OPAL Fuels Inc. (NASDAQ:OPAL) Given Consensus Recommendation of "Reduce" by Brokerages

Key Points

• OPAL Fuels Inc. has received a consensus recommendation of "Reduce" from six brokerages, with two analysts issuing sell ratings and four holding ratings, leading to an average price target of $2.8125.
• CEO Adam Comora purchased 21,744 shares at an average price of $2.30 per share, increasing his ownership by 10.14% and holding a total of 236,261 shares now valued at approximately $543,400.
• OPAL Fuels reported earnings of $0.03 per share for the last quarter, missing estimates by $0.10, with total revenue of $80.46 million against an expected $88.75 million.

Shares of OPAL Fuels Inc. (NASDAQ:OPAL - Get Free Report) have earned a consensus recommendation of "Reduce" from the six ratings firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating and four have issued a hold rating on the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $2.8125.

A number of research firms have commented on OPAL. UBS Group cut shares of OPAL Fuels from a "strong-buy" rating to a "hold" rating and reduced their price target for the stock from $3.50 to $2.75 in a report on Wednesday, July 23rd. Wall Street Zen downgraded OPAL Fuels from a "hold" rating to a "strong sell" rating in a research note on Saturday, August 16th. Johnson Rice downgraded OPAL Fuels from a "strong-buy" rating to a "hold" rating and dropped their price target for the stock from $4.00 to $3.00 in a research note on Tuesday, July 22nd. Weiss Ratings reissued a "sell (d+)" rating on shares of OPAL Fuels in a research note on Wednesday. Finally, Zacks Research upgraded OPAL Fuels from a "strong sell" rating to a "hold" rating in a report on Monday, September 15th.

Insiders Place Their Bets

In other OPAL Fuels news, CEO Adam Comora acquired 21,744 shares of the company's stock in a transaction on Friday, August 15th. The shares were purchased at an average cost of $2.30 per share, with a total value of $50,011.20. Following the completion of the purchase, the chief executive officer owned 236,261 shares of the company's stock, valued at approximately $543,400.30. This represents a 10.14% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 84.57% of the company's stock.

Hedge Funds Weigh In On OPAL Fuels

Several large investors have recently added to or reduced their stakes in OPAL. Engineers Gate Manager LP acquired a new position in OPAL Fuels during the 2nd quarter valued at about $27,000. Yaupon Capital Management LP boosted its position in shares of OPAL Fuels by 1.6% during the first 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 during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. bought a new stake in OPAL Fuels during the second quarter worth $28,000. Intech Investment Management LLC bought a new stake in OPAL Fuels during the second quarter worth $28,000. Finally, Shay Capital LLC purchased a new stake in OPAL Fuels in the 2nd quarter valued at $34,000. Institutional investors own 12.16% of the company's stock.

OPAL Fuels Stock Up 3.7%

Shares of OPAL Fuels stock opened at $2.50 on Friday. The stock's 50-day moving average is $2.31 and its 200 day moving average is $2.33. OPAL Fuels has a one year low of $1.26 and a one year high of $4.11. The firm has a market cap of $433.49 million, a price-to-earnings ratio of 41.67 and a beta of 1.06. The company has a debt-to-equity ratio of 5.06, a current ratio of 1.26 and a quick ratio of 1.12.

OPAL Fuels (NASDAQ:OPAL - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.10). The business had revenue of $80.46 million during the quarter, compared to analyst estimates of $88.75 million. OPAL Fuels had a negative net margin of 0.74% and a negative return on equity of 1.84%. Equities research analysts anticipate that OPAL Fuels will post 0.8 EPS for the current year.

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.

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