UBS Group Cuts OPAL Fuels (NASDAQ:OPAL) Price Target to $3.50

OPAL Fuels (NASDAQ:OPAL) had its target price lowered by stock analysts at UBS Group from $7.00 to $3.50 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price objective suggests a potential upside of 71.99% from the company’s previous close.

Separately, The Goldman Sachs Group dropped their price objective on OPAL Fuels from $3.90 to $3.40 and set a “sell” rating for the company in a report on Thursday, January 23rd. One analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $5.98.

OPAL Fuels Stock Up 7.7 %

OPAL Fuels stock traded up $0.15 during trading on Monday, hitting $2.04. The stock had a trading volume of 33,787 shares, compared to its average volume of 122,484. The stock’s 50 day moving average is $2.91 and its two-hundred day moving average is $3.36. OPAL Fuels has a 1 year low of $1.89 and a 1 year high of $5.18. The stock has a market cap of $351.71 million, a price-to-earnings ratio of 11.31 and a beta of 0.56.

OPAL Fuels (NASDAQ:OPAL) last announced its quarterly earnings data on Thursday, March 13th. The company reported ($0.05) earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.49). The company had revenue of $80.02 million during the quarter, compared to the consensus estimate of $90.94 million. OPAL Fuels had a net margin of 3.30% and a negative return on equity of 4.08%. As a group, equities research analysts anticipate that OPAL Fuels will post 0.8 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Janus Henderson Group PLC boosted its stake in OPAL Fuels by 83.5% during the third quarter. Janus Henderson Group PLC now owns 21,727 shares of the company’s stock worth $79,000 after acquiring an additional 9,885 shares in the last quarter. Squarepoint Ops LLC boosted its position in shares of OPAL Fuels by 20.2% in the 4th quarter. Squarepoint Ops LLC now owns 31,983 shares of the company’s stock worth $108,000 after purchasing an additional 5,377 shares in the last quarter. Levin Capital Strategies L.P. boosted its position in shares of OPAL Fuels by 250.0% in the 4th quarter. Levin Capital Strategies L.P. now owns 35,000 shares of the company’s stock worth $119,000 after purchasing an additional 25,000 shares in the last quarter. Jane Street Group LLC purchased a new stake in shares of OPAL Fuels in the 4th quarter worth approximately $238,000. Finally, GSA Capital Partners LLP increased its position in OPAL Fuels by 69.3% during the 3rd quarter. GSA Capital Partners LLP now owns 96,056 shares of the company’s stock valued at $351,000 after buying an additional 39,325 shares in the last quarter. 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.