OPAL Fuels (NASDAQ:OPAL) Hits New 12-Month Low at $3.91

OPAL Fuels Inc. (NASDAQ:OPAL) reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $3.91 and last traded at $3.91, with a volume of 64796 shares. The stock had previously closed at $4.10.

Wall Street Analyst Weigh In

Several analysts recently issued reports on OPAL shares. Piper Sandler decreased their price objective on shares of OPAL Fuels from $13.00 to $8.00 and set an “overweight” rating for the company in a report on Thursday, April 18th. B. Riley reaffirmed a “buy” rating and set a $10.00 price objective on shares of OPAL Fuels in a report on Friday, June 7th. Finally, Scotiabank decreased their price objective on shares of OPAL Fuels from $10.50 to $8.00 and set a “sector outperform” rating for the company in a report on Thursday, April 11th. One research analyst has rated the stock with a sell rating and five have given a buy rating to the company. According to data from MarketBeat.com, OPAL Fuels has a consensus rating of “Moderate Buy” and a consensus target price of $8.67.

OPAL Fuels Trading Up 1.0 %

The business’s fifty day simple moving average is $4.40 and its two-hundred day simple moving average is $4.69. The stock has a market capitalization of $696.82 million, a P/E ratio of 5.39 and a beta of 0.50.

OPAL Fuels (NASDAQ:OPAL) last issued its quarterly earnings results on Thursday, May 9th. The company reported ($0.01) earnings per share for the quarter, missing analysts’ consensus estimates of $0.02 by ($0.03). OPAL Fuels had a net margin of 9.23% and a negative return on equity of 1.06%. The company had revenue of $64.95 million during the quarter, compared to the consensus estimate of $85.18 million. During the same period last year, the company earned ($0.06) earnings per share. On average, equities research analysts anticipate that OPAL Fuels Inc. will post 0.57 earnings per share for the current year.

Insider Transactions at OPAL Fuels

In other OPAL Fuels news, Director Scott V. Dols acquired 11,192 shares of OPAL Fuels stock in a transaction dated Monday, May 20th. The stock was bought at an average cost of $5.06 per share, with a total value of $56,631.52. Following the acquisition, the director now owns 34,823 shares of the company’s stock, valued at $176,204.38. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, COO Anthony Falbo sold 9,621 shares of the stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $4.89, for a total transaction of $47,046.69. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Scott V. Dols bought 11,192 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The shares were purchased at an average price of $5.06 per share, with a total value of $56,631.52. Following the transaction, the director now directly owns 34,823 shares in the company, valued at $176,204.38. The disclosure for this purchase can be found here. 84.43% of the stock is owned by insiders.

Institutional Investors Weigh In On OPAL Fuels

A number of hedge funds have recently made changes to their positions in OPAL. DAVENPORT & Co LLC acquired a new stake in shares of OPAL Fuels during the 4th quarter worth about $61,000. Levin Capital Strategies L.P. acquired a new stake in shares of OPAL Fuels during the 1st quarter worth about $136,000. Yarra Square Partners LP increased its position in shares of OPAL Fuels by 18.9% during the 4th quarter. Yarra Square Partners LP now owns 313,900 shares of the company’s stock worth $1,733,000 after purchasing an additional 50,000 shares in the last quarter. Grizzlyrock Capital LLC acquired a new stake in shares of OPAL Fuels during the 4th quarter worth about $4,611,000. Finally, Vanguard Group Inc. increased its position in shares of OPAL Fuels by 5.4% during the 1st quarter. Vanguard Group Inc. now owns 1,674,624 shares of the company’s stock worth $8,407,000 after purchasing an additional 86,531 shares in the last quarter. Institutional investors and hedge funds own 12.16% of the company’s stock.

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.