OPAL Fuels (NASDAQ:OPAL) Shares Down 6.2% - Should You Sell?

OPAL Fuels Inc. (NASDAQ:OPAL - Get Free Report) fell 6.2% during trading on Monday . The stock traded as low as $2.95 and last traded at $2.96. 120,307 shares traded hands during mid-day trading, a decline of 12% from the average session volume of 136,745 shares. The stock had previously closed at $3.15.

Analyst Ratings Changes

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

OPAL Fuels Trading Down 1.9%

The stock has a market cap of $452.50 million, a price-to-earnings ratio of 130.50 and a beta of 1.22. The business's fifty day simple moving average is $2.56 and its 200 day simple moving average is $2.62. The company has a debt-to-equity ratio of 5.06, a current ratio of 1.15 and a quick ratio of 1.02.

OPAL Fuels (NASDAQ:OPAL - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.63). OPAL Fuels had a negative net margin of 0.24% and a negative return on equity of 1.84%. The firm had revenue of $85.41 million for the quarter, compared to analyst estimates of $85.08 million. On average, research analysts predict that OPAL Fuels Inc. will post 0.8 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Jonathan Gilbert Maurer acquired 25,000 shares of the business's stock in a transaction on Friday, May 23rd. The shares were purchased at an average price of $2.74 per share, for a total transaction of $68,500.00. Following the acquisition, the chief executive officer now owns 176,716 shares in the company, valued at approximately $484,201.84. This represents a 16.48% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Scott V. Dols acquired 37,532 shares of the business's stock in a transaction on Thursday, May 22nd. The shares were bought at an average price of $2.51 per share, for a total transaction of $94,205.32. Following the acquisition, the director now owns 116,899 shares in the company, valued at approximately $293,416.49. This trade represents a 47.29% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have acquired 108,332 shares of company stock worth $293,597. 84.57% of the stock is owned by corporate insiders.

Institutional Trading of OPAL Fuels

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Invesco Ltd. raised its holdings in OPAL Fuels by 40.0% during the 1st quarter. Invesco Ltd. now owns 2,024,745 shares of the company's stock worth $3,726,000 after buying an additional 578,209 shares during the period. Yaupon Capital Management LP raised its holdings in OPAL Fuels by 1.6% during the 1st quarter. Yaupon Capital Management LP now owns 711,508 shares of the company's stock worth $1,309,000 after buying an additional 11,454 shares during the period. Russell Investments Group Ltd. raised its holdings in 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 buying an additional 113,034 shares during the period. SCS Capital Management LLC purchased a new position in OPAL Fuels during the 1st quarter valued at about $683,000. Finally, Geode Capital Management LLC grew its stake in OPAL Fuels by 2.1% during the 4th quarter. Geode Capital Management LLC now owns 262,876 shares of the company's stock valued at $891,000 after acquiring an additional 5,327 shares in the last quarter. Institutional investors and hedge funds own 12.16% of the company's stock.

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.