The Goldman Sachs Group Issues Pessimistic Forecast for OPAL Fuels (NASDAQ:OPAL) Stock Price

OPAL Fuels (NASDAQ:OPAL) had its price objective cut by The Goldman Sachs Group from $3.90 to $3.40 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “sell” rating on the stock. The Goldman Sachs Group’s price objective points to a potential upside of 5.59% from the company’s previous close.

OPAL Fuels Stock Down 0.3 %

Shares of NASDAQ OPAL traded down $0.01 during trading hours on Thursday, hitting $3.22. 78,172 shares of the stock were exchanged, compared to its average volume of 82,790. The company has a market cap of $556.51 million, a PE ratio of 17.83 and a beta of 0.54. OPAL Fuels has a 12 month low of $2.96 and a 12 month high of $5.18. The firm has a fifty day moving average price of $3.45 and a 200-day moving average price of $3.65.

OPAL Fuels (NASDAQ:OPAL) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.08). The business had revenue of $84.05 million for the quarter, compared to analyst estimates of $88.80 million. OPAL Fuels had a negative return on equity of 4.08% and a net margin of 3.30%. During the same period in the previous year, the company posted ($0.01) earnings per share. As a group, equities analysts anticipate that OPAL Fuels will post 0.8 earnings per share for the current fiscal year.

Institutional Investors Weigh In On OPAL Fuels

A number of large investors have recently modified their holdings of the business. Yaupon Capital Management LP boosted its stake in OPAL Fuels by 17.0% in the 3rd quarter. Yaupon Capital Management LP now owns 700,054 shares of the company’s stock worth $2,555,000 after purchasing an additional 101,955 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of OPAL Fuels by 19.1% during the third quarter. Geode Capital Management LLC now owns 257,549 shares of the company’s stock worth $940,000 after buying an additional 41,250 shares during the period. Inspire Investing LLC purchased a new stake in shares of OPAL Fuels during the third quarter valued at $430,000. GSA Capital Partners LLP increased its position in shares of OPAL Fuels by 69.3% in the 3rd quarter. GSA Capital Partners LLP now owns 96,056 shares of the company’s stock valued at $351,000 after acquiring an additional 39,325 shares during the period. Finally, Marshall Wace LLP purchased a new position in OPAL Fuels in the 2nd quarter worth $389,000. Hedge funds and other institutional investors own 12.16% of the company’s stock.

About OPAL Fuels

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.