133,000. The company 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 price is $1.96 and its two-hundred day moving average price is $2.69. OPAL Fuels Inc. has a 12 month low of $1.26 and a 12 month high of $4.92.

OPAL Fuels (NASDAQ:OPAL - Get Free Report) last released its earnings results 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 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%. As a group, equities analysts anticipate that OPAL Fuels Inc. will post 0.8 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on OPAL. UBS Group cut their price objective on OPAL Fuels from $7.00 to $3.50 and set a "buy" rating on the stock in a report on Monday, March 17th. Scotiabank cut their price objective on OPAL Fuels from $5.00 to $3.50 and set a "sector perform" rating on the stock in a report on Friday, April 11th. Finally, The Goldman Sachs Group lifted their price objective on OPAL Fuels from $1.75 to $2.00 and gave the company a "sell" rating in a report on Monday, May 12th.

Institutional Investors Weigh In On OPAL Fuels

Several institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC increased its position in shares of OPAL Fuels by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 262,876 shares of the company's stock worth $891,000 after purchasing an additional 5,327 shares during the last quarter. Squarepoint Ops LLC increased its holdings in shares of 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 acquiring an additional 5,377 shares during the last quarter. Yaupon Capital Management LP grew its holdings in OPAL Fuels by 1.6% in the 1st quarter. Yaupon Capital Management LP now owns 711,508 shares of the company's stock valued at $1,309,000 after buying an additional 11,454 shares in the last quarter. Levin Capital Strategies L.P. grew its holdings in OPAL Fuels by 250.0% in the 4th quarter. Levin Capital Strategies L.P. now owns 35,000 shares of the company's stock valued at $119,000 after buying an additional 25,000 shares in the last quarter. Finally, Ardsley Advisory Partners LP grew its holdings in OPAL Fuels by 20.0% in the 4th quarter. Ardsley Advisory Partners LP now owns 150,000 shares of the company's stock valued at $508,000 after buying an additional 25,000 shares in the last quarter. 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.