OPAL Fuels Inc. (NASDAQ:OPAL) Given Consensus Recommendation of “Reduce” by Brokerages

by · The Cerbat Gem

Shares of OPAL Fuels Inc. (NASDAQ:OPAL – Get Free Report) have received an average recommendation of “Reduce” from the six ratings firms that are currently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation and four have given a hold recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $2.8125.

OPAL has been the topic of several recent research reports. Weiss Ratings reissued a “sell (d)” rating on shares of OPAL Fuels in a report on Monday, December 1st. Wall Street Zen lowered OPAL Fuels from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Zacks Research raised OPAL Fuels from a “strong sell” rating to a “hold” rating in a research note on Monday, September 15th.

View Our Latest Stock Analysis on OPAL Fuels

Hedge Funds Weigh In On OPAL Fuels

Several large investors have recently modified their holdings of the business. Engineers Gate Manager LP acquired a new position in shares of OPAL Fuels during the second quarter worth $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new position in OPAL Fuels during the 2nd quarter worth about $28,000. Intech Investment Management LLC bought a new stake in shares of OPAL Fuels in the 2nd quarter valued at about $28,000. Shay Capital LLC bought a new stake in shares of OPAL Fuels in the 2nd quarter valued at about $34,000. Finally, AssuredPartners Investment Advisors LLC acquired a new stake in shares of OPAL Fuels in the third quarter valued at about $33,000. Institutional investors own 12.16% of the company’s stock.

OPAL Fuels Price Performance

OPAL stock opened at $2.63 on Monday. The stock has a market cap of $456.04 million, a price-to-earnings ratio of 131.57 and a beta of 1.07. The company has a debt-to-equity ratio of 32.18, a current ratio of 1.47 and a quick ratio of 1.33. The company has a 50 day simple moving average of $2.39 and a 200 day simple moving average of $2.51. OPAL Fuels has a 1 year low of $1.26 and a 1 year high of $4.08.

OPAL Fuels (NASDAQ:OPAL – Get Free Report) last issued its earnings results on Friday, November 7th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.09). The company had revenue of $83.36 million during the quarter, compared to analyst estimates of $98.03 million. OPAL Fuels had a negative net margin of 1.02% and a negative return on equity of 1.84%. Research analysts anticipate that OPAL Fuels will post 0.8 EPS for the current fiscal year.

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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