OPAL Fuels Inc. (NASDAQ:OPAL - Get Free Report) shares fell 3.7% during trading on Wednesday . The company traded as low as $3.13 and last traded at $3.14. 53,670 shares were traded during mid-day trading, a decline of 60% from the average session volume of 133,822 shares. The stock had previously closed at $3.26.
Analysts Set New Price Targets
A number of brokerages recently commented on OPAL. The Goldman Sachs Group upped their price target on shares of OPAL Fuels from $1.75 to $2.00 and gave the company a "sell" rating in a research note on Monday, May 12th. UBS Group decreased their price target on shares of OPAL Fuels from $7.00 to $3.50 and set a "buy" rating on the stock in a research note on Monday, March 17th. Finally, Scotiabank decreased their price target on shares of OPAL Fuels from $5.00 to $3.50 and set a "sector perform" rating on the stock in a research note on Friday, April 11th.
Read Our Latest Stock Report on OPAL Fuels
OPAL Fuels Stock Performance
The stock has a market cap of $539.18 million, a P/E ratio of 17.28 and a beta of 0.69. The stock's fifty day simple moving average is $2.07 and its 200-day simple moving average is $2.69.
OPAL Fuels (NASDAQ:OPAL - Get Free Report) last posted its quarterly earnings data 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). The business 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 research analysts forecast that OPAL Fuels Inc. will post 0.8 earnings per share for the current year.
Insider Buying and Selling at OPAL Fuels
In other OPAL Fuels news, Director Scott V. Dols acquired 37,532 shares of the business's stock in a transaction on Thursday, May 22nd. The stock was purchased at an average price of $2.51 per share, with a total value of $94,205.32. Following the acquisition, the director now directly owns 116,899 shares of the company's stock, valued at approximately $293,416.49. This trade represents a 47.29% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jonathan Gilbert Maurer acquired 25,000 shares of the business's stock in a transaction on Friday, May 23rd. The stock was acquired at an average cost of $2.74 per share, with a total value of $68,500.00. Following the acquisition, the chief executive officer now directly owns 176,716 shares in the company, valued at approximately $484,201.84. This trade represents a 16.48% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 90,232 shares of company stock valued at $236,999 in the last quarter. Company insiders own 84.57% of the company's stock.
Institutional Trading of OPAL Fuels
A number of institutional investors have recently bought and sold shares of the business. Levin Capital Strategies L.P. lifted its holdings in shares of OPAL Fuels by 250.0% during the 4th quarter. Levin Capital Strategies L.P. now owns 35,000 shares of the company's stock worth $119,000 after acquiring an additional 25,000 shares during the period. Geode Capital Management LLC lifted its holdings 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 acquiring an additional 5,327 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of OPAL Fuels by 28.9% during the 4th quarter. Russell Investments Group Ltd. now owns 503,885 shares of the company's stock worth $1,708,000 after acquiring an additional 113,034 shares during the period. Invesco Ltd. lifted its holdings in shares of OPAL Fuels by 22.5% during the 4th quarter. Invesco Ltd. now owns 1,446,536 shares of the company's stock worth $4,904,000 after acquiring an additional 265,762 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of OPAL Fuels during the 4th quarter worth approximately $389,000. Institutional investors own 12.16% of the company's stock.
OPAL Fuels Company Profile
(
Get Free Report)
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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