OPAL Fuels (NASDAQ:OPAL) PT Lowered to $8.00 at Piper Sandler

OPAL Fuels (NASDAQ:OPALFree Report) had its price target trimmed by Piper Sandler from $13.00 to $8.00 in a report published on Thursday, Benzinga reports. The brokerage currently has an overweight rating on the stock.

Other analysts have also issued reports about the stock. B. Riley reduced their price objective on shares of OPAL Fuels from $14.00 to $10.00 and set a buy rating for the company in a research note on Thursday, March 7th. Stifel Nicolaus reduced their price target on shares of OPAL Fuels from $14.00 to $13.00 and set a buy rating for the company in a research report on Tuesday, January 23rd. Scotiabank reduced their price target on shares of OPAL Fuels from $10.50 to $8.00 and set a sector outperform rating for the company in a research report on Thursday, April 11th. The Goldman Sachs Group reduced their price target on shares of OPAL Fuels from $5.80 to $5.00 and set a sell rating for the company in a research report on Friday, March 15th. Finally, UBS Group reduced their price target on shares of OPAL Fuels from $11.00 to $8.00 and set a buy rating for the company in a research report on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, OPAL Fuels currently has an average rating of Moderate Buy and a consensus price target of $9.29.

Check Out Our Latest Stock Analysis on OPAL Fuels

OPAL Fuels Trading Down 0.4 %

OPAL stock opened at $4.68 on Thursday. OPAL Fuels has a one year low of $4.43 and a one year high of $8.46. The firm has a market capitalization of $807.21 million, a PE ratio of 6.69 and a beta of 0.52. The firm has a 50-day moving average of $4.84 and a two-hundred day moving average of $5.41.

OPAL Fuels (NASDAQ:OPALGet Free Report) last posted its quarterly earnings data on Wednesday, March 13th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.22 by ($0.11). OPAL Fuels had a net margin of 10.61% and a negative return on equity of 1.07%. The firm had revenue of $87.01 million for the quarter, compared to analysts’ expectations of $98.77 million. On average, equities research analysts anticipate that OPAL Fuels will post 0.53 earnings per share for the current year.

Hedge Funds Weigh In On OPAL Fuels

A number of hedge funds have recently added to or reduced their stakes in OPAL. DAVENPORT & Co LLC acquired a new position in OPAL Fuels in the fourth quarter worth approximately $61,000. Dimensional Fund Advisors LP acquired a new position in OPAL Fuels in the fourth quarter worth approximately $66,000. State Street Corp acquired a new position in OPAL Fuels in the first quarter worth approximately $72,000. Millennium Management LLC acquired a new position in OPAL Fuels in the fourth quarter worth approximately $90,000. Finally, Morgan Stanley increased its holdings in OPAL Fuels by 748.8% in the fourth quarter. Morgan Stanley now owns 13,802 shares of the company’s stock worth $100,000 after buying an additional 12,176 shares during the last quarter. Institutional investors and hedge funds 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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Analyst Recommendations for OPAL Fuels (NASDAQ:OPAL)

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