Key Points
- OPAL Fuels director Scott Mcdougald Sutton bought 50,000 shares on June 11 at an average price of $1.95 per share, totaling $97,500. After the purchase, he directly owned 50,000 shares.
- The stock has struggled recently, opening at $1.91 and trading near its 52-week low of $1.65, well below its 52-week high of $3.40. It also trades under both its 50-day and 200-day moving averages.
- Analyst sentiment remains cautious, with a consensus rating of “Reduce” and an average price target of $2.72. The company also missed its latest quarterly earnings and revenue estimates.
OPAL Fuels Inc. (NASDAQ:OPAL - Get Free Report) Director Scott Mcdougald Sutton purchased 50,000 shares of OPAL Fuels stock in a transaction on Thursday, June 11th. The stock was bought at an average cost of $1.95 per share, for a total transaction of $97,500.00. Following the transaction, the director directly owned 50,000 shares in the company, valued at $97,500. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
OPAL Fuels Stock Performance
Shares of OPAL opened at $1.91 on Tuesday. OPAL Fuels Inc. has a 1 year low of $1.65 and a 1 year high of $3.40. The stock has a market capitalization of $331.19 million, a PE ratio of 27.29 and a beta of 0.77. The company has a debt-to-equity ratio of 23.21, a quick ratio of 2.07 and a current ratio of 2.20. The stock has a 50-day simple moving average of $2.23 and a 200-day simple moving average of $2.30.
OPAL Fuels (NASDAQ:OPAL - Get Free Report) last issued its earnings results on Saturday, May 9th. The company reported ($0.09) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.16). OPAL Fuels had a net margin of 1.33% and a negative return on equity of 479.62%. The firm had revenue of $73.38 million during the quarter, compared to analyst estimates of $93.87 million. On average, analysts predict that OPAL Fuels Inc. will post -0.2 earnings per share for the current fiscal year.
Institutional Trading of OPAL Fuels
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in OPAL. Invesco Ltd. lifted its position in shares of OPAL Fuels by 77.2% during the 4th quarter. Invesco Ltd. now owns 5,206,386 shares of the company's stock worth $12,261,000 after buying an additional 2,268,741 shares during the last quarter. Vanguard Group Inc. grew its position in shares of OPAL Fuels by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 1,158,519 shares of the company's stock valued at $2,549,000 after buying an additional 11,488 shares during the last quarter. Yaupon Capital Management LP raised its stake in OPAL Fuels by 3.4% during the 4th quarter. Yaupon Capital Management LP now owns 767,234 shares of the company's stock worth $1,807,000 after acquiring an additional 25,459 shares in the last quarter. Geode Capital Management LLC lifted its position 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 position in OPAL Fuels by 15.0% in the fourth quarter. Goldman Sachs Group Inc. now owns 315,360 shares of the company's stock valued at $743,000 after acquiring an additional 41,056 shares during the last quarter. Institutional investors and hedge funds own 12.16% of the company's stock.
Analysts Set New Price Targets
Several research firms have recently issued reports on OPAL. Wall Street Zen raised shares of OPAL Fuels from a "strong sell" rating to a "sell" rating in a research report on Sunday, May 24th. Zacks Research raised OPAL Fuels from a "strong sell" rating to a "hold" rating in a report on Tuesday, May 5th. Weiss Ratings cut OPAL Fuels from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Wednesday, May 13th. Finally, The Goldman Sachs Group lifted their price target on OPAL Fuels from $2.10 to $2.40 and gave the stock a "sell" rating in a report on Tuesday, March 17th. Three analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Reduce" and an average price target of $2.72.
Read Our Latest Research Report on OPAL Fuels
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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