The Goldman Sachs Group Cuts OPAL Fuels (NASDAQ:OPAL) Price Target to $3.40

OPAL Fuels (NASDAQ:OPALGet Free Report) had its target price reduced by equities research analysts at The Goldman Sachs Group from $3.90 to $3.40 in a report released on Thursday,Benzinga reports. The firm presently has a “sell” rating on the stock. The Goldman Sachs Group’s price objective indicates a potential upside of 10.39% from the company’s current price.

OPAL Fuels Stock Performance

Shares of NASDAQ:OPAL opened at $3.08 on Thursday. The business’s 50-day simple moving average is $3.42 and its 200 day simple moving average is $3.64. The company has a market cap of $532.32 million, a P/E ratio of 17.11 and a beta of 0.54. OPAL Fuels has a one year low of $2.96 and a one year high of $5.18.

OPAL Fuels (NASDAQ:OPALGet Free Report) last issued its 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 during the quarter, compared to the consensus estimate 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 prior year, the business earned ($0.01) EPS. Analysts predict that OPAL Fuels will post 0.8 earnings per share for the current year.

Institutional Investors Weigh In On OPAL Fuels

Several hedge funds have recently made changes to their positions in the company. Janus Henderson Group PLC raised its stake in OPAL Fuels by 83.5% during the 3rd quarter. Janus Henderson Group PLC now owns 21,727 shares of the company’s stock valued at $79,000 after purchasing an additional 9,885 shares during the period. Sanctuary Advisors LLC acquired a new position in OPAL Fuels during the second quarter valued at $93,000. GSA Capital Partners LLP lifted its stake in OPAL Fuels by 69.3% in the 3rd quarter. GSA Capital Partners LLP now owns 96,056 shares of the company’s stock worth $351,000 after acquiring an additional 39,325 shares in the last quarter. Geode Capital Management LLC boosted its position in OPAL Fuels by 19.1% during the 3rd quarter. Geode Capital Management LLC now owns 257,549 shares of the company’s stock worth $940,000 after acquiring an additional 41,250 shares during the period. Finally, Marshall Wace LLP purchased a new position in OPAL Fuels during the 2nd quarter valued at about $389,000. Hedge funds and other institutional investors own 12.16% of the company’s stock.

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.

Read More

Analyst Recommendations for OPAL Fuels (NASDAQ:OPAL)

Receive News & Ratings for OPAL Fuels Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for OPAL Fuels and related companies with MarketBeat.com's FREE daily email newsletter.