Key Points
- Director Scott Dols bought 7,946 shares of OPAL Fuels at $2.00 each, a purchase worth about $15,892 that increased his holdings by 3.34%.
- OPAL Fuels shares were up 2.0% to $2.01, though the company continues to trade below its 50-day and 200-day moving averages.
- The company recently reported a quarterly earnings miss, posting -$0.09 EPS versus expectations for $0.07 and revenue of $73.38 million versus the $93.87 million forecast.
OPAL Fuels Inc. (NASDAQ:OPAL - Get Free Report) Director Scott Dols bought 7,946 shares of the firm's stock in a transaction dated Thursday, May 21st. The shares were acquired at an average cost of $2.00 per share, with a total value of $15,892.00. Following the completion of the transaction, the director owned 245,672 shares of the company's stock, valued at $491,344. This represents a 3.34% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link.
OPAL Fuels Trading Up 2.0%
NASDAQ:OPAL opened at $2.01 on Friday. The company has a debt-to-equity ratio of 23.21, a current ratio of 2.20 and a quick ratio of 2.07. The firm has a 50-day moving average of $2.29 and a 200-day moving average of $2.32. The company has a market cap of $348.53 million, a PE ratio of 28.72 and a beta of 0.76. OPAL Fuels Inc. has a one year low of $1.65 and a one year high of $4.08.
OPAL Fuels (NASDAQ:OPAL - Get Free Report) last posted its earnings results on Saturday, May 9th. The company reported ($0.09) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.16). The business had revenue of $73.38 million for the quarter, compared to the consensus estimate of $93.87 million. OPAL Fuels had a negative return on equity of 479.62% and a net margin of 1.33%. As a group, equities research analysts expect that OPAL Fuels Inc. will post -0.2 EPS for the current fiscal year.
Analysts Set New Price Targets
Several equities research analysts have recently commented on the stock. Wall Street Zen downgraded shares of OPAL Fuels from a "hold" rating to a "strong sell" rating in a research report on Saturday, May 16th. Zacks Research raised shares of OPAL Fuels from a "strong sell" rating to a "hold" rating in a research report on Tuesday, May 5th. The Goldman Sachs Group boosted their target price on shares of OPAL Fuels from $2.10 to $2.40 and gave the stock a "sell" rating in a research report on Tuesday, March 17th. Finally, Weiss Ratings downgraded shares of OPAL Fuels from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Wednesday, May 13th. Three investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, OPAL Fuels currently has an average rating of "Reduce" and an average target price of $2.72.
Get Our Latest Research Report on OPAL Fuels
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Invesco Ltd. boosted its stake in OPAL Fuels by 77.2% in the fourth quarter. Invesco Ltd. now owns 5,206,386 shares of the company's stock valued at $12,261,000 after acquiring an additional 2,268,741 shares during the last quarter. Vanguard Group Inc. boosted its stake in OPAL Fuels by 1.0% in the third quarter. Vanguard Group Inc. now owns 1,158,519 shares of the company's stock valued at $2,549,000 after acquiring an additional 11,488 shares during the last quarter. Yaupon Capital Management LP boosted its stake in OPAL Fuels by 3.4% in the fourth quarter. Yaupon Capital Management LP now owns 767,234 shares of the company's stock valued at $1,807,000 after acquiring an additional 25,459 shares during the last quarter. Geode Capital Management LLC boosted its stake in OPAL Fuels by 91.5% in the second quarter. Geode Capital Management LLC now owns 509,294 shares of the company's stock valued at $1,233,000 after acquiring an additional 243,399 shares during the last quarter. Finally, Goldman Sachs Group Inc. lifted its stake in shares of OPAL Fuels by 15.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 315,360 shares of the company's stock valued at $743,000 after buying an additional 41,056 shares in the last quarter. 12.16% of the stock is currently owned by hedge funds and other institutional investors.
About OPAL Fuels
(
Get Free Report)
OPAL Fuels (NASDAQ: OPAL) is a publicly traded company headquartered in San Diego, California, specializing in the production, distribution and dispensing of renewable natural gas (RNG) for heavy-duty transportation. The company operates a network of RNG fueling stations across California, offering fleets of trucks, transit buses and logistics providers a low-carbon alternative to conventional diesel without requiring significant changes to existing vehicle technology or fueling infrastructure.
OPAL Fuels sources organic byproducts from dairy farms, landfills and food-processing facilities, converting methane-rich biogas into pipeline-quality RNG through a series of anaerobic digestion and gas-upgrading processes.
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