OPAL Fuels Inc. (NASDAQ:OPAL) Receives Consensus Rating of "Reduce" from Analysts

Key Points

• OPAL Fuels has a consensus analyst rating of "Reduce" from five covering analysts, with two sell ratings and three hold ratings. The average 12-month price target is about $2.72.
• The company reported a Q1 earnings miss, posting an EPS of -$0.09 versus expectations for $0.07, while revenue came in at $73.38 million, below the $93.87 million estimate.
• Despite cautious analyst sentiment, there has been recent insider buying, including a director purchase of 50,000 shares, and insiders now own a large majority of the stock.

Shares of OPAL Fuels Inc. (NASDAQ:OPAL - Get Free Report) have earned an average rating of "Reduce" from the five analysts that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation and three have given a hold recommendation to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $2.7167.

A number of equities analysts have recently weighed in on OPAL shares. Weiss Ratings lowered OPAL Fuels from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday, May 13th. Wall Street Zen lowered OPAL Fuels from a "sell" rating to a "strong sell" rating in a report on Sunday. The Goldman Sachs Group upped their price objective on OPAL Fuels from $2.10 to $2.40 and gave the company a "sell" rating in a report on Tuesday, March 17th. Finally, Zacks Research upgraded OPAL Fuels from a "strong sell" rating to a "hold" rating in a research report on Tuesday, May 5th.

OPAL Fuels Stock Down 1.4%

OPAL Fuels stock opened at $2.04 on Tuesday. The stock has a market cap of $353.74 million, a P/E ratio of 29.15 and a beta of 0.77. The company has a quick ratio of 2.07, a current ratio of 2.20 and a debt-to-equity ratio of 23.21. OPAL Fuels has a twelve month low of $1.65 and a twelve month high of $2.87. The company's 50-day moving average price is $2.08 and its two-hundred day moving average price is $2.25.

OPAL Fuels (NASDAQ:OPAL - Get Free Report) last issued its quarterly earnings data on Saturday, May 9th. The company reported ($0.09) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.16). OPAL Fuels had a negative return on equity of 479.62% and a net margin of 1.33%.The company had revenue of $73.38 million for the quarter, compared to analyst estimates of $93.87 million.

Insider Activity at OPAL Fuels

In other OPAL Fuels news, Director Scott Mcdougald Sutton purchased 50,000 shares of the firm's stock in a transaction that occurred on Thursday, June 11th. The shares were acquired at an average cost of $1.95 per share, for a total transaction of $97,500.00. Following the completion of the purchase, the director owned 50,000 shares of the company's stock, valued at approximately $97,500. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have bought 72,292 shares of company stock valued at $142,845 in the last 90 days. Corporate insiders own 85.69% of the company's stock.

Institutional Trading of OPAL Fuels

A number of institutional investors have recently bought and sold shares of the business. Renaissance Technologies LLC acquired a new position in shares of OPAL Fuels during the 1st quarter worth approximately $29,000. Bank of New York Mellon Corp increased its holdings in shares of OPAL Fuels by 18.6% during the first quarter. Bank of New York Mellon Corp now owns 41,739 shares of the company's stock worth $105,000 after purchasing an additional 6,548 shares during the period. Inspire Investing LLC bought a new position in shares of OPAL Fuels during the first quarter worth approximately $554,000. J. Derek Lewis & Associates Inc. acquired a new stake in shares of OPAL Fuels in the fourth quarter valued at approximately $742,000. Finally, Virtu Financial LLC raised its position in shares of OPAL Fuels by 39.1% in the fourth quarter. Virtu Financial LLC now owns 31,008 shares of the company's stock valued at $73,000 after buying an additional 8,719 shares in the last quarter. Institutional investors own 12.16% of the company's stock.

About OPAL Fuels

OPAL Fuels NASDAQ: OPAL is a publicly traded company headquartered in San Diego, California, specializing in the production, distribution and dispensing of renewable natural gas (RNG) for heavy-duty transportation. The company operates a network of RNG fueling stations across California, offering fleets of trucks, transit buses and logistics providers a low-carbon alternative to conventional diesel without requiring significant changes to existing vehicle technology or fueling infrastructure.

OPAL Fuels sources organic byproducts from dairy farms, landfills and food-processing facilities, converting methane-rich biogas into pipeline-quality RNG through a series of anaerobic digestion and gas-upgrading processes.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.