OPAL Fuels (NASDAQ:OPAL) Price Target Raised to $2.00 at The Goldman Sachs Group

OPAL Fuels (NASDAQ:OPAL - Get Free Report) had its price objective hoisted by analysts at The Goldman Sachs Group from $1.75 to $2.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage presently has a "sell" rating on the stock. The Goldman Sachs Group's target price would indicate a potential downside of 6.98% from the company's current price.

Other analysts also recently issued reports about the company. UBS Group lowered their target price on OPAL Fuels from $7.00 to $3.50 and set a "buy" rating for the company in a research note on Monday, March 17th. Scotiabank cut their price target 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.

OPAL Fuels Stock Down 2.3%

Shares of OPAL traded down $0.05 on Monday, reaching $2.15. The stock had a trading volume of 65,929 shares, compared to its average volume of 116,499. The firm has a market capitalization of $371.58 million, a PE ratio of 11.94 and a beta of 0.69. The firm has a 50-day moving average of $1.79 and a 200 day moving average of $2.80. OPAL Fuels has a twelve month low of $1.26 and a twelve month high of $5.16.

OPAL Fuels (NASDAQ:OPAL - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.62 by ($0.63). OPAL Fuels had a net margin of 3.30% and a negative return on equity of 4.08%. The company had revenue of $85.41 million during the quarter, compared to analysts' expectations of $85.08 million. On average, sell-side analysts anticipate that OPAL Fuels will post 0.8 earnings per share for the current fiscal year.

Institutional Trading of OPAL Fuels

Large investors have recently added to or reduced their stakes in the company. Squarepoint Ops LLC grew its stake in shares of OPAL Fuels by 20.2% during the fourth quarter. Squarepoint Ops LLC now owns 31,983 shares of the company's stock valued at $108,000 after purchasing an additional 5,377 shares during the last quarter. Levin Capital Strategies L.P. lifted its holdings in OPAL Fuels by 250.0% in the fourth 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 during the period. Jane Street Group LLC acquired a new position in OPAL Fuels in the fourth quarter valued at approximately $238,000. Marshall Wace LLP acquired a new position in OPAL Fuels in the fourth quarter valued at approximately $389,000. Finally, Ardsley Advisory Partners LP lifted its holdings in OPAL Fuels by 20.0% in the fourth 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 during the period. 12.16% of the stock is owned by institutional investors.

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.

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